VIENNA, May 29, 2015 – Today Cisco announced the five winners of the second Cisco Entrepreneurs in Residence (Cisco EIR) Program in Europe during the Pioneers Festival in Vienna. Cisco EIR is designed to support early-stage entrepreneurs working on the next big ideas in the Internet of Things/Everything (IoT/IoE), Smart Cities, Big Data/analytics, and other areas strategic to Cisco. The winners from Europe have undergone a rigorous multi-phase selection process, including a final pitch during the Pioneers Festival, focused on the viability of their business plans, the strength of the teams and their alignment with Cisco’s strategic focus on IoE.
The winners are:
The Cisco EIR Program, launched in the USA in August 2013 and in Europe, Middle East, Africa and Russia (EMEAR) in July 2014, aims to nurture early-stage startups working on the next big ideas for the Internet of Everything (IoE). Once on-board, each cohort of entrepreneurs spends six months in residence with Cisco and Cisco partners in Vienna. The Cisco EIR Program offers the successful startups the opportunity to build a strategic relationship with Cisco, access to co-working space and software, financial support and potential strategic funding from Cisco.
“Our goal with Cisco EIR is to create an environment that embraces strategic freedom while giving participating startups potential opportunities to collaborate closely with Cisco,” said Mala Anand, Senior Vice President, Cisco Services Platforms Group. “The first European EIR cohort has been a tremendous success and the program is gathering momentum, as evidenced by the fact that we received double the number of applications this year in collaboration with Pioneers. We are very excited to welcome the new five companies to EIR and look forward to our future collaboration.“