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Putting Cisco Entrepreneurs in Residence into High Gear: More Startup Innovations for the Internet of Everything

Cisco’s leadership in the emerging market for the Internet of Everything (IoE), Smart Cities and Big Data/analytics rests on our ability to harness the technologies and business models of our global partner ecosystem – especially those of early-stage startups who are building truly disruptive capabilities for the future. I previously shared my vision of Cisco Entrepreneurs in Residence (Cisco EIR) pioneering new ways for Cisco, already a successful innovator in the global IT space, to collaborate with innovative entrepreneurs in shaping the emerging technologies that will redefine our industry and change our lives. Since then, six startups joined our first incubation track last spring in Silicon Valley and began collaborating closely with Cisco business and engineering groups to co-create solutions for Cisco’s customers and partners. I shared various updates in the following months about the EIR program’s exciting milestones adding co-incubation partners across the US, taking the program to Europe and selecting the first startups to join our program there.

Today, I am pleased to share two more milestones marking the continued success of our open innovation strategy at Cisco, with Cisco EIR helping to lead the way.

Cisco EIR Demo Day 2014

On December 8th, 2014, we celebrated the successes of the startups in our inaugural cohort with our first Cisco EIR Demo Day (photos) a gathering of over 100 attendees, including Cisco business and technology leaders, VCs, partners and others from the Silicon Valley startup community.

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Accelerating open innovation on all fronts at Cisco

I introduced Cisco Entrepreneurs in Residence (Cisco EIR) earlier this year as a cornerstone in our strategy of embracing open innovation at Cisco. I also shared how we were extending Cisco EIR and open innovation across the US through local incubation partners, and I announced the launch of Cisco EIR in Europe. Now I would like to share updates on the great progress we are making with Cisco EIR as a catalyst of open innovation at Cisco.

Startups Selected to Join Cisco EIR in Europe

Last week we were excited to announce the six startups that will be joining our Cisco EIR program in Europe at the Pioneers Festival in Vienna. The six winners – innovating in the areas of Smart Cities, Internet of Everything (IoE)/cloud and Big Data/analytics – were chosen through a rigorous multiphase selection process conducted in collaboration with Pioneers. More than 350 applicants from 39 countries applied to join Cisco EIR Europe, with 15 finalists pitching live at the Pioneers Festival in front of Cisco experts and our European partners. Winners were selected based on the viability of their business plans, the strength of their teams and their alignment with Cisco’s IoE vision and strategy.

We were impressed beyond our expectations by the vision, passion, talent and technology of all 15 finalists. These startups made us more excited and convinced than ever that Europe was the right platform to discover and nurture the next generation of disruptive ideas for our industry and for Cisco.

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Internet of Things World Forum 2014 – Why, What, Who and How #IoTWF

The Internet of Things is Here and Now. Looking outside of Cisco you can see this in the many and accelerating IoT companies that have been purchased this year – Google’s acquisition of Nest Labs, Facebook’s acquisition of What’s App, and many more.   Internet of things has been around as a term since about 1999, however, its recent popularity is due to a few emerging trends.  In the consumer space there’s been wide adoption of connected products such as smart thermostats and intelligent pedometers.  In larger organizations, we’ve seen the rise of BYOD and M2M – both predecessors to IoT. 

To further accelerate the transition towards IoT and build the ecosystem, we are once again bringing together the best and brightest who are working on, and using these technologies.  That is why, in October 2014, Cisco is hosting the Internet of Things World Forum in Chicago.

IoTWF Jaishree Blog

Internet of Things World Forum – Why?

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The Internet of Everything in Business: a Roundtable Discussion

Yesterday afternoon, Cisco hosted an “Internet of Everything in Business” roundtable discussion–featuring executives from Stanley Black & Decker, AeroScout Industrial, salesforce.com and FH Celebration Health–which spotlighted how the Internet of Everything (IoE) is fueling transformative business outcomes and results … Today! In the session, our panelists discussed ways they are actually acquiring some of the $14+ trillion of global, private-sector value-at-stake estimated by Cisco to be available with IoE by 2022, and included real-world examples illustrating manufacturing and healthcare industry benefits.

Honing in on the panel portion related to my beloved industry, manufacturers are really leveraging IoT to improve operational efficiencies and productivity with reduced downtime, to accelerate to market faster and with new IoE-based Product-as-a-Service business models, and to drive more flexibility and agility into their supply chain operations, just as I’ve been referencing in recent blogs.

Yesterday’s panel representatives from Stanley Black & Decker and AeroScout Industrial provided highly repeatable manufacturing use case examples describing how they are already achieving benefits today, as well as helping their customers to capture value with IoE. Utilizing location based services, real-time productivity and work-in-progress (WIP) monitoring, manufacturing businesses are seeing a strong return on investment and improved safety and security in the workplace.

IoE MFG blog

Above, catch the roundtable–recorded live from Chicago–and learn amongst those IoE use case examples how Cisco Systems and AeroScout Industrial partnered to implement a productivity-and-throughput-driving solution at a Stanley Black & Decker (SB&D) plant in Reynosa, Mexico. And keep your eye on the Cisco IoE blog channel early next week for my deeper dive on that very real, high-impact, highly replicable SB&D customer case study. Thanks for reading!

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Open Innovation Everywhere: Extending Cisco Entrepreneurs in Residence to Innovation Hubs across the U.S

Back in March, I wrote about Cisco’s continued focus on innovation and my personal goal of accelerating innovation by making openness part of our DNA. Similarly, at the recent Cisco Live event in San Francisco, I talked about the incredible Inertnet of Everything (IoE) journey in front of us and offered a few examples of what that future might hold. The IoE future of hyper-connected devices, people, data and processes will see retail, manufacturing, public services and health care fundamentally changed—and our lives made richer and safer. Today, we stand at the dawn of a revolution, and innovation will continue to lead the way.

With both internal and external programs to feed innovation, Cisco aims to nurture disruptive ideas. In this light, we are using our new startup innovation program, Cisco Entrepreneurs in Residence (EIR), to spur open innovation and drive Cisco’s own leadership position in the emerging IoE opportunity.

The Entrepreneurs in Residence program offers financial support, access to a co-working space, basic software tools and a potential opportunity to collaborate with Cisco product or engineering teams. Each cohort lasts six months, and startups are selected through a rigorous multi-phase selection process that evaluates the viability of their business plans, the strength of their teams and their alignment with Cisco’s strategic focus.

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