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Nokia Foundation

Full company profile

uuid002r2tk

Namestring
Nokia Foundation
Legal namestring
Nokia Foundation
Company typeenum
Private
Founded yearint
1995
Descriptiontext

Nokia Foundation is a Finnish charitable foundation established in 1995 to support the scientific development of information and communications technologies (ICT) and to promote education in the sector in Finland. The foundation operates as a grant-giving and scholarship body, funded by an endowment associated with Nokia, and disburses financial awards to doctoral students, postdoctoral researchers, visiting professors, and ICT educators. It does not develop technology products; its core deliverable is capital allocation to the Finnish and international ICT research ecosystem.

The foundation administers approximately ten grant programs covering the full academic lifecycle: Nokia Scholarship for doctoral candidates, Fulbright-Nokia and Fulbright Junior Scholar for US-based scholars, France-Nokia Chaire d'Excellence for French scholars, Tutkijat maailmalle and Jorma Ollila Grants for international research exchanges, Nokia Visiting Professor and Nokia Foundation Fellow for established researchers, and the Nokia-OKKA Educational Recognition Award for ICT educators. Grant sizes range from approximately EUR 5,000 for individual scholarships up to EUR 50,400 for Fulbright-Nokia Distinguished Chairs. In 2009 the foundation awarded 77 scholarships totaling EUR 385,000, and in recent years it has issued 77–89 scholarships annually, maintaining a 1,000+ alumni recipient base since inception.

The foundation is governed by an independent Board of Directors (current Chair: Timo Ali-Vehmas; previously Hannu Kauppinen) and is headquartered in Espoo, Finland, with a staff of 1–10. It partners with four major Finnish universities (Aalto, Helsinki, Oulu, Tampere) and runs bilateral programs with the Fulbright program and French academic institutions. It maintains a public archive of all grant and scholarship honorees from 1995 to present and holds an annual Recognition Award ceremony honoring individuals for outstanding ICT contributions; past honorees include Jimmy Wales (2009), Tommi Jaakkola (2012), Erkki Oja (2017), and Minna Palmroth (2025).

Short descriptiontext

Nokia Foundation is a Finnish charitable foundation established in 1995 that funds ICT research and education through scholarships, grants, and recognition awards for doctoral students, researchers, professors, and educators in Finland and abroad.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1–10
akta.pro rankint
HeadquartersEspoo, Finland
HQ citystring
Espoo
HQ countrystring
Finland
HQ regionstring
Europe
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
research grant funding, doctoral scholarships, ICT education grants, telecom research awards, nonprofit foundation grants
Industry5 codes
1Research & Science Grantmaking Foundations
CodeBPAGAKAIPrimaryYes
2Private Foundations
CodeBPAGAKAAPrimaryNo
3Scholarship & Fellowship Foundations and Trusts
CodeEDADAHACPrimaryNo
4Degree-Level Scholarships (Undergrad/Masters/PhD/Postdoc)
CodeEDAIAOAEPrimaryNo
5Foundation/NGO & Philanthropic Scholarships
CodeEDAIAOAHPrimaryNo
NAICS code3 codes
  • Grantmaking Foundations813211
  • Grantmaking and Giving Services81321
  • Grantmaking and Giving Services8132
SIC code2 codes
  • Services-Social Services8300
  • Services-Engineering, Accounting, Research, Management8700
Product category
Research Grants & Education Funding
Revenue model1 record
1Foundation Endowment
TypeLicensing Royalties
Description

Nokia Foundation operates as a charitable endowment funded by Nokia. The foundation provides scholarships and grants to support the scientific development of information and telecommunications technologies and promotes education in Finland.

nokiafoundation.com
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components3 values
Others, Operations, Personnel
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

Nokia Foundation is a Finnish charitable foundation that provides research grants and doctoral scholarships to support ICT-related academic research and education. It funds individual researchers, doctoral candidates, and academic institutions primarily in Finland, with grants administered annually to advance science, technology, and engineering research connected to telecommunications and information technology.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • Over 77 scholarships awarded annually totaling EUR 385,000+
+1 more record
Product overview1 text field

Nokia Foundation is a Finnish scholarship and grant organization that provides financial support for research and education in Information and Communications Technologies (ICT). The foundation operates multiple grant programs including the Nokia Visiting Professor, Tutkijat maailmalle, Fulbright-Nokia, Nokia Scholarship, Fulbright Junior Scholar, Nokia Foundation Fellow, Jorma Ollila Grant, and France-Nokia programs. These programs support doctoral students, postdoctoral researchers, and established academics pursuing ICT research, as well as international research collaborations between Finland and other countries (United States, France). The foundation also recognizes excellence in ICT education through the Nokia-OKKA Educational Recognition Award and honors significant contributions to ICT through the annual Nokia Foundation Recognition Award. The organization maintains a comprehensive archive of all grant and scholarship recipients from 1995 to present.

