ACE Presentation at Aalto School of Arts and Design

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Awareness Building

Awareness Building

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  • Wehavehadthemalready in a way, buthavetroublecapturingmarketvalue.Nokia: 2.50 to 60 (1994 to 2001, then 40 to 10 (2008 to present)Whyaretheyimportantnow:Employment? Wealth? RoleModel? AllthreeA Big StoryA SimpleStoryAn EfficientEcosystemDrive / Adhere to TrendsFast

Transcript

  • 1. Growing the Ambition Level of Entrepreneurshipwithin Aalto
    For Aalto School of Arts and Design
    Will.Cardwell@Aalto.Fi
  • 2. My Experience
    EDUCATION
    CEO / PARTNER/ DIRECTOR
    LTT-Research Finance Institute,
    EqvitecAdvisors/RobertsonStephens,
    EqvitecVenturePartners,
    Valimo Wireless, ConorVenturePartners,
    TechnopolisVentures, ACE
    Bedford Hills, LinkhorneSchool,
    EC Glass, Davidson College,
    Aalto School of Economics,
    University of North Carolina-Chapel Hill,
    Aalto School of Science and Technology
    ADVISOR / INVESTMENT BANKER
    INVESTOR/BOARD MEMBER
    F-Secure, Iobox, Codetoys, Digia, Solid, Footbalance, Microtask, severalongoing
    Valimo Wireless, Smartner/Seven, Frends, Rissa Communications, NS Sports Management, Technopolis Ventures
    2
  • 3. What is ACE Today ?
    xES
    Entrepreneurship
    Education
    NoteCombo of
    Academic
    And
    Practice!
    Entrepreneurship
    Research
    Innovation Services
    and Technology
    Transfer
    Growth
    Venturing and
    Start-Up Services
  • 4. ACE Innovation Services today and tomorrow *
    * This is ”Practice” part and it is Critical to future of Finland and mustberesourcedaccordingly!!
  • 5. Innovation Management Process
    ACE
    Administrative - ownership
    Evaluation – 200-300 inventions and ideas
    IP
    Business development
    Feasibility
    Development1
    20-30 cases+
    50k€
    Radical
    Innovations
    1-3
    IP
    ACE team
    Entrepreneur
    team
    Busdev.
    ACE team+
    coaches
    Dev 2
    5 cases+
    150k€
    equity
    Licensing
    High growth
    Start-up
    Transfer/Marketing
    Portfolio &
    License management (50-80 patent families)
  • 6. The Counter-IntuitiveReality of the Black Swan
    Link
    6
  • 7. 1. Great FinnishStories in Outlier and Black Swan Framework
    • DefiesPrediction
    • 8. Makes a MassiveImpact
    • 9. WemakeupExplanationsAfterward
    • 10. Endowedwith an unfairadvantange.
    • 11. Extremepractice and work
    Haveweeverhadany, and whyaretheysoimportanttoday?
  • 12. 2. On Risk-taking and Failure…
    Ecosystem: promotespioneering spirit embracing uncertainty, risk-taking and tolerating failure
    Entrepreneur: Youmustnotfail! (butits OK ifyoudo, keeptrying!)
    You just cannothave a Plan B !!
    Link
    Link
    8
  • 13. 3. On Youth and Energy…
    Ecosystem: Attract founders, who are ideally young, energetic and possibly migrants, and support them patiently
    Entrepreneur: Startearly! Universities will probably drive the next Black Swan. And, DON’T BE PATIENT!
    9
  • 14. About
    34
    About
    26
    10
  • 15. aaltovg.com
    twitter.com/
    aaltogarage
  • 16. …and italreadyworks!
  • 17. 4. On Customers…
    Ecosystem: Willingcustomersparticipate in trial and errorprocesswithinnovators.
    Entrepreneur: Get out of the officeall the time – live and breathewithcustomers.
    And customers: ifyoudon’tpay, youarepart of the productorservice, act likeit!
    Link
    13
  • 18. 5a. On Teams
    Entrepreneur: Bring in the bestwherevertheycomefrom (and manywillcomefromabroad!)
    Ecosystem: Freedom offered to talent who should not be snatched from start-ups. Talent (and capital!) MUST be mobile!
    Link
    14
  • 19. 5b. On Teams
    15
    Link
  • 20. 6a. On Pricing Technologies
    Link
  • 21. 6b. On Pricing Technologies
    17
    Link
  • 22. 7. On How to be a VC
    18
    Link
  • 23. Whatarewetrying to do at ACE to enablethis?
    A Deep International Network
    Bringworld-classlecturers, practitioners and studentsIN
    SendourcommunityOUT to globalhotspots.
    SupportREGULARbootcamps and eventsaroundkeythemes
    Createwinning IP strategies
    Raise the overallIMAGE of GrowthEntrepreneurship
    Collaboratefluentlywithour national and regionalecosystem!
    Getgreatideas into the marketFAST!
    19
  • 24. SelectSpin-offs and Start-UpsfromAalto University
    SomePast
    Start-Ups
    Hybrid Graphics
    F-Secure
    Sulake
    Rovio
    Solid
    … manyothers
  • 25. Any Ideas? Invented Something?
    Contact us directly:
    Will Cardwell, Head, 040 514 1325
    Pauli Laitinen, Innation Services teamleader, 050 338 0509
    Or looked at: http://ace.aalto.fi
    21