Cisco Commits $100 Million to Drive Digital Transformation & Startup Ecosystem in Italy

Cisco Commits $100 Million to Drive Digital Transformation & Startup Ecosystem in Italy Image Credit: Cisco

Cisco announced a series of strategic commitments in Italy that will total $100 million over the next three years to help the Italian government drive digital transformation in the country and to build a startup ecosystem, among other initiatives.

As part of the program, it has signed an initiative with Italy's Ministry of Education, University and Research (MIUR) to provide training to teachers and students through the Cisco Networking Academy and to expand the program to equip people with the skills with courses focused on industry 4.0 and cybersecurity technologies. Cisco also signed R&D collaboration with Italian universities to accelerate digital transformation in two industries - manufacturing and agrifood business. 

Cisco will also be working with Invitalia Ventures, a national venture capital firm to invest in the development of the best national startups and encourage hi-tech innovation in Italy. 

Chuck Robbins, Cisco CEO
Through our increased investments, Cisco will develop an ecosystem of talent, entrepreneurship and innovation to accelerate Italy's digital journey and help them realize the unprecedented opportunity ahead.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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