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Aalto Center for Entrepreneurship

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  • KEY MESSAGE: Commitment and participation needed from inventors constantly. Revenue sharing applies according to area distribution. ACE supports especially in evaluation and development of the proposal into innovation.NOT TO MENTION: ACE takes ideas and inventions and develops them further & patents. Overemphasis our role as ”case owners”
  • KEY MESSAGE: Competence commercialization process aims at efficiently realizing economic potential of ideas and inventions‘competence commercialization’ is the structured way of working with submitted ideas & inventions.Investment decisions are done by ACE management based on assessment on three streams. All decisions are documented and communicated to inventors. Aim is to handle all cases with same level of intensity and give all equal chance to prove potential.NOT TO MENTION: Customer can choose route and get investments by own decision. Process is only for investing money into cases. process is highly structured with detailed descriptions of what to do.
  • KEY MESSAGE: Not all cases become start ups. Not all are patented. Exceptional cases are put forward with speed (external IP, mature case). Some cases lack commercial potential and/or require more research / thinking. Other organizations are linked by ACE.NOT TO MENTION: only the best ones are selected in evaluation.
  • Wework on all 3 campuses, officelocated in Otaniemi. Moreinformation and ourTTMsbyschools.

Aalto Center for Entrepreneurship Aalto Center for Entrepreneurship Presentation Transcript

  • 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/