27.03.2012

Microsoft and Nokia to invest millions in Aalto University in Finland

New AppCampus offers an unprecedented opportunity for entrepreneurs to put their ideas into practice and create world-class mobile products.

Each company will invest up to EUR 9 million over the next three years, starting this May. The programme will be managed by Aalto University, which has a growing reputation as a hotbed of new startup companies. AppCampus hopes to attract thousands of aspiring developers and entrepreneurs from across the globe. Aalto University will contribute to the project by providing premises, coaching services, and access to both academic and business networks for budding app developers.

“Finland is an early-adopter market, and the significance of national education and technology innovation is deeply rooted in our culture. As a result, there is a growing appetite for entrepreneurship among the younger generation at Aalto University and beyond,” Prime Minister Jyrki Katainen said at the programme’s launch event at Aalto Design Factory in Espoo.

According to Klaus Holse, president, Microsoft Western Europe, AppCampus offers an unprecedented opportunity for entrepreneurs to put their ideas into practice and create world-class mobile products. “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,” he said.

Nokia and Microsoft teamed up last year, with the mobile phone maker adopting the Windows Phone system as the main platform for its smartphones. Aalto University, whose main campus is located near Nokia headquarters, was established in 2010 through the merger of three other institutes of higher learning.

Sources: Yle, Microsoft, AppCampus