LONDON Mobile phone maker Nokia is investing what analysts suggest could be £40 milliion (about $75 million) in a joint venture with Cambridge University on projects that will focus on nanotechnology initially.
As part of the deal, the Finnish company plans to establish a nanotechnology research centre in the city and over time move some of its researchers from Helsinki to Cambridge.
Nokia Research Center (NRC) is set to establish the facility at the University's West Cambridge site where it is expected to collaborate with several departments; initially the Nanoscience Centre and Electrical Division of the Engineering Department.
Nokia said it would base about ten people at Cambridge. The agreement is intended to be long-term and the number of Nokia researchers at the University is set to rise over time.
Commenting on the agreement, Bob Iannucci, Nokia senior vice president and head of NRC, said: "This is the third partnership with a world-leading research institution NRC has announced in the last eighteen months. Such open collaboration is central to NRC's strategy, because it enables us to bring together some of the leading researchers in our fields of interest and to benefit from each other's different backgrounds and perspective."
Nokia has three sites around the world looking to exploit nanotechnology for next generation mobile devices, with two already being set up in the U.S.
As well as working with the university in Cambridge, Nokia hopes to collaborate with some of the pioneering companies in and around the city's science parks and help to create new ones which will be spinouts from the nano center.