Cisco Announces International Startup Competition
Cisco has announced the start of the international competition for start-ups Cisco I-Prize . The authors of the best business plans together with the whole team will immediately get a job at Cisco with a starting bonus of $ 250 thousand and the possibility of financing up to $ 10 million for three years.
The conditions of the competition are as follows. First, the technology platform for a startup must be an IP network. Secondly, entrepreneurs must convince the jury that they are capable of bringing Cisco at least a billion dollars in a period of five to seven years.
The competition was announced at the opening of the international center Cisco Globalisation Center East in Bangalore, and company executives specifically emphasize that entrepreneurs from any country can apply. According to experts , the likelihood that Americans will win the contest is no more than 35%.
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Applications are accepted until January 15. First, up to hundreds of semifinalists will be selected, the best of which in March-April 2008 will be personally presented to Cisco's top management via the Cisco TelePresence newsgroup system.
The conditions of the competition are as follows. First, the technology platform for a startup must be an IP network. Secondly, entrepreneurs must convince the jury that they are capable of bringing Cisco at least a billion dollars in a period of five to seven years.
The competition was announced at the opening of the international center Cisco Globalisation Center East in Bangalore, and company executives specifically emphasize that entrepreneurs from any country can apply. According to experts , the likelihood that Americans will win the contest is no more than 35%.
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Applications are accepted until January 15. First, up to hundreds of semifinalists will be selected, the best of which in March-April 2008 will be personally presented to Cisco's top management via the Cisco TelePresence newsgroup system.
Source: https://habr.com/ru/post/15718/
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