Overview of ACE
 Aalto Center for
Entrepreneurship

Will Cardwell, Director
Aalto University
A merger of three leading Finnish higher education institutes

Art & Design             Science &                 Economics,
founded 1871             Technology, founded       founded 1911
                         1849                      •
Aalto University
A unique community:
• 4,300 faculty and staff, including 300 professors
• 20,000 students
• 75,000 alumni

Total 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
Mission
    Aalto University works
    towards a better world by:

•   promoting top-quality and
    interdisciplinary research,
•   pioneering education,
•   surpassing traditional
    boundaries, and
•   embracing renewal.

    Aalto University educates
    responsible, broad-minded experts
    with a comprehensive understanding
                                                             by Hanna Maunuksela,
    of complex subjects to act as         Graduate of Aalto School of Art and Design
    society’s visionaries and agents of
    change.



                                  4
Schools
Six Schools (from January 2011)


• School of Art and Design
• School of Chemical Technology
• School of Economics
• School of Electrical Engineering
• School of Engineering
• School of Science
Research
“We are dedicated to long-term, high-quality research of
high scientific value and impact on society”.



             • Computation             • Global                    • Service
      Core




                             Growing




                                                        Emerging
               and                       economic                    Economy
               Modelling                 business
                                         processes                 • Digitization
             • Materials
                                       • Process and               • Energy
             • Design                    Systems
                                         Competance
                                                                   • Human-
             • ICT                                                   orientated
                                       • Architecture                living
             • Media                                                 environments
                                       • Art
The Four Cornerstones of ACE
Building successful companies
that create jobs and prosperity.

Entrepreneurship            Entrepreneurship
Education                          Research


Innovation Services           Growth
and Technology         Venturing and
Transfer            Start-Up Services

  Public Private Partnership between Aalto University and TEKES
Types Of Entrepreneurship

•   Lifestyle Entrepreneurship
•   Small Business Entrepreneurship
•   Scalable Entrepreneurship
•   Big Company Entrepreneurship
•   Social Entrepreneurship

• One size does NOT fit all!

                8
90%
of new jobs and
radical innovations
are born in
new technology
companies,
startups
Creating ”Startup DNA”
1. Focus where competitive advantage is
2. Enable and reward extreme work
3. Agility to thrive amid unpredictable market shifts

                    10
Silicon Valley Partnership
Partnership with Stanford – Go learn from
and with the Best.
Aalto Entrepreneurship Society
Student-run. +3000 members strong.
Summer of startups
10 weeks. 35 students. Global.
Startup Saunas
200 applicants, 10 startups.
Coached by real entrepreneurs with $200M VC raised and 20
exits among them
                                        Venture Garage Video
15
16
17
18
1 Powerkiss
  Powerkiss technology
  provides a simple,
  user-friendly and
  efficient way of keeping
  all your dear devices
  charged on top of any
  surface.
2
AudioDraft
AudioDraft offers
companies a new and
innovative way to order
custom made audio
from the artist and audio
designer community by
creating audio
competitions.
THANKS!
Will.cardwell@aalto.fi

Will cardwell ace nov 2011

  • 1.
    Overview of ACE Aalto Center for Entrepreneurship Will Cardwell, Director
  • 2.
    Aalto University A mergerof three leading Finnish higher education institutes Art & Design Science & Economics, founded 1871 Technology, founded founded 1911 1849 •
  • 3.
    Aalto University A uniquecommunity: • 4,300 faculty and staff, including 300 professors • 20,000 students • 75,000 alumni Total 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
  • 4.
    Mission Aalto University works towards a better world by: • promoting top-quality and interdisciplinary research, • pioneering education, • surpassing traditional boundaries, and • embracing renewal. Aalto University educates responsible, broad-minded experts with a comprehensive understanding by Hanna Maunuksela, of complex subjects to act as Graduate of Aalto School of Art and Design society’s visionaries and agents of change. 4
  • 5.
    Schools Six Schools (fromJanuary 2011) • School of Art and Design • School of Chemical Technology • School of Economics • School of Electrical Engineering • School of Engineering • School of Science
  • 6.
    Research “We are dedicatedto long-term, high-quality research of high scientific value and impact on society”. • Computation • Global • Service Core Growing Emerging and economic Economy Modelling business processes • Digitization • Materials • Process and • Energy • Design Systems Competance • Human- • ICT orientated • Architecture living • Media environments • Art
  • 7.
    The Four Cornerstonesof ACE Building successful companies that create jobs and prosperity. Entrepreneurship Entrepreneurship Education Research Innovation Services Growth and Technology Venturing and Transfer Start-Up Services Public Private Partnership between Aalto University and TEKES
  • 8.
    Types Of Entrepreneurship • Lifestyle Entrepreneurship • Small Business Entrepreneurship • Scalable Entrepreneurship • Big Company Entrepreneurship • Social Entrepreneurship • One size does NOT fit all! 8
  • 9.
    90% of new jobsand radical innovations are born in new technology companies, startups
  • 10.
    Creating ”Startup DNA” 1.Focus where competitive advantage is 2. Enable and reward extreme work 3. Agility to thrive amid unpredictable market shifts 10
  • 11.
    Silicon Valley Partnership Partnershipwith Stanford – Go learn from and with the Best.
  • 12.
  • 13.
    Summer of startups 10weeks. 35 students. Global.
  • 14.
    Startup Saunas 200 applicants,10 startups. Coached by real entrepreneurs with $200M VC raised and 20 exits among them Venture Garage Video
  • 15.
  • 16.
  • 17.
  • 18.
  • 19.
    1 Powerkiss Powerkiss technology provides a simple, user-friendly and efficient way of keeping all your dear devices charged on top of any surface.
  • 20.
    2 AudioDraft AudioDraft offers companies anew and innovative way to order custom made audio from the artist and audio designer community by creating audio competitions.
  • 21.