Within a few years, Aalto Entrepreneurship Society has evolved to biggest and most active student-driven entrepreneurship community in Europe. A unique phenomenon recognized internationallySince 2010, Aalto Center for Entrepreneurship (ACE) has transformed the technology transfer and entrepreneurship related outreach activities at Aalto UniversityFollowing this it became obvious the academic dimensions (research and teaching) of entrepreneurship would also require investment and an upgrade.Aalto Ventures Program was launched on September 5, 2011 as a strategic initiative to create a world-class curriculum in high-growth entrepreneurship by 2013
STVP is hosted by Dept of. Management Science and Engineering at Stanford (equivalent of DIEM at Aalto) and is one of the (if not the) most respected venturing programs in the world (now in charge of developing the entrepreneurship engineering of US universities through epicenter initiative supported by $10M NSF grant). Long-term collaboration with Aalto e.g. through Prof. Kathleen Eisenhardt and Prof. Riitta KatilaVisits 2011Donna Novitsky in Finland (March)Riita Katila in Finland (June)Forrest Glick in Finland (June)Steve Blank in Finland (September)Tom Byers in Finland (October)Aalto faculty at Stanford (November)Visits 2012Markku Maula visit at Stanford (March-April 2012)Aalto Faculty visits at Stanford (May 2012 and November 2012Riitta Katila: June 25th-26th.Woody Powell: July 3th-4th. Focus on research.Heidi Roizen: August 6th-7th. Focus on ecosystem development and teaching and curriculumTom Byers + Tina Seelig: September 3th-4th. Focus on teaching and curriculum. Tom & Tina participate REE Europe on Sep 5th-7thJeff Schox: September 4th-6th. Focus on IPR issues and patent law. Jeff participates REE Europe on Sep 6th.Aalto is hosting REE Europe conference on September 5th-7th. REE is a global entrepreneurship education conference series directed by STVP. Mark it done to your calendar and let me know if you want to get involved! You will receive more info about REE Europe shortly.
Based in Aalto University - in the spirit of the 20th century architecture icon and the father of functional simplicity Alvar Aalto.
(Image: Aalto University Communications)
Aalto Ecosystem forEntrepreneurs & Innovators Triple Helix Workshop @ Stanford Tapio Siik November 15th, 2012
Tapio SiikHead of Aalto Center for Entrepreneurship (ACE)• Education: M.Sc., SW Technology & Computer Science (TUT), IMD• Companies: Softplan, ABB, Intergraph, Nokia, XN-Ventures, Aalto,…• Experience: Engineering, Marketing, Sales, Venturing, VC, Consultancy,…• Hobbies: Endurance sports, Motorcycles, Music,…• More details can be found at:• LinkedIn: www.linkedin.com/pub/tapio-siik/0/3/886• Facebook: www.facebook.com/ats2k
Aalto UniversityA merger of three leading Finnish higher education institutes in 2010 Art & Design Science & Technology, Economics, founded 1871 founded 1849 founded 1911 •
Aalto University• Comprises today six schools that represent technology, business, art & design• A community of 20,000 students, 4,700 faculty & staff of whom 340 are professors• More than 90 Bachelor’s and Master’s programs• Foundation format, close cooperation with the business world• Annual budget 400M€• Main campuses in Helsinki and Espoo in Finland
ENTREPRENEURSHIP & INNOVATION:STRATEGIC ISSUES FOR AALTO UNIVERSITY
Core strategies and Key Performance IndicatorsSocietal ImpactThe national mission of the university is tosupport Finland’s success and contribute toFinnish society, its internationalization andcompetitiveness, and to promote the welfareof its people through research and byeducating responsible, broad-minded expertsto act a s society’s visionaries and changeagents.KPIs:• Stakeholders’ perception of Aalto Aalto Entrepreneur• Total income from non-academic partners and the Society is the largest, average amount of funding per non-academic partner most active community for• Total number of employees and the annual turnover in young entrepreneurs companies that have their roots in Aalto in the whole of• Commissions of trust for domestic and international Europe. public and private institutions < Back to chart
CO-DEVELOPMENT WITHSTANFORD TECHNOLOGY VENTURES PROGRAM AVP GOALS AND CURRICULUMAn active partnership with two-way flow of faculty visitsand interaction in research and teaching development
AppCampus• A three year project, based in Aalto university: a fusion of engineering + business + design• Funded with 21M€ by Microsoft, Nokia and Aalto University.• A new kind of accelerator for next generation of mobile experience We think AppCampus is the most exciting innovation project EVER! 11
How you canAccelerate with AppCampus• Awards: 20-50-70.000 euro / App• Coaching & Education, Product-oriented• Professional SW-Dev. Process & Quality Assurance• Network & Marketing Support, Marketplace & Nokia Store• Co-working spaceOnline submission: appcampus.fi 12
Aalto Factories“Aalto University supports multidisciplinary researchby creating and encouraging opportunities forspontaneous and dynamic cooperation betweenexperts from different fields”.Factories: a Form for Multidisciplinary Opportunities• Design Factory• Media Factory• Service FactoryThe factories are environments for learning, teaching,research and co-creation between universities,companies and society.
Aalto University Growth EntrepreneurshipAcceleration Co-working Internship Education ACEPrograms Environments Programs Programs Commerzialization Aalto Center for Entrepreneurship Open Aalto Business Startup Innovation Ventures Opportunity Sauna House Program Assessment M.Sc. ADF Aalto Summer Startup Executive of Life Education Startups AVG MBA Aalto Entrepreneurship Society
PROCESS STAGES AALTO COMPETENCE COMMERCIALIZATION PROCESS CONCEPT CUSTOMER APPLICATIONS EVALUATION DEVELOPMENT VALIDATION NEED BUSINESS BUSINESS & POTENTIAL MODELINGINVENTION APPROACH & &DISCLOSURES & TECHNICAL FINANCING& BENEFITS FEASIBILITY ROADMAPBUSINESS IDEA & & &INITIATIVES COMPETITION TEAM BUILDING THE & & TEAM CASE PROFILE VALIDATION & 1. Spinout PLAN TECHNOLOGY 2. IP license/sale PILOTING Spin-offs 300 250 50 IP Licensing TUTL 15
ACE Key Performance Indicators KPI 2008 2009 2010 2011 2012 H1# Invention Disclosures 80 89 111 120 75# Priority Patents Filed 13 7 20 50 22# Startup Companies Founded 4 5 15 12 4(Forecast for H2) (5)€ Funds Raised by Startups Na Na Na 11.7m 1.0m (# of rounds) (6) (2)€ Licensing Income 500k 60k 370k 80k 70k
Challenges (after 6 months in this game)• Attitude, attitude & attitude!• Awareness & Communication!• Red tape → inefficiencies• Sandboxes• Desire to over manage• Fear – To say “no” – To make a decision – To _not_ use the money/funding
Further information:aalto.fi youtube.com /aaltouniversity facebook.com /aaltouniversity