EnablingBlack Swans – Entrepreneurial University, Start-ups, and the InnovationEcosystem<br />German – FinnishDialogues<br...
What is ACE Today ?<br />xES<br />Entrepreneurship <br />Education<br />NoteCombo of<br />Academic<br />And<br />Practice!...
The Vision of ACE <br />by 2020Enormous impact on globally challenging problems<br />by2015Finland into the top ten high-g...
ACE Innovation Services in Numbers<br />4<br />
How Will WeDothis?<br />By creating an environmentfriendly to the emergence of positive Black Swans…<br />And capturing a ...
Caveats and Disclaimers<br />I AMsaying:<br />Finland/Europeneeds to create MANY €100MM+ growthcompanies to make the demog...
What’s a Black Swan in thisContext ?<br /><ul><li>DefiesPrediction
Makes a MassiveImpact
WemakeupExplanationsAfterward</li></ul>Haveweeverhadany, and whyaretheysoimportanttoday?<br />
The Counter-IntuitiveReality of the Black Swan<br />Link<br />8<br />
5 Conditionsthatmustbepresent to raise the probabilityof PositiveBlack Swans<br />Plus, whatitmeans for the Entrepreneur!<...
1. On Passion…<br />Ecosystem: promotes and rewards passion and ambition<br />Entrepreneur: Focus on huge, game-changingpr...
2. On Risk-taking and Uncertainty…<br />Ecosystem: promotespioneering spirit embracing uncertainty, risk-taking and tolera...
3. On Youth and Energy…<br />Ecosystem: Attract founders, who are ideally young, energetic and possibly migrants, and supp...
About<br />34<br />About<br />26<br />13<br />
Cisco’sGrowth<br />14<br />
4. On Customers…<br />Ecosystem: Innovation and commercialization via a trial and error process, this includescustomers !<...
5. On Teams…<br />Entrepreneur: Bring in the bestwherevertheycomefrom.<br />Ecosystem: Freedom offered to talent who shoul...
Whatarewetrying to do at ACE to enablethis?<br />A Deep International Network<br />Bringworld-classlecturers, practitioner...
Its their world,we just live in it !!<br />aaltovg.com<br />twitter.com/<br />aaltogarage<br />
Spin-offsfrom Aalto University<br />Is the next<br />Black Swan in<br />this list !?!<br />
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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? Allthree
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    1. 1. EnablingBlack Swans – Entrepreneurial University, Start-ups, and the InnovationEcosystem<br />German – FinnishDialogues<br />29th October 2010<br />Berlin<br />Will.Cardwell@Aalto.Fi, Director<br />
    2. 2. What is ACE Today ?<br />xES<br />Entrepreneurship <br />Education<br />NoteCombo of<br />Academic<br />And<br />Practice!<br />Entrepreneurship<br />Research<br />Innovation Services<br />and Technology<br />Transfer<br />Growth<br />Venturing and<br /> Start-Up Services<br />
    3. 3. The Vision of ACE <br />by 2020Enormous impact on globally challenging problems<br />by2015Finland into the top ten high-growth communities in the world<br />2010-2011Producing success stories and building confidence in Aalto community and beyond<br />
    4. 4. ACE Innovation Services in Numbers<br />4<br />
    5. 5. How Will WeDothis?<br />By creating an environmentfriendly to the emergence of positive Black Swans…<br />And capturing a bettershare of the valuethistime!<br />
    6. 6. Caveats and Disclaimers<br />I AMsaying:<br />Finland/Europeneeds to create MANY €100MM+ growthcompanies to make the demographicmath of the futurework<br />We, as University communities, canlay the foundations for theirbirth and growth, butit is challenging and wemust LEARN how to dothat<br />I AM NOTsaying:<br />Thateverybodyshouldtunetheirstartup to try to be a BlackSwan<br />That the guys at the Black Swanswill (necessarily) be the richest, thoughhopefullyso…<br />ThatwecanevenguaranteeanyBlack Swanswillemerge<br />6<br />
    7. 7. What’s a Black Swan in thisContext ?<br /><ul><li>DefiesPrediction
    8. 8. Makes a MassiveImpact
    9. 9. WemakeupExplanationsAfterward</li></ul>Haveweeverhadany, and whyaretheysoimportanttoday?<br />
    10. 10. The Counter-IntuitiveReality of the Black Swan<br />Link<br />8<br />
    11. 11. 5 Conditionsthatmustbepresent to raise the probabilityof PositiveBlack Swans<br />Plus, whatitmeans for the Entrepreneur!<br />* Props to my friend and colleagueHerve Lebret at EPFL for much of the research and thinkinghere, seehisbook”The StartupBook”<br />
    12. 12. 1. On Passion…<br />Ecosystem: promotes and rewards passion and ambition<br />Entrepreneur: Focus on huge, game-changingproblems<br />…and, letsnotbeat the billion euro ambition out of ourfounders !<br />Link<br />10<br />
    13. 13. 2. On Risk-taking and Uncertainty…<br />Ecosystem: promotespioneering spirit embracing uncertainty, risk-taking and tolerating failure<br />Entrepreneur: Youmustnotfail! (butits OK ifyoudo, keeptrying!)<br />You just cannothave a Plan B !!<br />Link<br />Link<br />11<br />
    14. 14. 3. On Youth and Energy…<br />Ecosystem: Attract founders, who are ideally young, energetic and possibly migrants, and support them patiently<br />Entrepreneur: Startearly! Universities will probably drive the next Black Swan. And, DON’T BE PATIENT!<br />12<br />
    15. 15. About<br />34<br />About<br />26<br />13<br />
    16. 16. Cisco’sGrowth<br />14<br />
    17. 17. 4. On Customers…<br />Ecosystem: Innovation and commercialization via a trial and error process, this includescustomers !<br />Entrepreneur: Get out of the officeall the time – live and breathewithcustomers.<br />And customers: ifyoudon’tpay, youarepart of the productorservice, act likeit!<br />Link<br />15<br />
    18. 18. 5. On Teams…<br />Entrepreneur: Bring in the bestwherevertheycomefrom.<br />Ecosystem: Freedom offered to talent who should not be snatched from start-ups. Talent (and capital!) MUST be mobile!<br />Link<br />16<br />
    19. 19. Whatarewetrying to do at ACE to enablethis?<br />A Deep International Network<br />Bringworld-classlecturers, practitioners and studentsIN<br />SendourcommunityOUT to globalhotspots.<br />SupportREGULARbootcamps and eventsaroundkeythemes<br />Createwinning IP strategies<br />Raise the overallIMAGE of GrowthEntrepreneurship<br />Collaboratefluentlywithour national and regionalecosystem!<br />17<br />
    20. 20. Its their world,we just live in it !!<br />aaltovg.com<br />twitter.com/<br />aaltogarage<br />
    21. 21. Spin-offsfrom Aalto University<br />Is the next<br />Black Swan in<br />this list !?!<br />
    22. 22. Or here ??<br />
    23. 23. Any Ideas? Invented Something?<br />Contact us directly:<br />Will Cardwell, Head, 040 514 1325<br />Pauli Laitinen teamleader+ innovationmanager, 050 338 0509<br />Panu Kuosmanen technologytransfermanager, 050 384 1600<br />Tapio Mäenpää Innovationmanager, 050 512 2485<br />Antti Aarnio, business development, 040 503 6634<br />Teemu Seppälä developmentmanagerTULI, 050 301 1192<br />Or looked at: http://ace.aalto.fi<br />21<br />
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