As reported in this press release digital mapping giant NavteQ has attracted $10 million in sponsorships as prize money for developers that are into building location-based applications. The roster of sponsors now includes (alphabetically) Alcatel-Lucent, AtlasCT, DigitalGlobe, Imagination Technologies, Intel, Microsoft, and Mobile Distillery.

NavteQ has been holding these competitions since 2003. The mission is to foster new, creative uses dynamic positioning technology and (oh yeah) NAVTEQ® maps.

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Tags: Alcatel-Lucent, Microsoft, Recombinant Telephony, Location Based Services, Mash-ups, NavTeQ, Intel