Tag Archive for funding

A new platform for funds & mentorship for Australian startups called Slush Down Under

Posted on October 16, 2014 by

Slush Down Under

Enterpreneurs & startups in Australia now have yet another platform to raise funds or get their businesses mentored.

‘Slush Down Under’ is an event that not only provides business building ideas, but also provides a platform to meet up with some of the biggest investors in the world.

Slush Down Under, to be held on April 22, 2015, features a conference, exhibition & pitching competition. The event aims to provide the next generation of emerging technology companies with the opportunity to present their products to, & network with, an audience of over 300 VCs, Accelerators, Angels, corporate executives, prospective customers, partners and media. The event is coordinated in collaboration with the organizers of Slush, Northern Europe’s largest tech startup event.

The pitching contest will see seed & growth stage startups competing to win an all-expenses paid trip to Northern Europe’s largest tech start-up event, SLUSH in Helsinki – with guaranteed investor pitch, demo booth, & pre-arranged 1-to-1 investor meetings with some of the biggest VCs in the world. Tech startups from all over Australia may apply, & if chosen, qualify for the 10 available pitching spots at Slush Down Under.

Slush Down Under is for:

  • Entrepreneurs looking for ideas, mentorship & money to grow their business
  • Innovators who want to understand the next big technology trends
  • Investors & Accelerators looking for The Next Big Thing Corporate/End Users, Policy Makers, IP Lawyers & Media

 

Image Credit: Slush Down Under

 

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Cisco announces additional US$ 40 mln for early stage startups in India

Posted on June 23, 2014 by

This press release has been published as it is without any editing.

MUMBAI, India, June 23, 2014 – Cisco Investments, the venture capital arm of Cisco, today announced an additional allocation of USD $ 40 million to fund early-stage firms in India under the ‘India Innovation theme’. The new funding allocation builds on Cisco Investments’ momentum in India and is focused on product and technologies that are unique and relevant to India and other emerging markets, including cost optimized designs, industry vertical solutions and application of cloud. As part of the India Innovation theme, Cisco also announced its first investment under this theme in Covacsis – a Mumbai-based real-time analytics platform software provider catering to manufacturing production floors.

Today’s investment theme announcement underscores Cisco’s commitment to India and marks a new phase of support for innovation in India, aligned to the country’s national transformation agenda. The venture investment in India is consistent with Cisco’s long track record of driving IT market growth through investment in the innovation economies. Over the years Cisco has been an active equity investor in India, and has made significant strategic investments in growth stage companies such as Netmagic, Apalya and social innovation funds like Aavishkaar.

Cisco Investments’ existing portfolio is over USD $ 2 billion worldwide and the USD $ 40 million early stage allocation under the India Innovation theme is a part of the USD $ 250 Million that was announced earlier in the year focused on next generation technologies globally, including big data & analytics; the Internet of Things (IoT); connected mobility; storage; silicon; and content technology ecosystem. Cisco invested in MobStac, a Bangalore based start-up company, as part of its global connected mobility theme.
The strategic investment philosophy of Cisco Investments has evolved over the years. While the company will continue its nearly 20-year history of strategic investing focused on Cisco’s existing core businesses, the launch of the thematic investing approach extends this perspective to support companies who have innovative ideas that will shape the overall global networking ecosystem in the future.
Besides contributing capital to early-stage companies, Cisco Investments helps accelerate the development of these companies by connecting them to expertise and resources such as Cisco IT, Cisco’s business leaders and Cisco’s network of partners and customers through major industry events, such as the annual Cisco Live.

Dinesh Malkani, President, Sales, Cisco India and SAARC: “Cisco’s belief is that the innovative application of technology can have a positive impact on India’s competitiveness, diversification of its industry base, its ability to create jobs and improve quality of life for its citizens. Today’s announcement underscores Cisco’s recognition of the tremendous innovation and potential that the India technology market offers. Our objective is to help catalyze and accelerate that potential into action that will have a positive impact in India and globally.”

Joydeep Bose, Managing Director, Corporate Development, Cisco Asia Pacific & Japan :
“India is committed to rapidly building out its communications infrastructure, which presents a unique opportunity for local entrepreneurs to develop new technologies and applications. As a leading strategic investor, Cisco Investments is committed to support the building of entrepreneurial capacity and nurture the local early stage startup eco-system in India. By spurring and accelerating technology innovation, we want to help India evolve as a global hub for innovation and help Cisco become a defining player in taking technology investment in the region to the next level.”

About Cisco
Cisco (NASDAQ: CSCO) is the worldwide leader in IT that helps companies seize the opportunities of tomorrow by proving that amazing things can happen when you connect the previously unconnected. An integral part of the company’s DNA lies in creating long-lasting customer partnerships, working with them to identify their needs and providing solutions that support their success. John T. Chambers is the Chairman and Chief Executive Officer of the $48.6 billion company, which has over 73,000 employees globally. For more information about Cisco, visit http://www.cisco.com.

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