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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