Cisco Creates Tech Fund Separate from R&D Budget

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http://www.thevarguy.com – What’s a company already spending $5.5 billion on research and development in FY 2012 need with a separate fund to explore new technology ideas? Just ask Cisco Systems (NASDAQ: CSCO), which has allocated millions dedicated to the long-term development of innovative technology. According to a Cisco technology blog post, here’s the answer: Fully explored brainstorms, unseen on Cisco’s current radar, may turn into revenue-generating products and services for the vendor sometime down the line if allowed to germinate unencumbered. “The tech fund is there to allow senior technical talent, ou (IT news)