Building a world class Accelerator Program
in A(alto) University context
Question
Think of 3 most important factors that form
a startup ecosystem
Answers
Students
Talent
University
Entrepreneurs Know-how
Companies
University Internationality Government
Investors
Start...
1. Who are we today
2. How & Why it came to be
3. A grain of research
1. Who are we today
The seed accelerator for the most promising startups from
Northern Europe, Baltics and Russia
Meetups
To get the word out and have everyone involved.
Warmups
1 day coaching events to help as many startups as possible...
As of 2012 Spring

5 batches of Startup Sauna
16 million USD raised to date
31 Warmups organized
74 startups gone through ...
1. Accelerator
2.
In the future...

Internship

3. Co-working
Question
How does your university support
entrepreneurship - 3 things?
Answers
Education
Incubation
Tech Transfer
Student societies
Working space
Networks
Conferences
Funding
2. How & Why it came to be
First, everything was founded because of the cultural issue.
“Entrepreneurship is next to unemployment.”
“When are you going to get a real job?.”
“You made it big, and have to show it...
Founded 2009

Group of students with an ambition
No examples, no money, no space
A perfect opportunity to bring together A...
Founded 2009

Mission was to find serial entrepreneurs
Invite them to share their story and inspire
Start DOING, not report...
Founded 2009

over 10 similar entrepreneurship societies born
over 300 events (keynotes, workshops, programs etc.)
over 50...
Co-working space in Aalto
University campus

A 2 month summer program An internship program for
for students and
Aalto Uni...
The vision grew bigger.
Let’s make our region the next technology hub.
Let’s give everyone a reason to come out here.
Budapest
Helsinki
Kaunas
Kazan
Krasnodar
Malmö
Moscow
Novosibirsk
Oslo
Oulu

Riga
St.Petersburg
Tallinn
Tampere
Turku
Shan...
Growth entrepreneurship is not about
money, office space, civil servant advice or lecturing.
Growth entrepreneurship is all about
attitudes, knowhow, coaching, sharing, risk-taking, skills &
learning through failing...
Growth entrepreneurship is all about
learning from the best
that big hairy audacious vision,
making a dent into the univer...
Growth entrepreneurship is tough.
2009

2010

2011
3. A grain of research
Open For Acceleration:
The Case of Startup Sauna in Finland

DHRUV BHATLI, IRG, Université Paris Est, France
PAOLO BORELLA...
PAOLO BORELLA - Coach at Startup Sauna
Director at Appcampus
Founder at Boro Oy
Vice President at Fox Mobile Distribution ...
Incubators can be broadly categorized as:
University based Incubators (UIS)
Independent / Private “for profit” Accelerators...
University based Incubators (UIS)
Benefits: Extended support for long development ventures, e.g. Life
sciences, tech. based...
Independent / Private “for profit” Accelerators (PAS)
Benefits: Intensive coaching to help short development cycle
ventures,...
Open For Acceleration:
The Case of Startup Sauna in Finland
1. What is the business model of SUS “non profit” accelerator?
...
STUDY FRAMEWORK
STUDY RESULTS
STARTUP SAUNA NOT A REGULAR PAS
1. Accepts all venture types, SDC/ MDC/ LDC, diverse range of ventures
2. 40...
STUDY RESULTS

PAS

UIS
HYBRID POSITIONING
BENEFITS FOR ACCELERATEES
1. Connections to a growth network (including future investments)
2.Validation of “graduated sta...
RESULTS IN NUMBERS
844 applications since start of operations in Spring ‘10
380 startups coached in Warmups and batches
63...
Discussion

What are the key entrepreneurial issues in your university
and how to empower students to improve them?
Lessons
1. Serendipity
2. Empower the students
3. Darwinian evolution
Antti Ylimutka
Captain of Startup Sauna
@startupsauna / @andynosebone
antti@startupsauna.com
One more thing...
Startupsaunareepdf 120911071921-phpapp01
Startupsaunareepdf 120911071921-phpapp01
Startupsaunareepdf 120911071921-phpapp01
Startupsaunareepdf 120911071921-phpapp01
Upcoming SlideShare
Loading in...5
×

Startupsaunareepdf 120911071921-phpapp01

225

Published on

Published in: Economy & Finance, Business
0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total Views
225
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
3
Comments
0
Likes
1
Embeds 0
No embeds

