Nokia Siemens Networks (NSN), a Finland-based telecoms equipment supplier, has committed €10m ($13m) as the first limited partner in a venture capital fund that will invest in corporate spin-offs.
The Verso Spin-off Fund will invest to help form independent companies from projects that are not in the core of the NSN’s strategy. The aim is to get also other large companies as investors, thus helping the creation of new businesses in Finland, according to VersoVentures, which is managing the Spin-Off…
