MANILA, Philippines - Cisco recently announced the Internet of Things Innovation Grand Challenge for startup businesses.
This global open competition aims to recognize, promote and accelerate the adoption of breakthrough technologies and products created by startup businesses that will contribute to the growth and evolution of the Internet of Things.
Through the challenge, Cisco seeks to inspire and support the next generation of entrepreneurs and startups that are developing technologies in areas of applications, analytics, management and connectivity.
Submissions are until July 1 at www.cisco.com/go/iotchallenge with the winners of the competition selected during 2014 Internet of Things World Forum in Chicago.
The top three winners will share $250,000 in prize money that can be used to jumpstart new and existing businesses that contribute to the Internet of Things industry.
In addition to the cash prizes, Cisco will also provide winners with mentoring, training and access to business expertise from Cisco and other supporting organizations.
The winners will also be provided with the opportunity to develop, test and pilot new technologies, plus potential investment and partnering opportunities in the future.
In ASEAN, the startups will also have mentoring from the Enabling Platform Innovation Center (EPIC) team (with guidance available in local languages) with the opportunity to have their submission showcased at Cisco’s regional headquarters in Singapore.
The EPIC is a technology center designed to help showcase innovative technologies in Asia to customers and partners in the region.
“The Internet of Things Grand Challenge serves as a platform for innovative Filipino entrepreneurs to leverage their talent and creativity to come up with revolutionary ways to secure the Internet of Things,†said Mario Luis Castañeda, Cisco country manager in the Philippines.