Nokia pledges $1m to ideas to help the poorest

Nokia has said it will provide $1m of funding to the developer comes up with a mobile product that helps improve the life of the poorest citizens in the world. Olli-Pekka Kallasvuo, Nokia's CEO, made the pledge during his keynote address at the Consumer Electronics Show (CES) in Las Vegas. "We've seen what the tech community can do when it focuses on problems that are also opportunities. The competition is open top hardware and software designs, with the winning idea being chosen by a panel of Nokia staff and private venture capitalists. Entrants need to show that their idea would improve the lives of people earning less than $5 a day.