Cisco Systems announced in San Jose Oct. 14 that the company's massive I-Prize competition had ended with selection of a German-Russian team with a proposal to improve "energy efficiency by taking advantage of Cisco’s leadership in Internet Protocol (IP) technology." Two college students -- Anna and Niels Gossen, computer-science students at German universities -- plus Russian systems engineer Sergie Bessonnitsyn, will share in a $250K prize and may yet be offered Cisco jobs. Work apparently continues on planning the proposed business to use Cisco products and services for collaboration that produces increased "energy efficiencies." Details are considered proprietary and were not disclosed. The goal of the I-Prize competition was to find at least one business idea with the potential to earn $1 billion in revenue for Cisco, during a span of five to seven years. In July, Cisco's I-Prize leader, David Hsieh, told VNC he thought the I-Prize process could be replicated in Nashville, a city he has several times visited. Hsieh's regular post is director of marketing for emerging technologies. Stats: 12 finalist teams included a total 40 persons, with team sizes ranging from 1 to 10, and with finalists teams' members drawn from 13 nations on five continents. A third of the finalist teams originated in the U.S. At the beginning of the contest, there were nearly 2,500 persons from 104 nations, submitting 1,200 innovative ideas.
Tuesday, October 14, 2008
Cisco I-Prize results could inspire Nashville
Cisco Systems announced in San Jose Oct. 14 that the company's massive I-Prize competition had ended with selection of a German-Russian team with a proposal to improve "energy efficiency by taking advantage of Cisco’s leadership in Internet Protocol (IP) technology." Two college students -- Anna and Niels Gossen, computer-science students at German universities -- plus Russian systems engineer Sergie Bessonnitsyn, will share in a $250K prize and may yet be offered Cisco jobs. Work apparently continues on planning the proposed business to use Cisco products and services for collaboration that produces increased "energy efficiencies." Details are considered proprietary and were not disclosed. The goal of the I-Prize competition was to find at least one business idea with the potential to earn $1 billion in revenue for Cisco, during a span of five to seven years. In July, Cisco's I-Prize leader, David Hsieh, told VNC he thought the I-Prize process could be replicated in Nashville, a city he has several times visited. Hsieh's regular post is director of marketing for emerging technologies. Stats: 12 finalist teams included a total 40 persons, with team sizes ranging from 1 to 10, and with finalists teams' members drawn from 13 nations on five continents. A third of the finalist teams originated in the U.S. At the beginning of the contest, there were nearly 2,500 persons from 104 nations, submitting 1,200 innovative ideas.
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