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). 5
Aalto Center for Entrepreneurship
The four cornerstones of ACEBuilding successful companiesthat create jobs and prosperity. Entrepreneurship Entrepreneurship Education Research Innovation Services Growth and Technology Venturing and Transfer Start-Up Services
ACE impacting Aalto Community ACCELERATING VENTURES DRIVING INNOVATIONS TAKING RISK ENCOURAGING AND SUPPORTINGINCREASING AWARENESS Aalto community / Aalto value creation process research
Roles Participation of key internal stakeholders in Aalto competence commercialization Participation Inventor / teamDepartment ACE team Process Start-ups phase Aalto community / Concept Proposal Evaluation Validation IP research development Licences
Aalto Value Creation Process Concept development Business Start-upsAalto community potential Evaluation Validation Proposal Immaterial Feasibility Property Rights Intellectual property Licenses
Highlights for ACE 2010111 Record number of inventions from Aalto. 25 Record number of priority patent applications filed by Aalto Researchers. 15 Record number of startups formed from Aalto- based ideas. 2 Strong new partnership with Stanford Technology Ventures and Stockholm School of Entrepreneurship.Major new sales of Aalto patents to Finnish industry.
Licensing opportunitiesThe IP transfer is defined based on- geographical coverage- application areas: 1. Non-exclusive license 2. Exclusive license 3. IP purchase -> all rights transferred- In most cases Aalto University helps with customer’s R&D by research services
Why startups are important?
90%of new jobs andradical innovationsare born innew technologycompanies,startups
Unique OpportunityTIME magazine announced their annual “Best Of 2010” and two Finnish based gaming companiesshined on top in the Video Games of the year: Alan Wake” by Remedy Entertainment, and thesecond place to the mobile game “Angry Birds”, produced by Rovio Mobile. Both have backgroundsfrom the former Helsinki University of Technology, that was later merged into Aalto University in2010.Remedy’s CEO Matias Myllyrinne states:“The wisdom acquired at Aalto University certainly assisted in building the foundations of ourcompany. Now, we actively follow innovations from Aalto, and scout for fresh talent. There is nodoubt in my mind that many new game concepts will come out of Aalto in the future, especiallydue to the tighter integration of design with technology development.”
Highlights from companiesWe see many things in the ecosystem aroundAalto that are encouraging:NO:1&2 Aalto startups Rovio and Remedy Entertainment created number 1 and 2 global game titles . Largest VC funding round of recent 9M€ history in Finland for research-based company went to Beneq (9m€), which relies greatly on Aalto expertise 3M€ Large funding round to Canatu (3+m€), which is an Aalto spinout (based on Aalto IP)
Elsi TechnologiesElsi safety floor is a new generation monitoring andSecurity system for elderly care.
MultiTouch LtdMultiTouch Ltd manufactures table – and wall-sizedmultitouch displays.
Virtual Air Guitar CompanyVirtual Air Guitar Company is a next generation (Xbox 360,PS3 and PC) game developer.
ZenRobotics 8ZenRobotics Ltd., is specializing in robotic recycling technology,which separates raw materials from waste.
Talent Opportunity:Aaltoes EnternshipFor growth oriented Finnish startups aiming at globalmarkets.2,5 month paid summer internship for students (50/50).Aaltoes organizes events such as Startup BBQs and keynotes at AaltoVenture Garage with Summer of Startups.Startups assign a mentor (eg. CEO) to guide the student.More info http://aaltoes.com/enternship
How can we serve you?Teemu Seppälä, Marketing Manager, +358 50 301 1192http://ace.aalto.fi