John Chambers, in front of a live audience in Bangalore, presents Cisco’s On-Stage telepresence offering with executives “beamed in” from Silicon Valley. Check out the video here.

Cisco is also running an Innovation Prize competition where the finalists will pitch their ideas through the On-Stage service. The winning team will be hired by Cisco, receive a $250k signing bonus and other goodies like internal resources and funding to take their idea to market.  Updates on the competition, which is currently at the finalist stage, can be found on the I-Prize blog.