Navteq (now part of Nokia) has announced it’s global LBS challenge and the winner of this contest will take away $3million.

“This global program challenges application developers around the world to build innovative location-based services (LBS) that work with mobile phones and/or wireless handheld devices using dynamic positioning technology and NAVTEQ maps.”

You can submit your entry in any of these categories –

• Enterprise Solutions
• Social Networking
• Entertainment & Leisure
• Navigation, and
• Content

More details. Get the Instruction manual. [via MoMo]

Interestingly, Google announced $10 million challenge for Android, the newly launched Google OS.

Recommended Read: Location Based Services in India – the complete story