Good ideas are a dime a dozen, or so the saying goes. But now a single good idea could be worth a million dollars.
Nokia has announced a million dollar venture challenge to encourage innovators to create a mobile product or service that raises the standard of living or enhances the lives of those in growth economies. The Growth Economy Venture Challenge is part of Nokia's global Calling All Innovators competition announced on January 7 at the Consumer Electronics Show (CES).
Announcing the Growth Economy Venture Challenge today at the conclusion of his keynote at CES, Nokia CEO Olli-Pekka Kallasvuo called on innovators to do good by bringing mobile solutions to parts of the world that can benefit most. At the same time he explained that mobile solutions can be quite profitable, but not exploitive, leading to financial "win-win" scenarios for both innovators and consumers.
"We've seen what the tech community can do when it focuses on problems that are also opportunities", Kallasvuo said. "We want to channel that energy toward improving lives in the developing world."
The Venture Challenge will consider any submission that enhances the target growth economy and also provides a potential return on the investment. The Venture Challenge is not limited to software or hardware that uses Nokia device or software platforms. In fact, as many emerging markets have varying degrees of mobile and Internet adoption, submissions can also expand beyond the mobile phone. As examples of innovations in growth economies, Olli-Pekka Kallasvuo spoke about several Nokia solutions and projects such as Nokia Life Tools, Nokia Tej and others that can be viewed at
http://theprogressproject.com/.
Read FUll Article -
http://www.floridatechnologyjournal.com/features/42-rokstories/275-...
You need to be a member of GAINnet to add comments!
Join GAINnet