BIG will mark the start of a five-year effort to catalyse sustainable and scalable growth of innovative high-tech small and medium sized enterprises.
BIG will include two networked Innovation Centres – an open innovation centre in Shoreditch developed in partnership with the local SME community, and another at the Olympic Park providing a 'state of the art connected community' with special focus on developing and demonstrating a new wave of solutions for London and other cities.
These centres will be underpinned by state-of-the-art networked collaboration technologies linking innovation and technology centres across the UK and other global hubs of innovation.
Cisco anticipates that the BIG initiative will both support and sharpen Cisco's future capacity to make such investments in the UK over the next 5 years, and stimulate UK hi-tech innovation and growth.