Cisco announces IoT ‘grand challenge’ for startups

  • Aims to realize, sell and accelerate adoption of breakthrough technology
  • Winners to be decided on at IoT meet in Oct; 3 get to percentage US$250K in prize cash

CISCO Inc has introduced the Internet of Things Innovation Grand Challenge for startup organizations, a worldwide open competition that objectives to recognize, sell and accelerate the adoption of step forward technologies and products.
 
Through the Internet of Things Innovation Grand Challenge, Cisco seeks to encourage and help the next technology of marketers and startups which can be developing technologies in regions of programs, analytics, management and connectivity, the agency stated in a statement.
 
Submissions could be normal from now till July 1 at www.cisco.com/pass/iotchallenge with the winners of the competition selected in the course of 2014 Internet of Things World Forum in Chicago.
 
Similar to the Internet of Things Security Grand Challenge that turned into currently announced by way of Cisco, 3 winners of the Internet of Things Grand Challenge for Startups will proportion US$250,000 in prize money that may be used to jumpstart new and existing agencies that make contributions to the Internet of Things enterprise.
 
In addition to the cash prizes, Cisco may even provide winners with mentoring, schooling and get entry to to business knowledge from Cisco and different helping establishments.
 
Cisco announces IoT ‘grand challenge’ for startupsThe winners may also be supplied with the opportunity to expand, check and pilot new technologies, plus capability funding and partnering possibilities within the future.
 
“We are already within the era of the Internet of Things and the timeline for its vast adoption is advancing as improvements are made every day in underlying technologies,” said Cisco Malaysia united states of america supervisor Albert Chai (percent).
 
“Advances in wi-fi networking era and the extra standardisation of communications protocols make it possible for information collection from devices, sensors, and packages thru a multitude of systems.
 
“This has unfolded more avenues and opportunities for innovators and technopreneurs to create and innovate at every time, everywhere and thru any device,” he introduced.
 
IoT World Forum 2014
 
Cisco also introduced the 2014 return of the Internet of Things World Forum, a worldwide event that it stated could unite thought leaders, business leaders and practitioners in business, enterprise, authorities and academia to accelerate the improvement of the swiftly emerging Internet of Things marketplace.
 
The 2014 Internet of Things World Forum could be taking region in Chicago, Oct 14-16, at the Hyatt Regency Chicago.
 
At the 2014 Internet of Things World Forum, attendees will see examples of ways the Internet of Things is changing industries international, and listen directly from folks that are changing it. Attendees may even hear predictions about how the Internet of Things will have an effect on the worldwide economic system, and the way it has the potential to cope with the various challenges the diverse markets currently face.
 
According to Cisco studies, over 50 billion devices may be linked to the Internet by 2020, developing extensive possibilities for the Internet of Things to convert corporations and industries by re-inventing enterprise approaches, operational efficiencies and customer service innovations.
 
These opportunities exist in markets which includes manufacturing, transportation, oil and fuel, utilities, healthcare, sports and enjoyment, authorities, schooling and retail.
 
Related Stories:
 
Disrupt: IoT to be a goldmine for app developers
 
Malaysia to craft country wide IoT blueprint
 
Government regulation key issue for IoT to bloom
 
Cisco academy programme hones in on IoT as APAC shortage looms
 
 
For greater era information and the modern day updates, observe us on Twitter, LinkedIn or Like us on Facebook.

Keyword(s) :
Cisco IoT Internet of Things Albert Chai
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Digital News Asia

Announcement: Cisco Innovation Challenge Winners - Pioneers Festival 2014

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