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An Entrepreneurial University –
Work in Progress



Will Cardwell
Head, Aalto Center for Entrepreneurship
Aalto University
A merger of three leading Finnish higher
education institutes: business, art &
technology
Aalto University

A unique community:
• 4,300 faculty and staff, including 300 professors
• 20,000 students
• 75,000 alumni

Total annual budget 400 million € (2011)



Vision 2020
   The best connect and succeed at Aalto University, an institution
   internationally recognized for the impact of its science, art and learning.




                                 3
Aalto Center for Entrepreneurship
Building successful companies that create
jobs and prosperity.
Innovation research
The four cornerstones of ACE            SME research
                                                    ??
Building successful companies
that create jobs and prosperity.

Entrepreneurship    Entrepreneurship
Education                   Research


Innovation Services           Growth
and Technology         Venturing and
Transfer            Start-Up Services
Highlights for ACE 2010

111   Inventions Disclosure

 50   Priority patent applications filed based on Aalto
      Research.
 15   Number of startups formed from Aalto-based
      ideas.
  3   New partnerships with Stanford Technology
      Ventures Program, Stockholm School of
      Entrepreneurship, and Tokyo University
Estimate for 2011 figures



    New transparent tech transfer process

                                         Directed to other supporting organizations

                       Back to community with feedback

                                     200                 10
   Proposal             Evaluation
                                                                              Start-ups
                                             Concept
                                           development
                                                              Validation
      300                   250               30                 10          Intellectual
                                                                           Property Rights




                  50                 5                   10                   Licenses

                             Innovation ‘fast track’
SWOT Analysis of Building
Entrepreneurial University at Aalto
Strengths                               Weaknesses
•Strong (national) student movement     •Inability to plan long-term yet due to
•Willingness to let students lead       annual budget cycle
•Reasonable current funding situation   •Lack of entrepreneurial mindset in
•Committed and competent coaches        most researchers
•Good team forming at ACE and           •General lack of ambition
process gaining traction                •Lack of private seed capital
Opportunities                           Threats
•Strong research potential and role     •General government chaos in
models among professors                 Finland
•Partnerships, Stanford in particular   •Annual turnover of students
•Leadership in talented Baltic Rim      •Inability to leverage Arts and Design
•Spike in international VC              school
•EIT, Nokia                             •Nokia



                            8
THANKS!
Will.cardwell@aalto.fi

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Aalto university eu delegation in israel

  • 1. An Entrepreneurial University – Work in Progress Will Cardwell Head, Aalto Center for Entrepreneurship
  • 2. Aalto University A merger of three leading Finnish higher education institutes: business, art & technology
  • 3. Aalto University A unique community: • 4,300 faculty and staff, including 300 professors • 20,000 students • 75,000 alumni Total annual budget 400 million € (2011) Vision 2020 The best connect and succeed at Aalto University, an institution internationally recognized for the impact of its science, art and learning. 3
  • 4. Aalto Center for Entrepreneurship Building successful companies that create jobs and prosperity.
  • 5. Innovation research The four cornerstones of ACE SME research ?? Building successful companies that create jobs and prosperity. Entrepreneurship Entrepreneurship Education Research Innovation Services Growth and Technology Venturing and Transfer Start-Up Services
  • 6. Highlights for ACE 2010 111 Inventions Disclosure 50 Priority patent applications filed based on Aalto Research. 15 Number of startups formed from Aalto-based ideas. 3 New partnerships with Stanford Technology Ventures Program, Stockholm School of Entrepreneurship, and Tokyo University
  • 7. Estimate for 2011 figures New transparent tech transfer process Directed to other supporting organizations Back to community with feedback 200 10 Proposal Evaluation Start-ups Concept development Validation 300 250 30 10 Intellectual Property Rights 50 5 10 Licenses Innovation ‘fast track’
  • 8. SWOT Analysis of Building Entrepreneurial University at Aalto Strengths Weaknesses •Strong (national) student movement •Inability to plan long-term yet due to •Willingness to let students lead annual budget cycle •Reasonable current funding situation •Lack of entrepreneurial mindset in •Committed and competent coaches most researchers •Good team forming at ACE and •General lack of ambition process gaining traction •Lack of private seed capital Opportunities Threats •Strong research potential and role •General government chaos in models among professors Finland •Partnerships, Stanford in particular •Annual turnover of students •Leadership in talented Baltic Rim •Inability to leverage Arts and Design •Spike in international VC school •EIT, Nokia •Nokia 8