VirtualWire Date:   Tuesday , November 10, 2009 With an aim to stretch the performance limits of existing wireless technologies, VirtualWire Technologies was started in the IIT Delhi incubator by IIT Delhi alumni and faculty. The company was founded with the vision of building a ‘VirtualWired’ world - a world without wires. In 2006, VirtualWire decided to build a UltraWideBand (UWB) based wireless chip and submitted a proposal to Council of Scientific and Industrial Research’s (CSIR) NMITLI program. CSIR approved the proposal and set VirtualWire on the path to becoming a wireless chip company. Founded: 2003 Headquarters: New Delhi Head Count: 30 Customers: The Company has developed wireless products and systems for telecom equipment manufacturers like Vihaan Networks, Simoco and Precision Electronics, and in future will be focusing on delivering chips to smartphone manufacturers like Nokia, HTC. Principals: Prof. Surendra Prasad, Chairman He has been a faculty member at IIT Delhi, since 1971, where he is currently the Director. He has been honored with several awards and fellowships over the years for his dedicated contributions to the development of science and technology, particularly communications technology. Vishal Chandra, CEO He co-founded VirtualWire and has bootstrapped the company, by building an outsourced R&D services business to fund internal product development. He has been key to building up the team at VirtualWire and identifying opportunities for the company. He graduated in B. Tech. Electrical Engineering from IIT Delhi. Competitors: Chipmakers like Qualcomm, Broadcom, NXP and Marvell. Investors: VirtualWire is a bootstrapped company. Website: www.virtualwire.in What makes it different: VirtualWire team has developed some very complex and high-performance wireless systems. In 2008, VirtualWire demonstrated a working UWB wireless link and started work on building an ultra high-speed wireless link based on UWB and multiple antenna technology, which can give multi-giga-bit data rates. Recently, VirtualWire completed its development of a 2Gbps MIMO-UWB wireless link, which it claims is 10-20 times faster than the typical Wi-Fi links. What it offers: VirtualWire claims to have the technology to developed wireless chip built for mobile phones, faster than the latest Wi-Fi mobile chips from major players in this space by at least 6-7 times. The key focus area of the company is building ultra-high data rate wireless technology. Revenue model: The Company builds products using its expertise in the wireless technology space, which it has gained by working with a range of OEMs for wireless and communications products, and aims to sell it to the mobile phone manufacturers.