The strategic partnership between Microsoft and Nokia are now being extended with a common and comprehensive investment in education. Together they are investing up to 18 million euros in a new study called AppCampus at Aalto University in Helsinki.

The investment is made to promote development of mobile applications for Windows Phone, but also to Nokia’s own Symbian and S40 platform.

“We are proud to announce this new program, which will enable new and existing developers to create next-generation mobile apps and unique user experiences,” said Kai Oistamo, executive vice president, Nokia Corp. “The partnership will allow developers to ideate and monetize business opportunities globally, via both Windows Phone Marketplace and Nokia Store.”

Besides being an educational program, AppCampus will also act as an incubator. Veterans from the mobile industry will assist with coaching and help to commercialize the students ideas.

The program will provide future entrepreneurs an insight  in mobile technology, design and usability. They will also be offered financing options and they will retain all rights to the products and services they create.

“The partnership between Microsoft and Nokia is a critical investment in this growing ecosystem and represents an exciting opportunity and access to global markets for our local startup community,” says the Finnish Prime Minister Jyrki Katainen in a statement.

It will be possible to apply for participation in AppCampus from May 2012. More information about the project can be found on their website.