NGP Looks to Invest in Growth Markets
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WSJ By Lora Kolodny
[This is one in a series of profiles that will examine the strategies of corporations plugged into the startup community, whether through investments, acquisitions or partnerships.]
In January. Mobile phone maker Nokia committed $250 million to the company’s venture fund, Nokia Growth Partners, following a long period of cost-cutting, layoffs, and downward trending sales and stock prices.
Can investing in startups help Nokia get its groove back?