Cisco Seeks Next Billion-Dollar Idea via I-prize
Cisco has launched a contest to find the next billion dollar idea.
The Cisco I-Prize is a global competition the company said is designed to help it find the next billion-dollar opportunity. The main requirement is that teams must use Cisco's collaboration technologies to develop their projects. The winning team will get an employment contract with a $250,000 signing bonus and up to $10 million in funding over three years to develop the business.
...one of the premises of the I-Prize contest is that ideas "have the potential to bring in at least $1 billion revenue to Cisco over a five- to seven-year period, and submissions must use the IP network as a platform."
Full news @ Internet News
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