Submission + - Cisco offers $10m network innovation prize
Stony Stevenson writes: Cisco Systems has announced the launch of the Cisco I-Prize which offers up to $10m to global entrepreneurs with commercially viable network technology business ideas. The winning team could have the opportunity to join Cisco as founders of a new emerging technology business unit. Depending on the value of the idea, Cisco may also invest a further $10m over three years to fund the new business unit.
The prize is open to individuals aged 18 and older and entries will be evaluated in much the same way that Cisco assesses new internal business ideas for its Emerging Technologies Group. The only catch is that ideas must have the potential to bring in at least $1 billion revenue to Cisco over a five to seven year period, and submissions must use the IP network as a platform.
The prize is open to individuals aged 18 and older and entries will be evaluated in much the same way that Cisco assesses new internal business ideas for its Emerging Technologies Group. The only catch is that ideas must have the potential to bring in at least $1 billion revenue to Cisco over a five to seven year period, and submissions must use the IP network as a platform.
