Qualcomm has announced that Reverie Technologies, an Indic language solutions company we've covered in detail before, will receive $100,000 of Convertible Note funding, and have the opportunity of winning another $150,000, as the winner of the India leg of its Qualcomm Ventures QPrize business plan competition for 2010. Apart from Reverie, seven other companies were among the finalists for the QPrize, include ventures that have developed solutions ranging from technology focussed ad networks to community information delivery and exchange: Buzzstream - an interesting concept, details for which we learned from its description on Knight News Challenge's website, Buzzstream implements localized mobile streaming and playback of community news feeds, short video films and audio podcasts on public transport vehicles. The streaming service will be coupled with open applications that enable interactive participation of commuters through their mobile devices. It aims to develop an open-source platform for engaging local citizens in solving urban challenges using the collective wisdom of a captive viewership in a bus, distribute community news to a larger urban audience using mobile digital means and overcome digital and literacy handicaps of economically disadvantaged sections by delivering news over a popular public transport medium in a visual format. BuzzStream will be launched as a pilot service in Bangalore and will initially be deployed and tested on AC Volvo buses being operated by the local metropolitan transport company (Bangalore Metro Transport Company or BMTC) along several routes in the city. Reach 360- Reach360 is a technology focused ad-network that claims to drive superior results.…
