I meet Paul Jacobs in a studio in San Francisco's warehouse-filled Dogpatch neighborhood. We're there to watch the filming of Qualcomm'sInvent-Off competition. Two teams are competing to create a smart device -- in only three days -- that can save lives. They're doing it all in a warehouse studio that's packed with power tools and high-tech electronics components. One product wants to accelerate the delivery of medical treatment to people in remote areas. The other is for extreme sports enthusiasts, or even someone going for a hike alone. (Later this summer, Qualcomm will broadcast the series online and will reveal the winner of a $25,000 prize.)