Product and service1 record
1Nokia Foundation Research Grant
Scale indicator2 records

Each record includes

Type, Value, Description, Source

Partnership6 partners
Strategic tierCoreTypeStrategic or Co-development Partner
Description

Nokia Foundation partners with the Fulbright program to offer Fulbright-Nokia Distinguished Chair positions for American scholars to engage in research collaboration at Finnish institutes of higher education. The program provides grants ranging from EUR 16,800 to EUR 50,400.

2France-Nokia (French Institutions)
Strategic tierCoreTypeStrategic or Co-development Partner
Description

Nokia Foundation partners with French academic institutions through the France-Nokia Chaire d'Excellence program, providing opportunities for French scholars to engage in research collaboration at Finnish institutes. Grants range from EUR 10,000 to EUR 20,000.

nokiafoundation.com
Strategic tierCoreTypeStrategic or Co-development Partner
Description

Finnish university receiving multiple Nokia Foundation grants and recognition awards. Major recipient of Nokia Visiting Professor, Nokia Scholarship, and other grant programs.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Major Finnish university receiving Nokia Foundation grants for ICT research. Home to Centre for Wireless Communications, a center of excellence in radio and wireless technologies.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Finnish university receiving Nokia Foundation grants and recognition awards. Recipients include professors in space physics, computer science, and science education.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Finnish university receiving Nokia Foundation grants across multiple ICT research areas including signal processing, communications, and machine learning.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Nordic telecom operator's foundation supporting digital inclusion, education, and ICT research. Comparable as a Nordic telecom-sector corporate foundation with similar mission focus on digital/ICT education and research funding.

2Carlsberg Foundation
TypeBroad incumbent
Description

Danish industrial foundation funding basic research across sciences including technology. Comparable as a Nordic corporate-origin foundation funding research with a much larger endowment and broader scientific mandate than Nokia Foundation.

3Alfred Kordelin Foundation
TypeDirect peer
Description

Finnish private foundation granting funds for science, arts, and education. Directly comparable as a domestic Finnish grantmaking foundation with similar operating model and historical roots in supporting academic research, though broader than ICT.

4Jane and Aatos Erkko Foundation
TypeDirect peer
Description

Finnish foundation supporting science, research, and education through major grants. Comparable as a Finnish private grantmaker with similar science/research focus, with several large multi-year research grants comparable in size to Nokia Foundation's programs.

TypeBroad incumbent
Description

Sweden's largest private research funder, supporting basic research primarily in science and technology. Comparable as a Nordic industrial-family foundation funding ICT, AI, and engineering research at universities — similar model but much larger scale and broader mandate.

TypeDirect peer
Description

Major Finnish private foundation funding scientific research, arts, and education. Comparable in scale and mission as a Finland-based grantmaking foundation supporting academic work including ICT-adjacent fields.

TypeBroad incumbent
Description

Large German corporate-origin foundation funding academic research with focus on STEM and ICT-adjacent topics. Comparable as a major European corporate philanthropy funding science research, though much larger scale and broader scope than Nokia Foundation.

TypeDirect peer
Description

Finnish industry-funded foundation supporting technology research and education. Directly comparable as a Finnish foundation with industry backing that funds ICT and engineering research at Finnish universities, mirroring Nokia Foundation's industry-academia bridge model.

9Kone Foundation (Saastamoinen Foundation)
TypeRegional player
Description

Finnish private foundation supporting academic research, science, and humanities. Comparable as a Finland-based private grantmaking foundation with similar scale and operational model, though broader in research scope than ICT-specific Nokia Foundation.

TypeDirect peer
Description

Sweden-based corporate foundation supporting ICT research and education, founded by a direct Nokia competitor. Closely comparable as a telecom-industry corporate foundation funding university research in ICT, sharing the same industry-academia funding model and target beneficiary base.

Market position
Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Nokia Foundation

Research Grants & Education Fundingnokiafoundation.com

Nokia Foundation is a Finnish charitable foundation established in 1995 that funds ICT research and education through scholarships, grants, and recognition awards for doctoral students, researchers, professors, and educators in Finland and abroad.

