Cisco Launches $150M Canada Innovation Program

Cisco_logoCisco Canada (NASDAQ: CSCO) launched the Cisco Canada Innovation Program, an initiative to invest $150m (CAD$) to support and accelerate innovation in the country.

Cisco Investments, through a combination of investments in venture-capital funds, incubators and direct, plans to invest across a mix of technologies, businesses, and investment stages over the next 10 years.

The program will focus on investigating opportunities in areas such as cloud infrastructure, digital media, big data/analytics/information management, intelligent infrastructure and mobility and working with incubators to support to early-stage companies to stimulate industrial, service provider, and enterprise solutions.

Cisco currently has an active portfolio of USD $2B with over 80 direct investments around the world, and holds Limited Partner positions in over 35 funds globally.



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