Aalto Center for Entrepreneurship
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21-Oct-2014 -
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Transcript of Aalto Center for Entrepreneurship
Will CardwellHead, Aalto Center for Entrepreneurship
Enablers of Growth Entrepreneurship – Company and Policy Views.
My Background and short case Study:Valimo Wireless
WHAT PUT US OVER THE TOP?
FacebookRoberto Carlos
HR Agility
Finnish Network
Reverse LearningFocused IP
WHAT HELD US BACK?
Complex Ecosystem
Unproductive PartnershipsDistressed Customers
Dripfed Finance
Fragmented Technical SolutionsUneducated Public
Small home market
The four cornerstones of ACEBuilding successful companies that create jobs and prosperity.
EntrepreneurshipResearch
Entrepreneurship Education
Innovation Servicesand TechnologyTransfer
GrowthVenturing and
Start-Up Services
Innovation researchSME research
??
Highlights for ACE 2010Major new sales of Aalto patents to Finnish industry.
Record number of inventions from Aalto.1115015
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, Stockholm School of Entrepreneurship, Tokyo University
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Degree of participation
Department
Inventor / team
ACE team
Aalto competence commercialization process
Aalto community /research Markets
Commitment from all parties is needed to make it happen!
Aal
to c
omm
unity
Start-ups
Licenses
Intellectual Property Rights
Proposal
Evaluation, concept development & validation of knowledge
Business potential
Feasibility
Intellectual property
Competence commercialization process
300 25030 10
Start-ups
15
Licenses
>200 k€ income
Intellectual Property Rights
15 prior. apps
Innovation ‘fast track’
Evaluation
Concept development
Validation
10550
200 10
All are evaluated, not all commercializedProposal
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- Inspiring Stanford Faculty on the potential of Finland- Inspiring Aalto community on value of Stanford collaboration - Identifying key Aalto faculty and student change-makers, and executing initial exchange
Click to edit Master text styles Click to edit Master text styles
Roadmap for Stanford Partnership
- Building out new curriculum contributions and adding courses- Continue inspiring, developing, and exchanging
2011
2012
2013
The program is 3-years, with the following high-level roadmap:
- Facilitating a growing amount of exchange- Building Aalto curriculum and offering first courses- Continuing inspiration, i.e. executing the Accel Roundtable on Entrepreneurship Education
Amount of VC into Finnish early and expansion stage companies through May 2011, 4x 2010 or 2009
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
92m€
2M€+ Large funding round to University spinouts, i.e. Canatu and Blaast, and more forthcoming
Some Positive Signs
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Messages to entrepreneurs & policy-makers
Why do we believe startups are important?Research shows almost all new jobs are created in comapanies under 5 years of age, so we must raise the next generation of changemakers.
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For ”High Growth Startup DNA” in EuropeFocus on extreme competence and competitive advantage. Extreme work. Positioning such that companies thrive amid totally unpredictable market shifts
A Grounding for Decision-Making under High Uncertainty
Steve Jurvetson, Managing Director, DFJ
Video Link
On the Value of Technology (a)
Kathy Ku, CEO, Stanford Licensing Office
Video Link
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On risk taking and failuresEcosystem: promotes pioneering spirit embracing uncertainty, risk-taking and tolerating failure
Video Link
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On Youth and EnergyEntrepreneur: Start early! Universities will probably drive the next Black Swan. And, DON’T BE PATIENT!
Mark Zuckerberg, Founder of Facebook
On Youth and EnergyEcosystem: Attract founders, who are ideally young, energetic and often migrants, and support them patiently
It is Happening!
PowerkissPowerkiss technology provides a simple, user-friendly and efficient way of keeping all your dear devices charged on top of any surface.
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AudioDraftAudioDraft offers companies a new and innovative way to order custom made audio from the artist and audio designer community by creating audio competitions.
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ZenRoboticsZenRobotics Ltd., is specializing in robotic recycling technology. The company's main product is ZenRobotics Recycler, a waste sorting system which separates raw materials from waste
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Do you have a potential success story waiting to be developed ?
File in the Invention or the Other Idea Online at http://ace.aalto.fi/