The Internet of Everything (IoE) is not only disrupting traditional business models, it is also disrupting innovation itself.
While the focus at this week’s 2nd annual Internet of Things World Forum (IOTWF) here in Chicago is on capturing the accelerated opportunity of connected things, we believe there is even greater opportunity with the Internet of Everything: the networked connection of people, processes, data AND things. IoE is already transforming business outcomes, but in order to capture the full potential of its $19 trillion economic opportunity we will need to cultivate new skill sets and ways of thinking by both established organizations and 21st century entrepreneurs.
This, in turn, requires new types of collaborations and investment mechanisms among industry, government and academia to incubate innovative ideas and turn them into commercial, scalable solutions for the betterment of society.
I am very proud of one such exemplary collaboration between the Cisco Entrepreneurs in Residence (Cisco EIR) program, led by Mala Anand, SVP of Services Platforms (“Open innovation: Harnessing the ideas, talent and passion of the startup eco-system”), and the Chicago Innovation Exchange (CIE), a startup incubator affiliated with the University of Chicago, Argonne National Laboratory and other leading technology organizations in the greater Chicago area. This partnership, announced last April, aims to support the most promising early-stage startups in the region that are focused on game-changing IoE and Smart Cities solutions by bringing the expertise and resources of Cisco and CIE in a co-incubation environment.
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Tags: chicago innovation center, Cisco, Cisco Entrepreneurs in Residence, ciscoeir, entrepreneurs, entrepreneurship, innovation, Internet of Everything, internet of things, Internet of Things World Forum, IoE, IoT, IoTWF, Mala Anand, startups, Wim Elfrink
There is no limit to innovation. Cisco has embraced that idea for more than three decades with our build, buy, partner and integrate growth strategy. Part of that strategy is investing in order to gain insights and drive new innovation. True to that spirit, we have just announced the next evolution of the Cisco Investments platform and a set of investments in support of an exciting new investment theme. These announcements build upon the foundation of our current $2 billion investment portfolio, which fuels innovations across many domains and geographies.
In addition to our primary strategic investment activity, we are also allocating $150 million in theme-based investments over the next three years to explore new, disruptive markets, including: big data/analytics, Internet of Things (IoT), connected mobility, advanced storage, silicon, content technology ecosystem, and India innovation. The $150 million in funding builds on our previously announced $100 million plan to invest in IoE-focused starts ups and funds.
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Tags: business development, Cisco Investments, Corporate Development, entrepreneurs, Hilton Romanski, Internet of Everything, internet of things, Investments, IoE, IoT, startups
By Ged Fitton, Guest Blogger
The British Innovation Gateway (BIG) is a great Cisco-led initiative to foster innovation and entrepreneurship in the UK. A great part of my work on BIG involves the support of IDEALondon – Cisco’s innovation centre -- and its start-ups. And I have to say I’m always impressed with the enthusiasm and determination of companies to think outside the box, and challenge the status quo. It’s a fantastically exciting space to work in. In my role of helping companies monetise their innovation, I thought I’d share a few tips on how not to fall into the traps that I’ve seen many start-ups fall into. Read More »
Tags: BIG Awards, British Innovation Gateway, entrepreneurs, iPrize, marketing, UK
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
By Jason Kohn, Contributing Columnist
There’s plenty to love about Jamaica: the weather, the food, the music, the gorgeous beaches and mountains. But there’s one area where, according to one study at least, Jamaica is lagging behind: information technology.
This shouldn’t necessarily surprise. While some Latin American countries, especially Brazil, Chile, and Argentina, are seeing significant economic and IT growth, investment in the Caribbean is growing much more slowly.
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Tags: broadband, caribbean, economic development, entrepreneurs, ICT, Jamaica, start ups