Thursday, April 16, 2009

Cisco Opens Green Lab with China's Tsinghua University

Cisco has established a green technology research and development lab with China's renowned Tsinghua University. The lab which is co-led by the Electronic Engineering Department in Tsinghua University and the Cisco China Green Research and Development (R&D) Center will develop network-based technologies and solutions for intelligent urbanisation to support China's long-term strategy of green GDP growth, energy savings and emissions control.

In addition, as part of Cisco's prior commitment, the company today announced it will establish a Supply Chain Institute with Fudan University to support China's ongoing development through a jointly designed and delivered world-class educational program. The first of its kind for Cisco in China, the Supply Chain Institute will offer learning and development for leaders of Chinese companies, driving thought leadership in supply chain management and accelerating participants' ability to lead on a global scale.

Underscoring the strategic importance of China to its global operations and the company's determination to deliver on its US$16 billion multiyear investment, Cisco also said that it is committed to a "cultivated innovation" model aimed at boosting local innovation through capital, technology, process expertise, incubation resources and leadership investments. Cisco intends to allocate US$1 billion of its US$16 billion investment commitment, announced in November 2007 to support this new innovation model. This initiative is expected to underpin Cisco's collaboration with top universities and market-leading entrepreneurs to support programs to develop technologies for intelligent urbanisation, promote growth enterprises, and foster next-generation Internet development.