Cisco launches I-Prize for new collaboration technologies (USA)Cisco has announced the I-Prize, a competition to develop technology business ideas using Cisco’s collaboration products. Entrants will have their ideas run through Cisco’s process for identifying emerging technologies to take to market, and the winning team may have the opportunity to join Cisco as founders of a new emerging technology business unit. Depending on the value of the idea, Cisco may also invest up to USD 10 million over three years to fund the new business unit. Judges will consider both the technology innovation as well as the business opportunity behind the idea, with Cisco targeting IP-based products with the potential to generate up to USD 1 billion in sales within 5-7 years.
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