Do you remember the Cisco I-Prize contest, an open, global innovation contest developed to encourage collaboration among entrepreneurs and help identify new potential billion-dollar business ideas for Cisco? On June 29 2010, Cisco announced the winner of its second I-Prize competition. A team of five university students from Mexico submitted the winning idea of a ‘Life Account‘ that gathers information about users through connected devices in the physical world and online data available in the virtual world. The winners receive a cash prize of $250,000.

Cisco announces its second Cisco I-Prize contest. In this open, global competition entrepreneurs submit proposals and collaborate to create the seed idea for Cisco’s next billion-dollar business. Idea submissions should fall in one of four categories: The Future of Work: New solutions that accelerate and change the way we do business The Connected Life: Technological inspirations that dramatically improve living conditions and disseminate culture New Ways to Learn: Next-generation solutions that transform when, where, and how people learn. The Future of Entertainment: New solutions that change how people play together