Aalto Center for Entrepreneurship -- Finland
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The Aalto Center for Entrepreneurship (ACE) works to build successful companies from Aalto University research that create jobs and prosperity. ACE focuses on entrepreneurship, research, education, and innovation services/technology transfer. In 2010, ACE achieved record numbers of inventions, patent applications, and startups formed from Aalto-based ideas. Notable successes include large funding rounds for companies like Beneq and partnerships with institutions like Stanford. Going forward, ACE aims to efficiently realize the economic potential of ideas and inventions through its commercialization process.
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Aalto Center for Entrepreneurship -- Finland
- 1. Aalto Center for Entrepreneurship Building successful companies that create jobs and prosperity. Will Cardwell Head, Aalto Center for Entrepreneurship
- 2. A merger of three leading Finnish higher education institutes: business, art & technology Aalto University
- 3. The four cornerstones of ACE Building successful companies that create jobs and prosperity. Entrepreneurship Research Entrepreneurship Education Innovation Services and Technology Transfer Growth Venturing and Start-Up Services Innovation research SME research ??
- 4. Highlights for ACE 2010 Major new sales of Aalto patents to Finnish industry. Record number of inventions from Aalto.111 50 15 Record number of priority patent applications filed based on Aalto Research. Record number of startups formed from Aalto- based ideas. Strong new partnership with Stanford Technology Ventures and Stockholm School of Entrepreneurship. 2
- 5. Largest VC funding round of recent history in Finland for research-based company went to Beneq (9m€), which relies significantly on Aalto expertise We see many things in the ecosystem around Aalto that are encouraging: Aalto startups Rovio (Angry Birds!) and Remedy Entertainment created number 1 and 2 global game titles . NO:1&2 9M€ 3M€ Large funding round to Canatu and Blaast (3+m€), recent Aalto spinouts (i.e. based on Aalto IP) Highlights from companies
- 6. Aaltocommunity Start-ups Licenses Intellectual Property Rights Aalto competence commercialization process Competence Commercialization Process completely re-vamped to efficiently realize economic potential of ideas and inventions Proposal Evaluation, concept development & validation of knowledge Business Potential Feasibility Intellectual property
- 7. Estimate for 2011 figures Not all ideas are Commercialized, but all are Evaluated 300 250 30 10 Start-ups Licenses Intellectual Property Rights Innovation ‘fast track’ EvaluationProposal Concept development Validation Back to community with feedback 10550 200 10 Directed to other supporting organizations
- 8. Stanford Center for Professional Development • Copyright © 2010 Stanford UniversityCopyright © 2010 Stanford University Our Partnership with Stanford underlies much of our work… 8
- 10. 10 Any Ideas? Invented Something? Contact us directly: Will Cardwell, Head, 040 514 1325 Pauli Laitinen, Innovation Services Team Leader, 050 338 0509 Or look at: http://ace.aalto.fi
Editor's Notes
- by 2020 Enormous impact on globally challenging problems by 2015 Finland into the top ten high-growth communities in the world 2010-2011 Producing success stories and building confidence in Aalto Community and Beyond
- by 2020 Enormous impact on globally challenging problems by 2015 Finland into the top ten high-growth communities in the world 2010-2011 Producing success stories and building confidence in Aalto Community and Beyond
- by 2020 Enormous impact on globally challenging problems by 2015 Finland into the top ten high-growth communities in the world 2010-2011 Producing success stories and building confidence in Aalto Community and Beyond
- KEY MESSAGE: ‘competence commercialization’ is the structured way of working with submitted ideas & inventions. Investment decisions are done by ACE management based on assessment on three streams. All decisions are documented and communicated to inventors. Aim is to handle all cases with same level of intensity and give all equal chance to prove potential. NOT TO MENTION: Customer can choose route and get investments by own decision. Process is only for investing money into cases. process is highly structured with detailed descriptions of what to do.
- 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.