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Money talks   will cardwell
Money talks   will cardwell
Money talks   will cardwell
Money talks   will cardwell
Money talks   will cardwell
Money talks   will cardwell
Money talks   will cardwell
Money talks   will cardwell
Money talks   will cardwell
Money talks   will cardwell
Money talks   will cardwell
Money talks   will cardwell
Money talks   will cardwell
Money talks   will cardwell
Money talks   will cardwell
Money talks   will cardwell
Money talks   will cardwell
Money talks   will cardwell
Money talks   will cardwell
Money talks   will cardwell
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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
  • Transcript

    • 1. Outliers, Black Swans, and InternationalizingourEcosystem
      Will.Cardwell@Aalto.Fi
    • 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. ACE Innovation Services today and tomorrow *
      * This is ”Practice” part and it is Critical to future of Finland and mustberesourcedaccordingly!!
    • 4. Finland’s (and Europe’s) Challenge
      4
      Creating
      Growth
      In order to makethishappen,wewillneed to dosomethingsdifferently – whatwearedoingis notworkingwellenough…
    • 5. 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
    • 6. In Israel (1)
      6
    • 7. The following is how I viewthat the values of Finland’sinnovationecosystemneed to berecalibrated, and how Aalto will help…
      7
    • 8. The Counter-IntuitiveReality of the Black Swan
      Link
      8
    • 9. Outliers and Black Swan explained.
      • DefiesPrediction
      • 10. Makes a MassiveImpact
      • 11. WemakeupExplanationsAfterward
      • 12. Endowedwith an unfairadvantange.
      • 13. Extremepractice and work
      Haveweeverhadany, and whyaretheysoimportanttoday?
    • 14. 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
    • 15. 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
    • 16. 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
    • 17. 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
    • 18. About
      34
      About
      26
      14
    • 19. aaltovg.com
      twitter.com/
      aaltogarage
    • 20. 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
    • 21. 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
    • 22. 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
    • 23. SelectSpin-offs and Start-UpsfromAalto University
      SomePast
      Start-Ups
      Hybrid Graphics
      F-Secure
      Sulake
      Rovio
      Solid
      … manyothers
    • 24. 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

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