(xconomy) — Qualcomm has ended its partnership with Techstars, less than two months after graduating the inaugural class of 10 startups from the Qualcomm Robotics Accelerator, which is powered by Techstars. The decision to terminate the robotics accelerator was confirmed by Qualcomm CTO Matt Grob, who said the intense, four-month mentoring program was successful. However, he indicated it was difficult for the wireless technology giant to justify the costs when the company was experiencing hard times.
“I would say the overall effort was successful,” Grob said. The robotics accelerator was successful enough for Qualcomm to look at other ways of underwriting incubator-type programs in the future, he said.Tags: Qualcomm, Qualcomm Robotics Accelerator, TechStars