Cisco announces Cisco I-Prize to identify new business areas
US networking major Cisco on Wednesday announced the Cisco I-Prize to identify new business ideas and innovators around the world.
By PTI |
BANGALORE: US networking major Cisco on Wednesday announced the Cisco I-Prize to identify new business ideas and innovators around the world.
The Cisco I-Prize aims to bring together global teams to develop technology business ideas using Cisco's collaboration technologies and to run those ideas through Cisco's process for identifying emerging technologies to take to market, Cisco Chairman and CEO John Chambers said.
The winning team may have the opportunity to join Cisco as founders of a new emerging technology business unit.
"Depending on the value of the idea, Cisco may invest up to $ 10 million over three years to fund the new business unit," he said.
Ideas should have the potential to bring in at least $ one billion revenue to Cisco over a 5-7-year period.
The Cisco I-Prize aims to bring together global teams to develop technology business ideas using Cisco's collaboration technologies and to run those ideas through Cisco's process for identifying emerging technologies to take to market, Cisco Chairman and CEO John Chambers said.
The winning team may have the opportunity to join Cisco as founders of a new emerging technology business unit.
"Depending on the value of the idea, Cisco may invest up to $ 10 million over three years to fund the new business unit," he said.
Ideas should have the potential to bring in at least $ one billion revenue to Cisco over a 5-7-year period.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
