Cisco has set up a $100m initiative to support Italian startups and provide training to students and teachers in the country.
US-based networking equipment maker Cisco announced a three-year, $100m initiative yesterday to invest in Italy-based technology startups and offer training to students and teachers through its Cisco Networking Academy.
Cisco will identify potential investees with the help of Invitalia Ventures, a venture capital firm owned by the Italian government’s National Agency for the Attraction of Investments and Enterprise Development.
Invitalia raised $56m for a technology fund in October 2015, though it has not revealed whether Cisco is backing the…
