Cisco Will Invest $100 Million In French Startups

TechCrunch

France’s Prime Minister Manuel Valls announced yesterday a thorough partnership with Cisco for the coming years. Among other things, Cisco CEO John Chambers said that the company is taking tiny steps to ramp up its investments in French startups, starting by investing $100 million in multiple French startups over the coming years.

There are two interesting tidbits behind today’s news. First, the agreement between Cisco and the French Government is not just about startups. The two entities will work together to educate 200,000 people when it comes to network infrastructure jobs. Other parts of the agreement include collaborating on cybersecurity, smart networks and smart cities.

In other words, dedicating $100 million to invest in French startups is a tiny part compared to the rest of the agreement. But it’s interesting to see that startup investment can be part of such a deal.

Second, while I don’t know who first suggested…

View original post 81 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s