Telecom Lead Europe: AppCampus, funded by Microsoft and
Nokia, has selected 30 best applications and committed 1 million euros in
investment as part of its global mobile application acceleration program.
AppCampus started operations in May 2012 in Espoo,
Finland.
During the first three months the program has attracted
more than 900 submissions from over 60 countries all around the world.
Pekka Sivonen, head of AppCampus at Aalto University,
said AppCampus has screened the first wave of application ideas. Out of these,
AppCampus selected 30 best applications and committed 1 million euros in
investment.
Aalto University, Microsoft and Nokia will invest
together up to 18 million euros over the next three years to fund innovative
and high impact mobile applications that utilize Windows Phone and additionally
other Nokia platforms. AppCampus supports the publication of applications on a
currently installed base of more than 500 million devices.
Apart from investing 20,000 – 70,000 euros per project, AppCampus supports the
admitted applicants with training, coaching and marketing as well as
marketplace qualification process. The program does not take equity or
commission from the investment. Successful applications are expected to be
available exclusively on Windows Phone and additionally other Nokia platforms
for the first six months.
