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License for KEIL MDK is EXPENSIVE. Any way around??

I am starting my development work with Nordic Semiconductor nRF51822 Device and already purchased the Development kit. What i wanted to ask is do i need to purchase KEIL MDK 500 License to write my code/application? Because the Low energy soft devices themselves takes up space of 64KB -128 KB. Kindly suggest and explain, do i need to purchase SUPER EXPENSIVE license (£3,349.14 = $ 5412) of KEIL MDK500 to compile any application code with BLE soft-devices stack of Nordic Semiconductor? and is there any way around to escape the license cost?

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  • As far as i know, even that 32K limit is also fake. We have only 16K of space left for application development, remaining 16K is padded with zeroes or garbage data. I posted a link of link from Texas Instrument Forum regarding this topic. And about selecting the best answer, dear friends our discussion just started about this interesting topic. Who knows how many people get benefited by this this discussion. I am myself trying out the option of GCC as suggested by KPE. Friends, Give me little more time. And dear Ole Morten, could you share names of any other possible IDE besides KEIL which can support Nordic Devices.

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  • As far as i know, even that 32K limit is also fake. We have only 16K of space left for application development, remaining 16K is padded with zeroes or garbage data. I posted a link of link from Texas Instrument Forum regarding this topic. And about selecting the best answer, dear friends our discussion just started about this interesting topic. Who knows how many people get benefited by this this discussion. I am myself trying out the option of GCC as suggested by KPE. Friends, Give me little more time. And dear Ole Morten, could you share names of any other possible IDE besides KEIL which can support Nordic Devices.

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