Such were the words of Jorma Olilla, CEO of Nokia when speaking about the current global crisis and its effects on corporate revenue. According to Olilla this is the time to invest and develop new research ideas into innovations that can capture the market.

Citing from the experience of the recession in Finland during the early 1990’s Olilla pointed out that when the time came, Nokia was ready to take advantage and decisively deploy devices based on the new GSM standard.

Mr. Olilla spoke during the annual event of the Nokia Foundation. The event, that was held in the Vanha Ylioppilastalo was hosted by Mr. Henri Tirri, Head of Nokia Research Center. Approximately 250,000 Euros were distributed, mostly to young researchers.

Sampo Karjalainen, former colleague at the Media Lab and and his partner Aapo Kyrölä were given the Nokia Foundation Award for 2008 for their work as founders of Sulake and creators of Habbo Hotel.