Microsoft and Nokia to invest €18m in mobile app development
Microsoft and Nokia have confirmed they will be investing €18 million (£15 million) into a newly established mobile phone application development program at Aalto University in Finland.
Over the next three years, the firms will each invest €9 million in the AppCampus program to foster the creation of innovative mobile applications directly for the Windows Phone operating system.
Kicking off in May 2012, the Finland-based initiative will be led by the university that has a growing reputation as a hotbed for new start-up companies.
This move to compete in the growing mobile app market follows the recent announcement that Nokia is currently working on a tablet that will go head to head with the iPad and other such devices.
President of Microsoft Western Europe Klaus Holse added: "AppCampus offers an unprecedented opportunity for entrepreneurs to put their ideas into practice and create world-class mobile products. We want to turn a new leaf in the mobile industry."
Posted by Claire Marshall
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