The Nokia Growth Partners have announced that the company is expected to expand the group's investment plans with a special focus on emerging technology markets, particularly in India and China, providing 100 million USD in additional funds for investment into a Fund of Funds program.

Following the release of the expansion plan, Jonh Gardner and Paul Asel, two veterans in the industry, were appointed to take the lead to launch the expansion.

The Nokia Growth Partners were established in 2004 and its inaugural 100 million USD Venture Capital Fund invests directly into growth stage technology companies that share an alignment of business interests with Nokia.

The Nokia Growth Partners have now created a Fund of Funds program aiming at offering access to emerging markets and/or exposure to innovative technologies in domain areas beyond the scope of Nokia's traditional core businesses.

Based on the previous achievements of its direct investment Venture Capital Fund, the Nokia Growth Partners will also contribute more resources to increase its activity in Asia, especially in China and India. It will manage a combined 200 million USD of capital between the Venture Capital Fund and the Fund of Funds program.