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Money talks   will cardwell
 

Money talks will cardwell

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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

Money talks   will cardwell Money talks will cardwell Presentation Transcript

  • Outliers, Black Swans, and InternationalizingourEcosystem
    Will.Cardwell@Aalto.Fi
  • 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!!
  • Finland’s (and Europe’s) Challenge
    4
    Creating
    Growth
    In order to makethishappen,wewillneed to dosomethingsdifferently – whatwearedoingis notworkingwellenough…
  • Summary of Finnish high-tech company capital raising activity – Q32010
    Finnish high-tech companies announced raising nearly €30 million of risk capital during Q3 of 2010.
    The quarterly amount was comparable to Q3 2009, when Finnish high-tech companies were able to attract around €29 million euros of financing.
    The amount of investments remained equivalent to the prior year’s Q3 activity, however, the average investment size in Q3 2008 was significantly smaller
    TECHNOPOLIS PLC 14 December 2010
    5
  • In Israel (1)
    6
  • The following is how I viewthat the values of Finland’sinnovationecosystemneed to berecalibrated, and how Aalto will help…
    7
  • The Counter-IntuitiveReality of the Black Swan
    Link
    8
  • Outliers and Black Swan explained.
    • DefiesPrediction
    • Makes a MassiveImpact
    • WemakeupExplanationsAfterward
    • Endowedwith an unfairadvantange.
    • Extremepractice and work
    Haveweeverhadany, and whyaretheysoimportanttoday?
  • Caveats and Disclaimers
    I AMsaying:
    Finland/Europeneeds to create MANY €200MM+ growthcompanies to make the demographicmath of the futurework
    We, as a University community, 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
    10
  • 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
    11
  • 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
    12
  • 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!
    13
  • About
    34
    About
    26
    14
  • 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
    16
  • 5. 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
    17
  • 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!
    18
  • 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
    20