Cisco has signed an MoU with the Andhra Pradesh government to set up an Internet of Everything (IoE) Innovation center in Visakhapatnam, reports Business Standard. The center will enable the company’s partners and startups to build IoT solutions and carry out rapid prototyping of products.
Other than this, Cisco will also invest in developing a Technology center of Excellence and a research lab in the Institute of Digital Technology at Tirupati, which will focus on smart cities, digital security and manufacturing solutions. Cisco will also collaborate with Andhra University in Vizag for a 12 month research program that will identify and help develop and customize various technological solutions for rural Andhra Pradesh.
In addition to this, Cisco will also expand its Cisco Networking Academy to 70 colleges, with the goal of training 10,000 new students in the state.
Andhra Pradesh IoT Policy: Earlier this month, the Andhra Pradesh government’s cabinet approved the Internet of Things (IoT) policy for the state for 2016- 2020. At the time, Palle Raghunatha Reddy, Minister for Information Technology said that “Our aim is to attract at least 100 IoT companies to set up their operations and development centres in AP.”
IoE Center Bangalore: In September 2014, Cisco and the engineering services arm of Larsen & Toubro, L&T Technology Services tied-up to set up an Internet of Everything (IoE) solutions centre in Bangalore, targeting the transport and mass transit industries. In July the same year, the company had signed a strategic agreement with Electronics City Industries Association (ELCIA) to set up an Internet of Things (IoT) Innovation Hub in the same city.
Cisco Jasper acquisition: Last month, Cisco acquired the IoT services platform provider Jasper for $1.4 billion. Jasper provides an IoT services platform and a ‘Control Centre’ software to manage these services. It enables enterprises to automate the management of IoT services across connected products such as cars, printers, home security, vending machines and others.
Cisco has been focused for a while on capturing the nascent IoT market. Its investment arm, Cisco Investments, currently claims to have over 50 IoT companies in its portfolio. In India, Ineda Systems, maker of low-power chips for wearable and IoT devices, raised $2 million from Cisco Investments in November 2014.