Feeds

Cisco offers $10m prize in small biz bingo

Entrepreneurs and inventors required

The Essential Guide to IT Transformation

Cisco is launching a global contest to find great business or technology ideas.

The "I-Prize" will include the chance to help Cisco start a new business unit along with $10m in funding over the first three years. There is also a $250,000 signing bonus.

The prize was launched as part of the opening of Cisco's centre in Bangalore, India. The centre currently has 3,000 employees, but Cisco hopes to increase this to 10,000 by 2010. Cisco is working with Indian outsourcing firm Wipro to jointly develop service products.

Judges are looking for an idea that can generate at least $1bn in revenue over five to seven years. Criteria are likely to be similar to those Cisco uses to judge its own internal ideas. Entries must use the IP network in some way. It is open to anyone over 18 who is not a Cisco employee or has a family member who is.

Categories include: green tech, consumer electronics, data centre technologies, mobility and wireless, and new business models.

The website allows you to promote or demote ideas you like or dislike. Current contenders include: networked digital photo frames, wireless monitor cables, an online listing and rating system for doctors, and a plan to monitor pacemakers via Wi-Fi networks.

Applications must be in by 15 January. There follows a second phase for semi finalists to collaborate on refining their ideas until 29 February. Teams chosen for the final round will then have from 15 March until 30 April before presenting their ideas to the judging panel of Cisco staffers and "industry luminaries".

To get your application in, or to see some of the ideas that have already entered, go here. ®

Gartner critical capabilities for enterprise endpoint backup

More from The Register

next story
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?