Australian start-ups - particularly in the mining sector - are in line for part of a $US100 million ($110 million) injection following the launch of an...

Australian start-ups - particularly in the mining sector - are in line for part of a $US100 million ($110 million) injection following the launch of an innovation fund by networking giant Cisco. The fund aims to provide a leg up to start-ups working in mobility, big data and machine-to-machine communications, all of which drive businesses to buy bigger and faster networks. The company believes such machine-to-machine communications - which it has dubbed the internet of everything - will be worth $US19 trillion over the next 10 years. Citing the runaway success of messaging app WhatsApp, Elfrink said it was possible local innovators incubated through the fund could achieve similar outcomes. Those developing applications for mining could lead the rest of the world, he said. In full here: (VIEW LINK)


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