Aalto Center for Entrepreneurship

Enablers of
Growth Entrepreneurship – Company and Policy Views.
Will Cardwell
Head, Aalto Center for Entrepreneurship

My Background
and short case
Study:
Valimo Wireless

WHAT PUT US OVER THE TOP?
FinnishNetwork
HR Agility
Facebook
Roberto Carlos
Focused IP
ReverseLearning
WHAT HELD US BACK?
Dripfed Finance
ComplexEcosystem
UnproductivePartnerships
DistressedCustomers
Small home market
Uneducated Public
FragmentedTechnical Solutions

Innovation research
SME research
??
The fourcornerstones of ACEBuilding successful companies
that create jobs and prosperity.
Entrepreneurship
Education
Entrepreneurship
Research
Growth
Venturing and
Start-Up Services
Innovation Services
and Technology
Transfer

Highlights for ACE 2010Major new sales of Aalto patents to Finnish industry.
111
Record number of inventions from Aalto.
Record number of priority patent applications filed based on Aalto Research.
50
Record number of startups formed from Aalto-based ideas.
15
Strong new partnership with Stanford Technology Ventures, Stockholm School of Entrepreneurship, Tokyo University
3

Degree of participation
Inventor / team
Aalto competence commercialization process
Department
ACE team
Aalto community /
research
Markets
Commitmentfrom all parties is needed to make it happen!

Competence commercialization process
Aalto community
Proposal
Evaluation, concept development & validation of knowledge
Start-ups
Business potential
Intellectual Property Rights
Feasibility
Intellectual property
Licenses

All are evaluated, not all commercialized
200
10
Proposal
300
Start-ups
15
Evaluation
250
Concept development
Intellectual Property Rights
15 prior. apps
30
Validation
10
Licenses
>200 k€ income
50
10
5
Innovation ‘fast track’

9
Roadmap for Stanford Partnership
The program is 3-years, with the following
high-level roadmap:
2011
- Inspiring Stanford Faculty on the potential of Finland- Inspiring Aalto community on value of Stanford collaboration - Identifying key Aalto faculty and student change-makers, and executing initial exchange
2012
- Facilitating a growing amount of exchange- Building Aalto curriculum and offering first courses- Continuing inspiration, i.e. executing the Accel Roundtable on Entrepreneurship Education
2013
- Building out new curriculum contributions and adding courses
- Continue inspiring, developing, and exchanging
Click to edit Master text styles
Click to edit Master text styles

SomePositiveSigns
We see many things in the ecosystem around Aalto that are encouraging:
NO:1&2
Aalto startups Rovio (Angry Birds!) and Remedy Entertainment created number 1 and 2 global game titles
.
Amount of VC into Finnish early and expansion stage companies through May 2011, 4x 2010 or 2009
92m€
2M€+
Large funding round to University spinouts, i.e. Canatu and Blaast, and more forthcoming

11
Messages to entrepreneurs & policy-makers

Whydowebelievestartupsareimportant?Researchshowsalmostall new jobsarecreated in comapaniesunder 5 years of age, sowemustraise the nextgeneration of changemakers.

13
For ”HighGrowthStartup DNA” in Europe
Focus on extreme competence and competitive advantage. Extreme work. Positioning such that companies thrive amid totally unpredictable market shifts

Steve Jurvetson, ManagingDirector, DFJ
A Grounding for Decision-MakingunderHighUncertainty
Video Link

On the Value of Technology (a)Kathy Ku, CEO, Stanford Licensing Office
Video Link

16
On risktaking and failures
Ecosystem: promotespioneering spirit embracing uncertainty, risk-taking and tolerating failure
Video Link

17
Mark Zuckerberg, Founder of Facebook
On Youth and Energy
Entrepreneur: Startearly! Universities will probably drive the next Black Swan. And, DON’T BE PATIENT!

On Youth and Energy
Ecosystem: Attract founders, who are ideally young, energetic and often migrants, and support them patiently

It is Happening!

1
Powerkiss
Powerkiss technology provides a simple,
user-friendly and efficient way of keeping all your dear devices charged on top of any surface.

2
AudioDraft
AudioDraft offers companies a new and innovative way to order custom made audio from the artist and audio designer community by creating audio competitions.

ZenRobotics
3
ZenRobotics Ltd., is specializing in robotic recycling technology. The company's main product is ZenRobotics Recycler, a waste sorting system which separates raw materials from waste

Do you have a
potential success story
waiting to be developed ?
File in the Invention or the Other Idea Online at http://ace.aalto.fi/

Aalto Center for Entrepreneurship

by finnwill on Jun 09, 2011

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