Feature Article

January 30, 2013

Nokia to Invest $250 Million in Technology Startups

Recently, Nokia announced that it plans to invest $250 million in a new venture fund to promote mobile technology startups. This will be the third such fund for the Finnish phone maker via their Nokia Growth Partners firm (NGP), a global venture firm that invests in mobile hardware, startups, and digital advertising. According to its website, Nokia Growth Partners currently has $600 million under management.

Another way that Nokia sponsors technology development and startups is through its Nokia Bridge program, which helps fund former employees with an entrepreneurial spirit. The program, which started in 2011, helps people who have new ideas, but who need backing, which often leads to full funding and investments from venture capitalists and the like.

NGP offers “industry expertise, capital and an extensive network,” which helps spurs entrepreneurs to build “disruptive, industry-changing companies and take them to the global market.”

Nokia is seeking additional ways to stay competitive, and these investments are a part of that strategy. According to a report last December, Nokia will not hold the number one spot in the global cell phone business on an annual basis at the end of 2012—for the first time in 14 years. According the report, “Instead, Samsung is now the world's #1 mobile handset maker according to a new study from iSuppi.”

In a report that appeared on the same day by NewsEdge, it was announced that Nokia Growth Partners will continue to invest in high potential businesses within the mobile ecosystem in the U.S., Europe and Asia.

NGP also announced its expanded presence in China with the appointments of David Tang as managing director and Lu Guo as principal. NGP offices can be found throughout the US, Europe, India, and China.

Edited by Brooke Neuman

comments powered by Disqus

FOLLOW MobilityTechzone

Subscribe to MobilityTechzone eNews

MobilityTechzone eNews delivers the latest news impacting technology in the Wireless industry each week. Sign up to receive FREE breaking news today!
FREE eNewsletter
NT Easy Start Self-Service
FTTH is by far more challenging than xDSL due to its use of point-to-multipoint technology. This makes it harder for service providers to offer self-service solutions to the subscribers. Once an ONT is installed, it is not straightforward exactly where it is located in the shared PON covering a wide area and a large number of users. Therefore each and single ONT installation or replacement requires field dispatch to the subscriber home. ONT Easy Start is the solution to this challenge but also the means to increase customer experience.
Manage and Optimize the VoWi-Fi Experience
Demo showing the activation of the VoWi-Fi service on an iPhone that is attached to an untrusted Wi-Fi Access Point my means of the Motive UDM acting as a so-called "Apple the Entitlement Server". The activation of the VoWi-Fi service on an Android phone that is attached to an untrusted Wi-Fi Access point through a self-subscription portal. It also shown a basic VoWi-Fi call between an iPhone and Android phone after successful activation of VoWi-Fi service on both devices
IPv6 mobile network migration strategies
With most wireless devices all natively supporting IPv6 it makes sense for mobile operators to migrate their network. But which option impacts the network and users the least? Listen to the podcast.
Extending networks with full-packet long-haul microwave
Full-packet long-haul microwave systems reduce cost while improving performance. Compared to fiber, microwave offers faster time to market, lower cost, and greater flexibility. Listen to the podcast.
Deliver mobile network security for expanding 4G/LTE/Wi-Fi
The addition of untrusted Wi-Fi to all-IP, LTE networks makes them vulnerable to attacks. The Alcatel-Lucent 7750 SR Security Gateway is a scalable, cost-effective security gateway for today’s mobile network security requirements. Listen to the podcast.