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CISCO Commits to Help Grameen Solutions Center (GSC) Project

In its endeavor to promote ICT entrepreneurship and innovation in emerging markets, Cisco® (NASDAQ: CSCO) pledged help to launch a rural business center pilot program and provide funding for three pilot business centers in Bangladesh. Cisco is the worldwide leader in networking that transforms how people connect, communicate and collaborate.

The signing of the final grant agreement took place in May 2008. The initiative will help finance and train qualified entrepreneurs to set up and run business centers in rural Bangladesh. The initiative is part of the ICT related micro-financing initiatives within the global “ICT Empowerment Network.”