Nokia Venture Challenge

Nokia's Calling All Innovators competition is trying to find the best big ideas for mobile applications.  And this year they are taking the contest to a new level by offering up a $1 million venture investment to the winning proposal that could change the way people use Nokia devices.

The winning proposal will meet the following criteria:

• It must include a clear mission statement; and provide a product or service plan that will undeniably raise the standard of living, and/or enhance the lives of people living in emerging market countries today.
• The initial target market must be located in a region with per capita income significantly lower than what is found in industrialized nations today (e.g., sub-$5 per day).
• It must include a viable business model that has a high likelihood of providing a strong return on investment for the venture funding provided.

In addition to the Venture Challenge Nokia is offering over $350,000 in cash prizes across a host of categories.  The Nokia competition is open to all mobile and web application developers worldwide.  Submissions are due 12:00 am EDT on June 10, 2010.