ACE Presentation at Aalto School of Arts and Design


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  • Wehavehadthemalready in a way, buthavetroublecapturingmarketvalue.Nokia: 2.50 to 60 (1994 to 2001, then 40 to 10 (2008 to present)Whyaretheyimportantnow:Employment? Wealth? RoleModel? AllthreeA Big StoryA SimpleStoryAn EfficientEcosystemDrive / Adhere to TrendsFast
  • ACE Presentation at Aalto School of Arts and Design

    1. 1. Growing the Ambition Level of Entrepreneurshipwithin Aalto<br />For Aalto School of Arts and Design<br />Will.Cardwell@Aalto.Fi<br />
    2. 2. My Experience<br />EDUCATION<br />CEO / PARTNER/ DIRECTOR<br />LTT-Research Finance Institute, <br />EqvitecAdvisors/RobertsonStephens, <br />EqvitecVenturePartners,<br />Valimo Wireless, ConorVenturePartners,<br />TechnopolisVentures, ACE<br />Bedford Hills, LinkhorneSchool,<br />EC Glass, Davidson College, <br />Aalto School of Economics, <br />University of North Carolina-Chapel Hill, <br />Aalto School of Science and Technology<br />ADVISOR / INVESTMENT BANKER<br />INVESTOR/BOARD MEMBER<br />F-Secure, Iobox, Codetoys, Digia, Solid, Footbalance, Microtask, severalongoing<br />Valimo Wireless, Smartner/Seven, Frends, Rissa Communications, NS Sports Management, Technopolis Ventures<br />2<br />
    3. 3. What is ACE Today ?<br />xES<br />Entrepreneurship <br />Education<br />NoteCombo of<br />Academic<br />And<br />Practice!<br />Entrepreneurship<br />Research<br />Innovation Services<br />and Technology<br />Transfer<br />Growth<br />Venturing and<br /> Start-Up Services<br />
    4. 4. ACE Innovation Services today and tomorrow *<br />* This is ”Practice” part and it is Critical to future of Finland and mustberesourcedaccordingly!!<br />
    5. 5. Innovation Management Process<br />ACE<br />Administrative - ownership <br />Evaluation – 200-300 inventions and ideas<br />IP<br />Business development<br />Feasibility<br />Development1<br />20-30 cases+ <br />50k€<br />Radical<br />Innovations<br />1-3<br />IP<br />ACE team<br />Entrepreneur<br />team<br />Busdev.<br />ACE team+<br />coaches<br />Dev 2<br />5 cases+ <br />150k€<br />equity<br />Licensing<br />High growth<br />Start-up<br />Transfer/Marketing<br />Portfolio &<br />License management (50-80 patent families)<br />
    6. 6. The Counter-IntuitiveReality of the Black Swan<br />Link<br />6<br />
    7. 7. 1. Great FinnishStories in Outlier and Black Swan Framework<br /><ul><li>DefiesPrediction
    8. 8. Makes a MassiveImpact
    9. 9. WemakeupExplanationsAfterward
    10. 10. Endowedwith an unfairadvantange.
    11. 11. Extremepractice and work</li></ul>Haveweeverhadany, and whyaretheysoimportanttoday?<br />
    12. 12. 2. On Risk-taking and Failure…<br />Ecosystem: promotespioneering spirit embracing uncertainty, risk-taking and tolerating failure<br />Entrepreneur: Youmustnotfail! (butits OK ifyoudo, keeptrying!)<br />You just cannothave a Plan B !!<br />Link<br />Link<br />8<br />
    13. 13. 3. On Youth and Energy…<br />Ecosystem: Attract founders, who are ideally young, energetic and possibly migrants, and support them patiently<br />Entrepreneur: Startearly! Universities will probably drive the next Black Swan. And, DON’T BE PATIENT!<br />9<br />
    14. 14. About<br />34<br />About<br />26<br />10<br />
    15. 15.<br /><br />aaltogarage<br />
    16. 16. …and italreadyworks!<br />
    17. 17. 4. On Customers…<br />Ecosystem: Willingcustomersparticipate in trial and errorprocesswithinnovators.<br />Entrepreneur: Get out of the officeall the time – live and breathewithcustomers.<br />And customers: ifyoudon’tpay, youarepart of the productorservice, act likeit!<br />Link<br />13<br />
    18. 18. 5a. On Teams<br />Entrepreneur: Bring in the bestwherevertheycomefrom (and manywillcomefromabroad!)<br />Ecosystem: Freedom offered to talent who should not be snatched from start-ups. Talent (and capital!) MUST be mobile!<br />Link<br />14<br />
    19. 19. 5b. On Teams<br />15<br />Link<br />
    20. 20. 6a. On Pricing Technologies<br />Link<br />
    21. 21. 6b. On Pricing Technologies<br />17<br />Link<br />
    22. 22. 7. On How to be a VC<br />18<br />Link<br />
    23. 23. Whatarewetrying to do at ACE to enablethis?<br />A Deep International Network<br />Bringworld-classlecturers, practitioners and studentsIN<br />SendourcommunityOUT to globalhotspots.<br />SupportREGULARbootcamps and eventsaroundkeythemes<br />Createwinning IP strategies<br />Raise the overallIMAGE of GrowthEntrepreneurship<br />Collaboratefluentlywithour national and regionalecosystem!<br />Getgreatideas into the marketFAST!<br />19<br />
    24. 24. SelectSpin-offs and Start-UpsfromAalto University<br />SomePast<br />Start-Ups<br />Hybrid Graphics<br />F-Secure<br />Sulake<br />Rovio<br />Solid<br />… manyothers<br />
    25. 25. Any Ideas? Invented Something?<br />Contact us directly:<br />Will Cardwell, Head, 040 514 1325<br />Pauli Laitinen, Innation Services teamleader, 050 338 0509<br />Or looked at:<br />21<br />