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Presentation to Ministry of Economy and Employment

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Response to Gordon Murray presentation

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.

Transcript

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