Cisco announced the scheme, which will include funding for startups and VC funds, alongside a $150m fund to support an ecosystem for its Cloud Spark platform.
US-based networking equipment provider Cisco pledged on Tuesday to invest $500m in Germany over the next three years, a portion of which will consist of direct investments in venture capital funds.
The initiative, called Deutschland Digital, will assist the country with digitisation. Other areas to be funded will include specific digitisation and research projects, and the Cisco Networking Academy, which will be expanded along with the firm’s local human resources and infrastructure spending.
Cisco plans to boost its investment in…
