Mobile technology company Qualcomm announced today the formation of a new subsidiary, Qualcomm Life. The subsidiary will run the company’s former Wireless Health business. Qualcomm Life was unveiled today at the mHealth Summit in Washington D.C. As part of the launch, Qualcomm presented the 2net hub, a mobile device designed to plug into a wall socket and provide connectivity for a wide range of medical devices. The 2net platform allows for the wireless transmission of health data from medical devices to various locations, such as a hospital or doctor’s office.

Over 40 medical device manufacturers, application developers, health care services companies and payors are either integrating with or considering the 2net ecosystem.

Qualcomm Life will also establish a $100 million fund, managed by Qualcomm’s venture arm, to invest in wireless technology adoption in the healthcare industry. Desired developments include biosensors, medication compliance, wellness, remote diagnosis or monitoring and analytics.

According to Rick Valencia, vice president and general manager of Qualcomm Life:

Qualcomm Life was founded, in part, to assist medical device manufacturers who approached Qualcomm for help when their own wireless connectivity attempts became untenable due to technology selection errors, unscalable deployment models and prohibitively high operational support costs. Our services, including integration on the 2net platform, remove the burden for medical device manufacturers of a large technical development effort, providing integration with mobile carriers and solving the operational complexities of supporting wireless medical device data in the field.

Source: Qualcomm Life