The winner of the USD 1 million Nokia Growth Economy Venture Challenge has been announced
Nokia's Calling All Innovators competition has always been designed to inspire creativity and change. This year, Nokia took the competition to a whole new level with the Growth Economy Venture Challenge.
The winner was announced on 15 September at the Nokia Developer Summit in London. Congratulations to Virtual City Ltd from Kenya!
A panel of experts judged their submission - Mobile Distributor Solution, which supports small and micro enterprises in emerging markets - to be the worthy winner. John Waibochi of Virtual City Ltd receives a USD 1 million in venture capital investment and a commitment of support from Nokia to help turn the idea into reality.
In the Growth Economy Venture Challenge, developers were required to submit their best idea for a new mobile product or solution designed to improve the lives of people in the developing world. Judges looked for one idea that has risen above the rest, an idea that changes the way people use Nokia mobile devices, demonstrates how mobility can radically improve the lives of people who reside in areas where the average income is under USD 5 / day, or an idea that recognizes a good business opportunity that also contributes to "doing good" in the world.