Nokia Teams with Vision+ Fund

Nokia to collaborate with Vision+ innovation fund to foster application development for its ecosystem

August 31, 2011

1 Min Read

ESPOO, Finland -- Nokia announced today plans to collaborate with Vision+, an independently-run investment fund, focused on financing innovative products. Vision+ introduces a new funding model for venture investments where investments are made into product development projects with a clear target for market entry and commercialization. Nokia also plans to be an anchor investor in Vision+.

Nokia's investment in the new fund is part of an ongoing strategy to broaden application and games development for Nokia's ecosystem. Vision+ funded applications and games development projects for Nokia supported platforms, especially for Windows Phone platform, are targeted for receiving marketing and other commercial support activities from Nokia to support their market entry.

The fund's focus is to take a unique approach in match-making application development projects directly with customers, resulting in new innovations coming onto the market more quickly. In addition, product developers will create and preserve their own intellectual property, helping them to grow the value of their companies, while Vision+ will share product revenues. Vision+ is to fund applications and games for various platforms especially focused on Converged Gaming, Entertainment & Education and Preventive Health Care and Wellness. As Vision+ moves forward, it will look into expanding across other industries, exploring visionary product concepts in clean water and energy.

Nokia Corp. (NYSE: NOK)

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