Presentation to Ministry of Economy and Employment


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Response to Gordon Murray presentation

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  • Stanford: 12b, Harvard 28b, MIT 8b.
  • KEY MESSAGE: Not all cases become start ups. Not all are patented. Exceptional cases are put forward with speed (external IP, mature case). Some cases lack commercial potential and/or require more research / thinking. Other organizations are linked by ACE.NOT TO MENTION: only the best ones are selected in evaluation.
  • Presentation to Ministry of Economy and Employment

    1. 1. Enabling<br />GrowthEntrepreneurship<br />Will Cardwell<br />will.cardwell(at)<br />KASVUYRITYSKATSAUS 2011<br />
    2. 2. Gordon’sRecommendations<br />Decide to become a Magnet for Entrepreneurs.<br />Target Top 5 in GEDI Indexby2015<br />CommunicateFinnishopportunitiesglobally<br />PhyscalPresence/ Social Media / Video<br />Design an taxsystemattractive to entrepreneurialrisktakers<br />AddPotentialfor AssymetricFundStructures<br />Ensureoneworld-classFinnishuniversity in prioritytechnologies/ science (STEM) and in entrepreneurship<br />Whatarewedoing at Aalto?<br />2<br />
    3. 3. Aalto Center for EntrepreneurshipBuilding successful companies that create <br />jobs and prosperity.<br />
    4. 4. The Four cornerstones of ACEBuilding successful companies <br />that create jobs and prosperity.<br />Entrepreneurship <br />Education<br />Entrepreneurship<br />Research<br />Growth<br />Venturing and<br /> Start-Up Services<br />Innovation Services<br />and Technology<br />Transfer<br />
    5. 5. Highlights for ACE 2010<br />This is a start, but a LONGway to go…<br />111<br />Record number of inventions from Aalto.<br />Record number of priority patent applications filed based on Aalto Research.<br />50<br />Record number of startups formed from Aalto-based ideas.<br />15<br />Significant new license sales to Industry.<br />€*<br />Strong new partnership with Stanford Technology Ventures and Stockholm School of Entrepreneurship.<br />2<br />
    6. 6. Estimate for 2011 figures<br />Not all ideas are Commercialized, but all are Evaluated<br />Directed to other supporting organizations<br />Back to community with feedback<br />200<br />10<br />Proposal<br />Evaluation<br />Start-ups<br />300<br />250<br />Concept development<br />30<br />Validation<br />10<br />Intellectual Property Rights<br />50<br />10<br />5<br />Licenses<br />Innovation ‘fast track’<br />
    7. 7. 7<br />Mark Zuckerberg, Founder of Facebook<br />Youthand Energy (1)<br /><ul><li>Startearly!
    8. 8. Universities will probably drive the next Black Swan.
    9. 9. And, DON’T BE PATIENT!</li></li></ul><li>Youthand Energy (2)<br /><ul><li>Attract founders, who are ideally young, energetic and possibly migrants
    10. 10. Support them PATIENTLY, embracing “near-death experiences</li></li></ul><li>9<br />About 26<br />About 34<br />
    11. 11. PartialList of Aalto Entrepreneurship ExperientialLearning<br />Stanford Collaboration<br />Visitors: Seelig, Byers, Novitsky, Blank, Glick, Lyons, Katila, Sarasvathy, manymanymore<br />Significant Research activities<br />Courses ME3120, MSE273, more coming<br />StartupSaunas: 16 Warm-ups, 2 Majors<br />Summer of Startups: Bigger and betterthan 2010<br />Summer of Enternship: Students2FinnishStartups<br />Startuplife: Students2ValleyStartups<br />SignificantCross-BorderResearchwith Stanford<br />Visitors: Seelig, Byers, Novitsky, Blank, Glick, Lyons, Katila, Sarasvathy, manymanymore<br />Speakers: rolemodels<br />
    12. 12.
    13. 13.
    14. 14. FinalWords<br />Changehasbegun<br />Please look closely at decisionsthatcreate new programsratherthandoublingdown on whatappears to beworking.<br />LiftingupRoleModels and CelebratingIteration, Failure and Re-BirthareParamount!<br />13<br />
    15. 15. 14<br />Any Ideas? Invented Something?<br />Will Cardwell, Head, will.cardwell(at)<br /> Pauli Laitinen, Innovation Services Team Leader, pauli.laitinen(at)<br /> Or look at:<br />
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