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2009-05-06 11:00:00 CEST 2009-05-06 11:00:02 CEST REGULATED INFORMATION Technopolis - Company AnnouncementNokia to Release Ideas and Innovations to Finnish ICT companies; Unique Initiative to Recycle Innovations Coordinated by Technopolis and Funded by Finnish Government and CitiesTechnopolis 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 Distribution: NASDAQ OMX Helsinki Major news media www.technopolis.fi |
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