By investing in innovation and education, the technology company wants to help India harness the power of technology to launch a generation of problem-solvers
Cisco plans to invest $100m to help speed-up the next phase of digitisation in India which involves a drive to transform states and innovation in smart cities. The series of investments also include an allocation of $40m to fund early-stage and growth-stage companies in the country and train 250,000 students by 2020.
Forming part of the tech giant’s global Country Digitisation Acceleration or CDA program, it will see Cisco collaborate closely with state governments in India on strategic initiatives including the addition of six new innovation labs, three centres of expertise, funded university collaborations and skills investments.
“Digitisation goes beyond connectivity. The impact of digitisation is far-reaching, helping countries maintain global competitiveness, foster innovation and create jobs,” said John Chambers, executive chairman, Cisco. “Education and Internet are two equalisers in life. With our increased investments in education and innovation, we are harnessing the power of technology to launch a generation of problem-solvers who will innovate like technologists, think like entrepreneurs and act as social change agents.”
Cisco’s focus will be on enabling skills, next generation technologies such as security, cloud, and the Internet of Things as well as digital plays in smart cities, financial services, healthcare, and e-governance.
As part of its commitment to accelerate India’s digital transformation, the company will
expand the Cisco Networking Academy program to help India increase its pool of skilled technology professionals and expand its accessibility to education, research and technology.