Growing the Ambition Level of Entrepreneurshipwithin Aalto For Internet and Computing Forum Will.Cardwell@Aalto.Fi
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
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
ACE Innovation Services today and tomorrow * * This is ”Practice” part and it is Critical to future of Finland and mustberesourcedaccordingly!!
Great FinnishStories in Outlier and Black Swan Framework
Makes a MassiveImpact
Endowedwith an unfairadvantange.
Extremepractice and work
Haveweeverhadany, and whyaretheysoimportanttoday?
1. The Counter-IntuitiveReality of the Black Swan Link 6
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 7
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! 8
About 34 About 26 9
aaltovg.com twitter.com/ aaltogarage
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 11
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 12
5b. On Teams 13 Link
6a. On Pricing Technologies Link
6b. On Pricing Technologies 15 Link
7. On How to be a VC 16 Link
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! 17
SelectSpin-offs and Start-UpsfromAalto University SomePast Start-Ups Hybrid Graphics F-Secure Sulake Rovio Solid … manyothers
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 19