Just in case some of you missed out on this.

Yesterday Cisco’s Wim Elfrink announced the launch of the I-Prize contest, where you can collaborate with anyone in the world, build a virtual team and pitch your idea to Cisco. The winning team will then get an opportunity to work with Cisco and get a sign-on bonus of about quarter million dollars.

I guess this is Cisco’s version of a mashup since John Chambers of Cisco is such a firm believer of web 2.0 and collaboration. Cisco has launched thisI-Prize contestto tap into the untapped human network that exists outside of Cisco’s orbit. (Hint: Human network is the current buzzword in Cisco.) If you have an innovative idea and itching to become an entrepreneur then Cisco, the networking giant wants to hear from you. They want you to help them make their next billion dollars.

Oh, Cisco employees and their family members are not eligible. You must be over 18 years of age.