What Nokia Foundation does

Nokia Foundation is a Finnish charitable foundation established in 1995 to support the scientific development of information and communications technologies (ICT) and to promote education in the sector in Finland. The foundation operates as a grant-giving and scholarship body, funded by an endowment associated with Nokia, and disburses financial awards to doctoral students, postdoctoral researchers, visiting professors, and ICT educators. It does not develop technology products; its core deliverable is capital allocation to the Finnish and international ICT research ecosystem.

The foundation administers approximately ten grant programs covering the full academic lifecycle: Nokia Scholarship for doctoral candidates, Fulbright-Nokia and Fulbright Junior Scholar for US-based scholars, France-Nokia Chaire d'Excellence for French scholars, Tutkijat maailmalle and Jorma Ollila Grants for international research exchanges, Nokia Visiting Professor and Nokia Foundation Fellow for established researchers, and the Nokia-OKKA Educational Recognition Award for ICT educators. Grant sizes range from approximately EUR 5,000 for individual scholarships up to EUR 50,400 for Fulbright-Nokia Distinguished Chairs. In 2009 the foundation awarded 77 scholarships totaling EUR 385,000, and in recent years it has issued 77–89 scholarships annually, maintaining a 1,000+ alumni recipient base since inception.

The foundation is governed by an independent Board of Directors (current Chair: Timo Ali-Vehmas; previously Hannu Kauppinen) and is headquartered in Espoo, Finland, with a staff of 1–10. It partners with four major Finnish universities (Aalto, Helsinki, Oulu, Tampere) and runs bilateral programs with the Fulbright program and French academic institutions. It maintains a public archive of all grant and scholarship honorees from 1995 to present and holds an annual Recognition Award ceremony honoring individuals for outstanding ICT contributions; past honorees include Jimmy Wales (2009), Tommi Jaakkola (2012), Erkki Oja (2017), and Minna Palmroth (2025).

Nokia Foundation firmographics

Firmographics
Name
Nokia Foundation
Legal name
Nokia Foundation
Website
https://nokiafoundation.com
Company type
Private
Founded year
1995
Operating status
Operating
Headcount range
1–10 employees
Short description
Nokia Foundation is a Finnish charitable foundation established in 1995 that funds ICT research and education through scholarships, grants, and recognition awards for doctoral students, researchers, professors, and educators in Finland and abroad.
Ownership category
akta.pro rank

Nokia Foundation industry classification

Industry
Product category
Research Grants & Education Funding
NAICS
Grantmaking Foundations (813211), Grantmaking and Giving Services (81321), Grantmaking and Giving Services (8132)
SIC
Services-Social Services (8300), Services-Engineering, Accounting, Research, Management (8700)
akta.pro primary industry
Research & Science Grantmaking Foundations (BPAGAKAI)
akta.pro secondary industries
Private Foundations (BPAGAKAA), Scholarship & Fellowship Foundations and Trusts (EDADAHAC), Degree-Level Scholarships (Undergrad/Masters/PhD/Postdoc) (EDAIAOAE), Foundation/NGO & Philanthropic Scholarships (EDAIAOAH)

Keywords

  • Research grant funding
  • Doctoral scholarships
  • ICT education grants
  • Telecom research awards
  • Nonprofit foundation grants

Where Nokia Foundation is headquartered

Location

Headquarters

HQ city
Espoo
HQ country
Finland
HQ region
Europe

Offices1 record

Markets served

Nokia Foundation business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Others, Operations, Personnel

Revenue model

  1. Foundation Endowment: Nokia Foundation operates as a charitable endowment funded by Nokia. The foundation provides scholarships and grants to support the scientific development of information and telecommunications technologies and promotes education in Finland.

Distribution channels1 record

Marketing channels3 records

Nokia Foundation product offering

Product offering

Core offering

Nokia Foundation is a Finnish charitable foundation that provides research grants and doctoral scholarships to support ICT-related academic research and education. It funds individual researchers, doctoral candidates, and academic institutions primarily in Finland, with grants administered annually to advance science, technology, and engineering research connected to telecommunications and information technology.

Product overview

Nokia Foundation is a Finnish scholarship and grant organization that provides financial support for research and education in Information and Communications Technologies (ICT). The foundation operates multiple grant programs including the Nokia Visiting Professor, Tutkijat maailmalle, Fulbright-Nokia, Nokia Scholarship, Fulbright Junior Scholar, Nokia Foundation Fellow, Jorma Ollila Grant, and France-Nokia programs. These programs support doctoral students, postdoctoral researchers, and established academics pursuing ICT research, as well as international research collaborations between Finland and other countries (United States, France). The foundation also recognizes excellence in ICT education through the Nokia-OKKA Educational Recognition Award and honors significant contributions to ICT through the annual Nokia Foundation Recognition Award. The organization maintains a comprehensive archive of all grant and scholarship recipients from 1995 to present.

