Tuesday 10 July 2012

Incubator Program-Nokia

Nokia Bridge: Nokia’s Incubator Gives Departing Employees €25k And More To Pursue Ideas That Nokia Has Not

Nokia may still be fighting some pretty major fires on its burning platform, but it's also building some bridges -- namely the Nokia Bridge incubator program -- to help those running from the flames, with financing of up to €150,000 ($185,000) to pursue new startups, before they've even paid a visit to VCs and angel investors.The activities in Nokia Bridge are a small but encouraging counterpoint to the fairly-constant, grim updates on the state of the Finnish mobile company, once the world's biggest by a long shot, and now under the gun with falling handset sales and dwindling cash reserves as it struggles to compete against the Apple/Android smartphone juggernaut. It's understood that there are already some 100 companies in the incubator -- dozens in the UK alone -- although Nokia has not published a list of them anywhere. Jolla, the startup formed by ex-Nokia execs that will try to give MeeGo phones another shot, is one of them. read more..

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