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Aalto Center for Entrepreneurship
Building successful companies that create
jobs and prosperity.
Will Cardwell
Head, Aalto Center for
Entrepreneurship
A merger of three leading Finnish higher
education institutes: business, art &
technology
Aalto University
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
??
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
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
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
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
Stanford Center for Professional Development •
Copyright © 2010 Stanford UniversityCopyright © 2010 Stanford University
Our Partnership with Stanford
underlies much of our work…
8
PwC
ACE Stage gate
9
2011
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

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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

  1. 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
  2. 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
  3. 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
  4. 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.
  5. 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.