No notes for slide

Startupsaunareepdf 120911071921-phpapp01

  1. 1. Building a world class Accelerator Program in A(alto) University context
  2. 2. Question Think of 3 most important factors that form a startup ecosystem
  3. 3. Answers Students Talent University Entrepreneurs Know-how Companies University Internationality Government Investors Startups Culture
  4. 4. 1. Who are we today 2. How & Why it came to be 3. A grain of research
  5. 5. 1. Who are we today
  6. 6. The seed accelerator for the most promising startups from Northern Europe, Baltics and Russia
  7. 7. Meetups To get the word out and have everyone involved. Warmups 1 day coaching events to help as many startups as possible. Accelerator 6 week program brings together the 20 most promising startups from Northern Europe, Baltics, Russia twice a year
  8. 8. As of 2012 Spring 5 batches of Startup Sauna 16 million USD raised to date 31 Warmups organized 74 startups gone through Sauna 380 startups coached
  9. 9. 1. Accelerator 2. In the future... Internship 3. Co-working
  10. 10. Question How does your university support entrepreneurship - 3 things?
  11. 11. Answers Education Incubation Tech Transfer Student societies Working space Networks Conferences Funding
  12. 12. 2. How & Why it came to be
  13. 13. First, everything was founded because of the cultural issue.
  14. 14. “Entrepreneurship is next to unemployment.” “When are you going to get a real job?.” “You made it big, and have to show it small” “Yet again a company sold abroad” “I’d rather work for a big company” “I’m a normal human, how could I create the next Apple?” “It’s too tough and uncertain to run a company”
  15. 15. Founded 2009 Group of students with an ambition No examples, no money, no space A perfect opportunity to bring together Aalto students before Aalto was formed
  16. 16. Founded 2009 Mission was to find serial entrepreneurs Invite them to share their story and inspire Start DOING, not reporting
  17. 17. Founded 2009 over 10 similar entrepreneurship societies born over 300 events (keynotes, workshops, programs etc.) over 500 students involved hands-on over 7000 students online over 1 million € of funding raised
  18. 18. Co-working space in Aalto University campus A 2 month summer program An internship program for for students and Aalto University students researchers, from Aalto to go work in startups An old industrial hall bringing University Helsinki / Silicon Valley. together the students, entrepreneurs and startup All you need is an idea and a Creates a stream of new communities team. talent. Latest, a YC funded startup Kippt.
  19. 19. The vision grew bigger.
  20. 20. Let’s make our region the next technology hub. Let’s give everyone a reason to come out here.
  21. 21. Budapest Helsinki Kaunas Kazan Krasnodar Malmö Moscow Novosibirsk Oslo Oulu Riga St.Petersburg Tallinn Tampere Turku Shanghai Stockholm Yekaterinburg Vilnius Warsaw
  22. 22. Growth entrepreneurship is not about money, office space, civil servant advice or lecturing.
  23. 23. Growth entrepreneurship is all about attitudes, knowhow, coaching, sharing, risk-taking, skills & learning through failing.
  24. 24. Growth entrepreneurship is all about learning from the best that big hairy audacious vision, making a dent into the universe, changing what is and creating what will be.
  25. 25. Growth entrepreneurship is tough.
  26. 26. 2009 2010 2011
  27. 27. 3. A grain of research
  28. 28. Open For Acceleration: The Case of Startup Sauna in Finland DHRUV BHATLI, IRG, Université Paris Est, France PAOLO BORELLA, Boro Oy, Espoo, Finland JUKKA KARIMAA, Aalto School of Economics, Finland
  29. 29. PAOLO BORELLA - Coach at Startup Sauna Director at Appcampus Founder at Boro Oy Vice President at Fox Mobile Distribution GmbH Director at Nokia, Portfolio Mgmt. for Service and Software GTM AppCampus.fi paolo@appcampus.fi
  30. 30. Incubators can be broadly categorized as: University based Incubators (UIS) Independent / Private “for profit” Accelerators (PAS)
  31. 31. University based Incubators (UIS) Benefits: Extended support for long development ventures, e.g. Life sciences, tech. based startups Provides cost free resources: Infrastructure, organizational services etc. Disadvantage: Bureaucratic, No intensive Mentoring, No access to commercial networks
  32. 32. Independent / Private “for profit” Accelerators (PAS) Benefits: Intensive coaching to help short development cycle ventures, e.g. Web, ICT, Gaming More dynamic with easy access to markets, funds and commercial networks Disadvantage: Takes equity or revenue share from the ventures, Accepts narrow venture types
  33. 33. Open For Acceleration: The Case of Startup Sauna in Finland 1. What is the business model of SUS “non profit” accelerator? 2. How is the incubation process managed at SUS? 3. What is the value provided by SUS to participating NV's (acceleratee's)? 4. What are the adjustments made by SUS, as a regional accelerator to attract deal flow and succesfully sustain in the competitive entrepreneurial landscape?
  34. 34. STUDY FRAMEWORK
  35. 35. STUDY RESULTS STARTUP SAUNA NOT A REGULAR PAS 1. Accepts all venture types, SDC/ MDC/ LDC, diverse range of ventures 2. 40% ventures (non service based) 3. Provides cost free resources: Infrastructure, organizational services etc. 4. Intensive coaching to help participating startups 5. Takes No equity or revenue share from the ventures
  36. 36. STUDY RESULTS PAS UIS
  37. 37. HYBRID POSITIONING
  38. 38. BENEFITS FOR ACCELERATEES 1. Connections to a growth network (including future investments) 2.Validation of “graduated startup” for external actors (reduced contingency, Vetted Idea) 3. Part of a support community (Peer to Peer Network) 4. Time bound progress and growth objectives through intensive mentoring (Necessary push) 5. Improved team dynamics and performance 6.Visibility, access to media and generate genuine interest
  39. 39. RESULTS IN NUMBERS 844 applications since start of operations in Spring ‘10 380 startups coached in Warmups and batches 63 (7%) graduates from 5 batches 83% increase in Startups headcount post Sauna 73% Alumni have raised early stage funds 16 Million USD raised from first 3 batches (38 Alumni)
  40. 40. Discussion What are the key entrepreneurial issues in your university and how to empower students to improve them?
  41. 41. Lessons
  42. 42. 1. Serendipity
  43. 43. 2. Empower the students
  44. 44. 3. Darwinian evolution
  45. 45. Antti Ylimutka Captain of Startup Sauna @startupsauna / @andynosebone antti@startupsauna.com
  46. 46. One more thing...
  1. Gostou de algum slide específico?

    Recortar slides é uma maneira fácil de colecionar informações para acessar mais tarde.

×