Microsoft, Nokia to put $24 million into app development for Windows Phone

Nokia and Microsoft have announced that each company will invest 9 million EUR (US$12 million) into a mobile application development program at Aalto University in Finland over the next three years. The new AppCampus program will focus on creating mobile apps for the Windows Phone ecosystem, but it will also produce apps for Nokia's S40 and Symbian-based phones. Students enrolled will be coached on commercialization of their ideas, and they will retain all of the intellectual property rights for the apps that they develop within AppCampus. The program starts in May and is expected to attract students and developers from around the world.