Differentiator

Problem solved

Functional benefit

Products and services

  • Nokia Foundation Research Grant

Quantifiable outcome

  • Over 77 scholarships awarded annually totaling EUR 385,000+
  • +1 more outcomes

Companies that use Nokia Foundation

Customer profile

Segments3 records

Ideal customer profiles2 records

Nokia Foundation technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Nokia Foundation partnerships and signals

Strategic signal

Partnerships

Six partnerships are on record, tiered core.

  • Fulbright ProgramcoreStrategic or Co-development PartnerNokia Foundation partners with the Fulbright program to offer Fulbright-Nokia Distinguished Chair positions for American scholars to engage in research collaboration at Finnish institutes of higher education. The program provides grants ranging from EUR 16,800 to EUR 50,400.
  • France-Nokia (French Institutions)coreStrategic or Co-development PartnerNokia Foundation partners with French academic institutions through the France-Nokia Chaire d'Excellence program, providing opportunities for French scholars to engage in research collaboration at Finnish institutes. Grants range from EUR 10,000 to EUR 20,000.
  • Aalto UniversitycoreStrategic or Co-development PartnerFinnish university receiving multiple Nokia Foundation grants and recognition awards. Major recipient of Nokia Visiting Professor, Nokia Scholarship, and other grant programs.
  • University of OulucoreStrategic or Co-development PartnerMajor Finnish university receiving Nokia Foundation grants for ICT research. Home to Centre for Wireless Communications, a center of excellence in radio and wireless technologies.
  • University of HelsinkicoreStrategic or Co-development PartnerFinnish university receiving Nokia Foundation grants and recognition awards. Recipients include professors in space physics, computer science, and science education.
  • Tampere UniversitycoreStrategic or Co-development PartnerFinnish university receiving Nokia Foundation grants across multiple ICT research areas including signal processing, communications, and machine learning.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Nokia Foundation competitors and assessment

Company assessment

Direct peers

  • Telia Company Foundation / Telia Foundation: Nordic telecom operator's foundation supporting digital inclusion, education, and ICT research. Comparable as a Nordic telecom-sector corporate foundation with similar mission focus on digital/ICT education and research funding.
  • Alfred Kordelin Foundation: Finnish private foundation granting funds for science, arts, and education. Directly comparable as a domestic Finnish grantmaking foundation with similar operating model and historical roots in supporting academic research, though broader than ICT.
  • Jane and Aatos Erkko Foundation: Finnish foundation supporting science, research, and education through major grants. Comparable as a Finnish private grantmaker with similar science/research focus, with several large multi-year research grants comparable in size to Nokia Foundation's programs.
  • Finnish Cultural Foundation: Major Finnish private foundation funding scientific research, arts, and education. Comparable in scale and mission as a Finland-based grantmaking foundation supporting academic work including ICT-adjacent fields.
  • Technology Industries of Finland Centennial Foundation: Finnish industry-funded foundation supporting technology research and education. Directly comparable as a Finnish foundation with industry backing that funds ICT and engineering research at Finnish universities, mirroring Nokia Foundation's industry-academia bridge model.
  • Ericsson Foundation: Sweden-based corporate foundation supporting ICT research and education, founded by a direct Nokia competitor. Closely comparable as a telecom-industry corporate foundation funding university research in ICT, sharing the same industry-academia funding model and target beneficiary base.

Broad incumbents

  • Carlsberg Foundation: Danish industrial foundation funding basic research across sciences including technology. Comparable as a Nordic corporate-origin foundation funding research with a much larger endowment and broader scientific mandate than Nokia Foundation.
  • Wallenberg Foundation (Knut and Alice Wallenberg Foundation): Sweden's largest private research funder, supporting basic research primarily in science and technology. Comparable as a Nordic industrial-family foundation funding ICT, AI, and engineering research at universities — similar model but much larger scale and broader mandate.
  • Volkswagen Foundation: Large German corporate-origin foundation funding academic research with focus on STEM and ICT-adjacent topics. Comparable as a major European corporate philanthropy funding science research, though much larger scale and broader scope than Nokia Foundation.

Regional players

  • Kone Foundation (Saastamoinen Foundation): Finnish private foundation supporting academic research, science, and humanities. Comparable as a Finland-based private grantmaking foundation with similar scale and operational model, though broader in research scope than ICT-specific Nokia Foundation.

