Cisco’s new $150M innovation program to back start-ups, entrepreneurs

TORONTO – Cisco Canada will invest $150 million over the next ten years to help entrepreneurs and start-ups support and accelerate innovation in Canada.In an announcement made with Finance Minister Joe Oliver at the Toronto Region Board of Trade, Cisco unveiled the ‘Cisco Canada Innovation Program’, which it says will actively engage with investment partners and start-ups to mentor and develop new leaders and innovators. The program’s key areas include:- Direct Technology Sector Investment: will investigate opportunities in areas such as cloud infrastructure, digital media, big data/analytics/information management, intelligent infrastructure and mobility;- Venture Capital Investment: will drive the innovation engine in...