To Nokia a good idea is worth a Million dollars (USD). They’ve just announced a million dollar venture challenge to encourage innovators to create a mobile product or service that raises the standard of living or enhances the lives of those in growth economies. The Growth Economy Venture Challenge is part of Nokia's global – Calling All Innovators competition announced recently at CES.

Announcing the Growth Economy Venture Challenge today at the conclusion of his keynote at CES, Nokia CEO Olli-Pekka Kallasvuo called on innovators to do good by bringing mobile solutions to parts of the world that can benefit most. At the same time he explained that mobile solutions can be quite profitable, but not exploitive, leading to financial “win-win” scenarios for both innovators and consumers.

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