Technopolis - Company Announcement

Nokia to Release Ideas and Innovations to Finnish ICT companies; Unique Initiative to Recycle Innovations Coordinated by Technopolis and Funded by Finnish Government and Cities

Technopolis Plc  Stock Exchange Release May 6th, 2009 at 12.00 

Nokia to Release Ideas and Innovations to Finnish ICT companies; Unique
Initiative to Recycle Innovations Coordinated by Technopolis and Funded by
Finnish Government and Cities 

Nokia, Technopolis and Tekes today unveiled the Nokia Technopolis Innovation
Mill, a ground breaking initiative to recycle Nokia's unused ideas and
innovations to selected Finnish ICT companies for further development and
exploitation. Prepared and launched in cooperation with several Finnish cities,
the initiative aims to match ideas with companies that will be able to develop
them into world-class products and services. 

Nokia's research and development efforts produce massive amounts of new mobile
innovations. Only a fraction of the ideas and concepts finally make it in the
market as part of Nokia's offering. Consequently, over the years, thousands of
potentially successful innovations have been shelved. 

This unique initiative to recycle innovations stems from the founding
organizations' commitment to strengthen the Finnish ICT sector and generate
new, internationally competitive businesses. The investments in the development
projects to be launched as part of the Nokia Technopolis Innovation Mill are
expected to total up to 8 Million Euros, including 4.5 Million Euros of public
funding. 

The three-year initiative is a joint effort by Nokia, Technopolis, Tekes and
several Finnish cities. Tekes, the Finnish Funding Agency for Technology and
Innovation, has granted a significant amount of the public funding. Technopolis
will coordinate the initiative and provide business development services to
support and enhance the funding effort. The participating cities add to the
funding with the aim of boosting the ICT sector in their regions. 

TECHNOPOLIS PLC

Keith Silverang
President and CEO
p. +358 40 566 7785

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www.technopolis.fi