Rick Valencia

Founder and General Manager, Qualcomm Life

 

Rick Valencia, is vice president of Qualcomm and the founder and general manager of Qualcomm Life, a wholly owned subsidiary of Qualcomm Incorporated. He is responsible for day-to-day operations as well as leading the company’s product development and technology strategy in the wireless health market. Rick is a true champion of healthcare innovation as evidenced by his efforts at Qualcomm Life and in the broader industry. In addition to running Qualcomm Life, Rick oversees all corporate initiatives that drive innovation in wireless health at Qualcomm, including the strategic partnership with Rock Health and the $100 million Qualcomm Life Fund. As an advisor to Telcare, Inc., an early-stage health care device manufacturer, Rick helped the company launch the first cellular enabled diabetes blood glucose meter. Rick is currently an active member of HIMSS and mHIMSS, both non-profit organizations, which are advancing the best use of information and technology for the betterment of healthcare.  Previously, Rick founded and served as Chief Executive Officer and Chairman of the Board of ProfitLine, a business he built up from a one-man show into a $35 million enterprise, with 200 team members and 70 Fortune 1000 clients. ProfitLine made it to the Inc. 500 list of fastest growing companies for three consecutive years. Rick not only built a new business, but was also the driving force behind a lucrative new telecommunications industry. Following this experience, Rick brought his technology expertise and entrepreneurial spirit to HCL Expense Management Services Inc., a $50 million subsidiary of HCL Technologies, as Chief Executive Officer. In recognition of his proven ability to succeed in business, Rick was awarded the highly coveted Ernst & Young Entrepreneur of the Year Award.  On a personal note, Rick is also a former Chairman and long-time board member of Big Brothers, Big Sisters of San Diego County and a Chairman of the local chapter of the Young Presidents Organization (YPO). Rick currently serves as a mentor at the Founder Institute and on the Executive Committee of the San Diego MIT Enterprise Forum where he helps fellow entrepreneurs launch meaningful and enduring technology companies. Rick earned a bachelor’s degree in business administration and finance from California State University Northridge.