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Presentation to German-Finnish Dialogues

Presentation to German-Finnish Dialogues

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

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