Monday, June 28, 2010

Mexican Students Win Cisco's $250K Global I-Prize Innovation Prize

A team of five university students from Mexico were awarded Cisco's second I-Prize competition, an open, global innovation contest developed to encourage collaboration among entrepreneurs and help identify new potential billion-dollar business ideas for Cisco. The winners receive a cash prize of $250,000.

The students from Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM) developed the concept of a "Life Account" that combines social networking with the "Internet of Things" to help bridge user activities in the physical and virtual world to create one view of the users "life".