Nokia Corp. is to introduce $500M VC fund

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Helsinki, Finland--Nokia Corp. plans to start a $500 million venture capital fund. The fund, which will include investors such as Goldman Sachs & Co. and BMC Software Inc., will invest in global start-ups that make equipment and software for mobile telephone networks. Other mobile giants, including Qualcomm Inc., have recently launched venture funds. The moves underscore the VC community's wide-scale move toward investing in wireless start-ups.
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