Wednesday, May 30, 2012

Nokia Siemens Networks Backs Verso Spin-off Fund

Nokia Siemens Networks is the first investor in a new Verso Spin-off Fund which will provide initial financial backing for spin-offs that are not core to NSN's product strategy.

Nokia Siemens Networks aims is to get other large companies as investors, thus helping the creation of new businesses in Finland. Several parties have advised on the creation of the new model, including the Ministry of Employment and the Economy, the Aalto University Center for Entrepreneurship, and Finnvera, which is a potential investment partner.