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

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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

3

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. 

1

AudioDraftAudioDraft offers companies a new and innovative way to order custom made audio from the artist and audio designer community by creating audio competitions. 

2

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

3

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/