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
When you hear or see the term innovation, what does it make you think of next? Is it a start-up, a product, a large corporate — or something else?
The term innovation is overused so much in today’s business world that I am getting tired of reading about it. People have included the word on their LinkedIn profiles “…I am an innovative individual…’’
Are you, really? What have you done that proves this statement? What new business venture have you started, or new product did you invent?
Read More »
Tags: Big Ideas, creativity, Entrepreneur, Information and Communications Technology, innovation
It’s incredible to think that we are only a month away from closing entries for this year’s BIG Awards. This is the second BIG Awards competition we have run in the UK since the British Innovation Gateway programme was announced in January 2011 by Cisco Chairman and CEO John Chambers and Prime Minister David Cameron.
The annual open innovation competition identifies and offers financial and mentor support for the next generation of the UK’s digital entrepreneurs and startup companies.
It seems like yesterday that we were at the top of the Gherkin, launching this year’s competition and hearing about the great progress that last year’s winners – Snap Fashion, Digital Shadows, and Six 3 – have made over the past 6 months. Now the sun has come out (briefly), the football season is over, and we start to think about summer and the announcement of our 20 short-listed semi-finalists.
Read More »
Tags: award, BIG, British Innovation Gateway, Entrepreneur, innovation, United Kingdom
Once again, we’re preparing for the exciting Cisco British Innovation Gateway (BIG) awards. Here’s some guidance about the on-going competition – to stimulate some thoughts around this year’s opportunity to recognise Britain’s entrepreneurs.
It’s amazing when I think back to when the BIG awards where first discussed, as apart of our legacy around Cisco’s involvement in the London 2012 Olympics. We are now into our second year, and trying to be as balanced as I can be, it has been a very beneficial journey for all concerned. Read More »
Tags: British Innovation Gateway, Entrepreneur, innovation, start ups, Tomorrow Starts Here
Today, the term Entrepreneur is used freely by a lot people, typically to describe someone who has started their own business or launched multiple new ventures. Since being a part of the Shoreditch tech scene, I’m now starting to understand the unique characteristics of people that can best be described as “entrepreneurial” — and then letting my mind wander back into my own life experiences.
Read More »
Tags: Consumerization of IT, culture, Digital Britain, Entrepreneur, innovation, Intrapreneur