In reply to Lee Calcote.

Thanks for the question, Lee. Cisco EIR is designed to support early-stage entrepreneurs working on the next big ideas in the Internet of Things/Everything (IoT/IoE), Smart Cities, Big Data/analytics, and other areas strategic to Cisco. Entrepreneurs selected to participate receive support from and introductions to business groups within Cisco, access to co-working space, and mentoring from industry experts. In the years since EIR began, Cisco has only acquired two EIR graduates, a small number of the successful graduates of the EIR program. The focus of EIR is on providing startups with the mentoring and collaboration geared towards bringing ideas to reality.