After investing $250 million by Microsoft in Nokia asking the company to go with its Windows Phone, the software giant together with Finnish mobile maker are announcing today that they will each invest upto 9 million euros (about $11.9 million) into a new “AppCampus” Finland-based mobile app development program at Aalto University for the period of three years.
Starting in May 2012, AppCampus is intended to attract thousands of application proposals from students and entrepreneurs from all over the world. Aalto University will make a significant contribution to the project by providing premises, coaching services, and access to both academic and business networks for budding app developers.
“AppCampus offers an unprecedented opportunity for entrepreneurs to put their ideas into practice and create world-class mobile products,” said Klaus Holse, president, Microsoft Western Europe. “We want to turn a new leaf in the mobile industry and foster Finland’s role as a center of excellence for mobile technology. Such investment into early-stage concepts has rarely been seen in this sector, and this demonstrates how highly both Nokia and Microsoft value Finnish mobile expertise.”
“We are proud to announce this new program, which will enable new and existing developers to create next-generation mobile apps and unique user experiences,” said Kai Oistamo, executive vice president, Nokia Corp. “The partnership will allow developers to ideate and monetize business opportunities globally, via both Windows Phone Marketplace and Nokia Store.”