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July 10, 2012 03:20 pm GMT
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.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/CcMiHtH7JR0/
Nokia Bridge: Nokias 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.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/CcMiHtH7JR0/
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