Media Alert: Applications for Cisco's Fall 2014 Entrepreneurs in Residence Program Now Open
SAN FRANCISCO, Calif., June 23, 2014 – Following Cisco’s inaugural Entrepreneurs in Residence Cohort in March 2014, Cisco is announcing that applications for the fall 2014 class are now open. As an innovation program Cisco® Entrepreneurs in Residence (EIR) supports early-stage entrepreneurs working on the next big ideas for the Internet of Everything, cloud computing, Big Data, analytics and other strategic areas for Cisco. Cisco Entrepreneurs in Residence is one of the innovation catalyst programs within Cisco that focuses on breakthrough innovation to help grow early-stage companies.
Who: Cisco is looking for 5 to 10 early-stage startups at their seed or Series A funding stage working on the next big ideas for the Internet of Everything, cloud computing, Big Data, analytics and other transformational technologies.
When: Accepted companies are expected to enroll by October 2014.
Where: Cisco headquarters in San Jose, California.
Each cohort spends six months in residence with Cisco, and startups are selected through a rigorous multi-phase selection process that evaluates the viability of their business plans, the strength of their teams and their alignment with Cisco’s strategic focus. The Entrepreneurs in Residence program offers financial support, access to a co-working space, basic software tools, and a potential opportunity to collaborate with Cisco product or engineering teams. The Entrepreneurs in Residence program works closely with Cisco Investments (Cisco’s venture capital arm) to explore equity investments when appropriate for the selected cohort companies.
Cisco Entrepreneurs in Residence launched its first cohort of entrepreneurs in March 2014. Five startups are currently in residence and collaborating with Cisco. They are: Crowdx, Inc. (http://www.crowdx.co), DGLogik, Inc. (http://www.dglogik.com), Pawaa, Inc. (http://www.pawaa.com), PetaSecure, Inc. (http://www.petasecure.com) and SecureWaters, Inc. (http://www.securewatersinc.com). More information about the startups can be found at https://eir.cisco.com/entrepreneurs.html.
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