Cisco offers to lend cities enough cash to buy its IoT gear

Cisco Capital has teamed up with a bunch of other sources of cash to launch the City Financing Acceleration Program.
The apparent purpose of this program is to front up the cash to local authorities keen to become Smart Cities. Apparently smartening an entire city’s worth of infrastructure involves fairly hefty capital outlay and that’s putting some cash-strapped councils off taking the plunge. So Cisco has decided to go down the financing route to kick-start the market.
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