An Entrepreneurial University –Work in ProgressWill CardwellHead, Aalto Center for Entrepreneurship
Aalto UniversityA merger of three leading Finnish highereducation institutes: business, art &technology
Aalto UniversityA unique community:• 4,300 faculty and staff, including 300 professors• 20,000 students• 75,000 alumniTotal 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 EntrepreneurshipBuilding successful companies that createjobs and prosperity.
Innovation researchThe four cornerstones of ACE SME research ??Building successful companiesthat create jobs and prosperity.Entrepreneurship EntrepreneurshipEducation ResearchInnovation Services Growthand Technology Venturing andTransfer Start-Up Services
Highlights for ACE 2010111 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 BuildingEntrepreneurial University at AaltoStrengths 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 ambitionprocess gaining traction •Lack of private seed capitalOpportunities Threats•Strong research potential and role •General government chaos inmodels 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