Dive Summary:

• Cisco Systems has announced that it is investing $1 million in a new incubation and research center that will host smart grid studies in Waterloo, Ontario, Canada.
• A ribbon-cutting ceremony was held Thursday morning for the facility at the University of Waterloo’s David Johnston Research and Technology Park.
• Srinivasan Keshav, a UW computer science professor, will take on the title "Cisco Chair in Smart Grid," studying improvements for storage and renewable resource technology for the grid.

From the article:

"... Cisco also announced it is providing $1 million over the next five years to establish a research chair in conjunction with UW to study new technologies for smart power grids.

The incubation centre will give local startups and students access to Cisco’s collaboration technology, expertise and global partner ecosystem, the company said in a news release.

Using this technology, students will be able to collaborate with university research parks and innovation centres around the world, Cisco said. ..."