The August 12 issue of Forbes magazine features Cisco’s investment to fuel job creation and economic development in the Palestinian information and communications technology (ICT) industry.
After visiting Ramallah in 2008, Cisco CEO John Chambers pledged to help develop the ICT sector in the Palestinian Territories.
“We do this because we want to change the world. And we don’t do it on a small scale. It’s nice to help a village, but the key is how do you help a country?” Cisco CEO John Chambers says in Forbes.
In 2008, Cisco began outsourcing projects from its Israeli office to three companies in the Palestine Territories. Those firms have since reported a 65 percent increase in their workforces.
Forbes contributor Richard Behar writes, “Cisco’s efforts created a ripple effect, bringing in other American tech giants, which also use their Israel offices to work across the border. And as U.S. companies got Palestinian companies comfortable with working with entities based in Israel, large Israeli tech companies have been able to establish relationships, too. … HP now outsources some of its research and development to the West Bank. Microsoft Israel has started putting Palestinian engineers in Ramallah on its payroll.”
Indeed, according to a June 2012 report on the Palestinian Investment Commitment by Mission Measurement, Palestinian ICT firms reported a 64 percent increase in international client work from 2009 to 2012.
Cisco ultimately contributed US$15 million to the initiative, including millions of dollars in incubation, venture capital, and equity funding for ICT companies, and a capacity building program for entrepreneurs.
Read the complete Forbes article featuring Cisco’s Palestine Investment Commitment.
In a separate piece, Behar describes Cisco’s Tamkeen.net capacity building program for Palestinian entrepreneurs, which provides training and mentoring for CEOs and managers. Behar attended two of the training sessions “in rooms filled with Palestinian CEOs and mid-level managers being coached by Israeli Jewish tech experts.” Seventy Palestinians from 24 different companies have participated in 100 days of trainings since 2011.
Read about the Tamkeen.net capacity building program in Forbes.
The video below features Tareq Maayah, founder of Ramallah-based Exalt Technologies, one of the three companies that undertook outsourcing work from Cisco.
Tags: capacilty building, Entrepreneur, ICT, outsource, outsourcing, Palestine, Tamkeen
This blog was originally published on the Huffington Post
I recently spent two weeks in Uganda and Kenya, meeting with nonprofit organizations that are applying technology-based solutions to help underserved populations access the knowledge, skills, and financial products and services they need to become economically self-sufficient. I lead the economic empowerment portfolio for Cisco and the Cisco Foundation, so it was an opportunity to get an up-close view of the progress and impact of our investments.
Let’s put this into perspective: When we talk about underserved populations in developing countries, we are talking about people who are living on less than $3 a day. They may have never had a formal job and most likely have, at most, a high school education. They don’t have a bank account, they may live in a slum, and they may not have enough money to eat three meals a day.
To permanently break the cycle of poverty, these people need a life-changing experience. One that will help them develop skills they need to get jobs, earn good salaries, and be supporters and role models for their families and communities.
Read More »
Tags: digitial divide data, impact sourcing, Kenya, poverty, Samasource
The Shared Value Initiative just released a video interview of Cisco Corporate Affairs Senior Director Kathy Mulvany, taken during the Global Shared Value Leadership Summit in Cambridge, Massachusetts.
The term “shared value” is the concept that a company can enhance its own competitiveness while simultaneously alleviating social problems in the communities where it operates. What differentiates shared value from other initiatives is that it is far more sustainable than simply writing a check, than more traditional philanthropy, according to Kathy. “We really believe that if you are going to be able to maintain over the long run in driving community investment and building healthy markets for your products and services, that shared value provides a framework by which you can do that,” she says in the video interview.
One of the most important elements of shared value is building strategic relationships. The world today faces some major social challenges that cannot be addressed by one stakeholder alone. Business, governments, and nonprofits need to work together to create organizations and communities where people can thrive.
Want to learn more about share value? Visit the Shared Value Initiative or read Kathy’s blog on creating shared value through local cluster development.
Tags: shared value, sr
In every sales training I have attended, this question is always posed to me: “You meet the CIO in the corridor, how do you get a meeting with him?” To be honest, there is not a huge difference in how you answer this question whether you are a start-up seeking an investor or the attention of a mentor.
Being a business mentor for both Cisco’s British Innovation Gateway and RAPTOR research and development project, I have attended a lot of start-up events and met a lot of business owners. When I meet people for the first time, I always ask them to tell me about their start-up or business. This is exactly the type of question the start-ups pitching for the IDEALondon competition will have to be prepared for.
Cisco opened the IDEALondon competition for start-ups attending the Wired Money event earlier this month. This event, a partnership between Wired UK and Cisco, introduced the innovators transforming finance in the digital age, brought together entrepreneurs reinventing the financial industry, and highlighted the trends and risks that will shape innovation and define the future.
Networking was a key component of the Cisco-Wired Money event
Tags: BIG, British Innovation Gateway, entrepreneurs
Cisco was recognized yesterday by the San Francisco Business Times as #6 on its list of Top Corporate Philanthropists in the Greater Bay Area.
Cisco has a long history of supporting the communities where its employees live and work.
For example, one of Cisco’s longest-running traditions is a special program for Bay Area nonprofits, which has offered Community Impact Cash Grants to carefully selected community organizations for more than a decade. In recent years, the grant amount has been set at $15,000 each for programs focused on K-8 education and health. Cisco employee volunteers drive every aspect of the grantmaking process – from evaluating the applications to performing site visits to identifying the strongest applicants from a large and worthy pool.
Cisco gave $12.3 million to Bay Area-based charities in fiscal year 2012.
Read more about our current grantees at csr.cisco.com.
Tags: Bay Area, corporate social responsibility, CSR