The catch is that the applications have to be US-specific, in an obvious attempt to fix the weak presence that Nokia currently has in America. The software has to be tailor-made for the new Symbian^3 operating system, and the grand total Nokia will be giving away is $10 million.
There will be seventeen categories with three winners in each, which will receive $150 000. In addition, the top seventeen are walking away with $100 000 more, for a grand total of $250 000. Not bad at all, if you can make it to the top, since part of the points will be awarded for the app's popularity, based on the Ovi store download metrics. The submission is going on as we speak, and will end at January 28th, 2011.
Nokia N8 Specifications | Hands-on