Nokia to give away 100 ideas for others to make money

May 6, 2009

News from Helsinki:******In a spurt of generosity, the world’s top cellphone maker Nokia plans to pass on to smaller Finland-based firms some 100 ideas for which it has not found any use in its core business, figuring the move could lead to new business opportunities for others.******”The current economic climate is just right for a critical evaluation of intellectual property portfolios and the release of the innovations that are more suitable for others to exploit,” Esko Aho, Nokia’s Executive Vice President for Corporate Relations and Responsibility and Finland’s former prime minister, said.******Some expect Finland’s economy to sink about 5 percent this year due to its heavy reliance on exports, and the country is looking desperately for new ideas to boost its economy.******Nokia itself is expected to recover from the market slump faster than its rivals, but it reported its first-ever quarterly pretax loss for the January-March quarter.******The new public-private initiative includes opening access to Finnish state investments for companies involved in the program. So far, some 300 firms have said they are interested in participating. Most of these firms are outside the IT industry — even a concrete foundry from Tampere, Finland’s third largest city, has said it would like to get access to Nokia’s bag of ideas.******Nokia’s Aho said it would be easy to see additional value from mobile services for the concrete foundry.******”With location-based services they can make sure the concrete is poured down at the right plot,” he said, adding that if all goes well, some of the ideas could end up with Nokia in the end anyway.******”It would be easy to see this river flowing also in the other direction,” Aho said. “It could well be that some idea lead to the situation where the result can later be added to Nokia’s offering.”******Smart thinking, right?


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What a great initiative, instead of letting those ideas go to waste, Nokia gives other companies the chance to make some money with them. If other companies follow Nokia’s example, we can develop many new products and boost the world economy quite substantially.

Posted by Nikkei 225 | Report as abusive

[…] [Via: Reuters] […]

Posted by Nokia to give away 100 ideas for others to make money | ZOMG its Cj | Report as abusive

Wait a minute…where did these ideas originate? Nokia sees many third-party concepts and proposals through its developer contests and inititives (e.g. Mobile Rules, etc.).Could some of those ideas now be passed along to further Nokia’s business interests without due compensation to the originating parties?There needs to be some transparency in this process. Nokia, be advised the developer community is watching closely…

Posted by Concerned Developer | Report as abusive