Market position

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

Nokia Foundation social profiles

Digital presence

Nokia Foundation financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Nokia Foundation leadership team

Management profile

Number of profiles

Profiles3 records

Nokia Foundation funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Nokia Foundation M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nokia Foundation

What does Nokia Foundation do?

Nokia Foundation is a Finnish charitable foundation that provides research grants and doctoral scholarships to support ICT-related academic research and education. It funds individual researchers, doctoral candidates, and academic institutions primarily in Finland, with grants administered annually to advance science, technology, and engineering research connected to telecommunications and information technology.

Is Nokia Foundation a public or private company?

Nokia Foundation is a private company. It is classified as nonprofit foundation owned and is currently operating.

When was Nokia Foundation founded?

Nokia Foundation was founded in 1995. It employs 1 to 10 people.

Where is Nokia Foundation based?

Nokia Foundation is headquartered in Espoo, Finland, in the Europe region.

How does Nokia Foundation make money?

One revenue line is on record: foundation Endowment.

Who are Nokia Foundation's main competitors?

Direct peers on record are Telia Company Foundation / Telia Foundation, Alfred Kordelin Foundation, Jane and Aatos Erkko Foundation, Finnish Cultural Foundation, Technology Industries of Finland Centennial Foundation and Ericsson Foundation. Broad incumbents are Carlsberg Foundation, Wallenberg Foundation (Knut and Alice Wallenberg Foundation) and Volkswagen Foundation. Kone Foundation (Saastamoinen Foundation) is listed as a regional player.

Does Nokia Foundation have an API?

No public API is recorded for Nokia Foundation.

What industry is Nokia Foundation in?

Nokia Foundation's product category is Research Grants & Education Funding. Its primary akta.pro industry code is BPAGAKAI, Research & Science Grantmaking Foundations, with a secondary code of BPAGAKAA, Private Foundations. Its NAICS code is 813211 and its SIC code is 8300.

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Live signals
GlobeNewswireNokia Foundation awards CSC Managing Director Dr. Kimmo Koski for his significant role in enabling the European LUMI supercomputer ecosystemNokia Foundation awarded CSC Managing Director Dr. Kimmo Koski for his role in enabling the LUMI supercomputer ecosystem. LUMI, inaugurated in 2022, is among the world's most powerful supercomputers and uses excess heat for Kajaani. The award highlights LUMI's importance for AI-driven research and innovation.GlobeNewswireProfessor Heli Jantunen wins Nokia Foundation Recognition Award for her pioneering academic and industry work with microelectronicsNokia Foundation granted its 2018 Recognition Award to Professor Heli Jantunen for her work in microelectronics, manufacturing, and materials. She leads the Microelectronics Research Unit at the University of Oulu, has invented 76 patents, and her research supports telecommunication industry applications. The award ceremony was held in Helsinki on November 29.GlobeNewswireNokia Foundation Award granted to Internet technology pioneer Jari ArkkoThe Nokia Foundation granted its 2016 Recognition Award to Jari Arkko for contributions to Internet technologies and interoperability. Arkko has led the IETF for over 20 years, focusing on security, IPv6, and IoT. The foundation will grant scholarships and awards totaling about 360,000 euros in 2016.GlobeNewswireNokia Foundation awards the founder of WikipediaThe Nokia Foundation awarded its 2009 prize to Wikipedia founder Jimmy Wales for his contributions to the World Wide Web as a participatory platform. The EUR 10,000 award was presented on 4 November 2009, and Wikipedia has attracted over 330 million monthly visitors since 2001.GlobeNewswireNokia Foundation Award to Mårten MickosNokia Foundation granted its 2006 award to Mårten Mickos for advancing open source technology and leading MySQL. The EUR 10,000 award was presented at the ceremony on November 22, and the foundation awarded 88 scholarships totaling EUR 450,680 that year.GlobeNewswireNokia Foundation Award to Professor Moncef GabboujNokia Foundation awarded Professor Moncef Gabbouj its annual prize of EUR 10,000 for his work in developing international educational networks and graduate engineering studies in Finland. The award was given at the November 29, 2005 ceremony, where 84 scholarships totaling EUR 428,000 were also granted.GlobeNewswireNokia Foundation Award to Professor George Metakides for the Advancement of Information Technology Research and Development in EuropeNokia Foundation awarded Professor George Metakides EUR 10,000 for advancing IT research and cooperation in Europe. The award was presented by Nokia CEO Jorma Ollila, who highlighted the need for stronger university-business research initiatives. The foundation's 2003 grants totaled EUR 452,000.