KEY MESSAGE: ‘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.
Will Cardwell Head, Aalto Center for Entrepreneurship Aalto Center for EntrepreneurshipBuilding successful companies that create jobs and prosperity.
Aalto University A merger of threeleadingFinnishhighereducationinstitutes: business, art & technology
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. 50 Record number of priority patent applications filed based on Aalto Research. Record number of startups formed from Aalto-based ideas. 15 2 Strong new partnership with Stanford Technology Ventures and Stockholm School of Entrepreneurship.
Highlightsfromcompanies 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 . Largest VC funding round of recent history in Finland for research-based company went to Beneq (9m€), which relies significantly on Aalto expertise 9M€ 3M€ Large funding round to Canatu and Blaast (3+m€), recent Aalto spinouts (i.e. based on Aalto IP)
Aalto competence commercialization process Competence Commercialization Process completely re-vamped to efficiently realize economic potential of ideas and inventions Aalto community Proposal Evaluation, concept development & validation of knowledge Start-ups Business Potential Intellectual Property Rights Feasibility Intellectual property Licenses
Estimate for 2011 figures Not all ideas are Commercialized, but all are Evaluated Directed to other supporting organizations Back to community with feedback 200 10 Proposal Evaluation Start-ups 300 250 Concept development 30 Validation 10 Intellectual Property Rights 50 10 5 Licenses Innovation ‘fast track’
Our Partnership with Stanford underlies much of our work… 8