3. A generation of thought leaders
Aalto University engages
its students in a passionate
culture of seeking new
knowledge, learning and
research.
Tuula Teeri, Aalto University
4. Aalto University
A merger of three leading Finnish higher
education institutes: business, art &
technology
5. Why do we believe startups are important?
Raising the next generation of changemakers.
6. 90%
of new jobs and
radical innovations
are born in
new technology
companies,
startups
7. Aalto Center for Enterpreneurship
Building successful companies that create
jobs and prosperity.
8. Innovation research
The four cornerstones of ACE SME research
??
Building successful companies
that create jobs and prosperity.
Entrepreneurship Entrepreneurship
Education Research
Innovation Services Growth
and Technology Venturing and
Transfer Start-Up Services
9. Highlights for ACE 2010
Major new sales of Aalto patents to Finnish
industry.
111 Record number of inventions from Aalto.
50 Record number of priority patent applications filed
based on Aalto Research.
15 Record number of startups formed from Aalto-
based ideas.
2 Strong new partnership with Stanford Technology
Ventures and Stockholm School of
Entrepreneurship.
10. Highlights from companies
We see many things in the ecosystem around
Aalto that are encouraging:
NO:1&2 Aalto startups Rovio (Angry Birds!) and
Remedy Entertainment created number 1
and 2 global game titles
.
Largest VC funding round of recent
9M€ history in Finland for research-based
company went to Beneq (9m€), which
relies significantly on Aalto expertise
3M€ Large funding round to Canatu and
Blaast (3+m€), recent Aalto spinouts
(i.e. based on Aalto IP)
11. 1 Powerkiss
Powerkiss technology
provides a simple,
user-friendly and
efficient way of keeping
all your dear devices
charged on top of any
surface.
12. 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.
13. ZenRobotics
2 ZenRobotics 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
15. A Short Case Study: Valimo Wireless
Mobile Payments Mobile Identity Management
Mobile Signatures /WPKI
16. What the Solution Looked Like
Entities involved
BANK Action Flow
Valimo iD
END USER Web Bank Server
CA
Bank’s own or
Trusted Third Party
User
Database
Certificate
Repository
OPERATOR
Validator
- MSSP
OTA
Gateway
18. In 2004, Our Customers Were…
Mobile
Mobile Operators
mGaming
mBanking
Corporate mServices
Authentication
Digital ePayment
Signing
Public eBanking Digital TV
Services
Government Gaming
ISP Media
Retail
Fixed
19. WHAT PUT US OVER THE
TOP? Finnish Network
HR Agility Facebook
Roberto Carlos
Focused IP
Reverse Learning
WHAT HELD US BACK?
Dripfed Finance Complex Ecosystem
Unproductive Partnerships
Distressed Customers
Small home market
Uneducated Public
Fragmented Technical Solutions
21. For ”Startup DNA” in Europe
Focus on extreme competence and competitive
advantage. Extreme work. Positioning such that
companies thrive amid totally unpredictable
market shifts
21
22. Steve Jurvetson, Managing Director, DFJ
A Grounding for Decision-Making
under High Uncertainty
Video Link
23. On risk taking and failures
Ecosystem: promotes pioneering spirit embracing
uncertainty, risk-taking and tolerating failure
23 Video Link
24. Tina Seelig, Executive Director, STVP
On risk taking and failures
Entrepreneur: you must not fail! (but BTW its OK
if you do, keep trying!)
Video Link
25. Mark Zuckerberg, Founder of Facebook
On Youth and Energy
Entrepreneur: Start early! Universities will probably
drive the next Black Swan. And, DON’T BE
PATIENT!
25
26. On Youth and Energy
Ecosystem: Attract founders, who are ideally young,
energetic and possibly migrants, and support them
patiently
27. Company Foundation Founder Age Founder Company Age
Microsoft 1975 Bill Gates 20 Hasso Plattner SAP 28
Microsoft 1975 Paul Allen 22 Dietmar Hopp SAP 32
Oracle 1977 Larry Ellison 33 Hans-Werner Hector SAP 32
Apple 1976 Steve Jobs 21 Klaus Tschira SAP 32
Apple 1976 Steve Wozniak 26 Francis Bernard Dassault >36
Cisco 1984 Len Bosack 29 Pier Luigi Zappacosta Logitech 30
Cisco 1984 Sandra Lerner 29 Daniel Borel Logitech 30
Sun 1982 Vinod Khosla 27 Bernard Liautaud Business Objects 27
Sun 1982 Bill Joy 28 Denis Payre Business Objects 27
Sun 1982 Andy Bechtolsheim 26 Jamie Urquhart ARM 32
Google 1998 Larry Page 25 Mike Muller ARM 31
Google 1998 Sergey Brin 25 Tudor Brown ARM 31
eBay 1995 Pierre Omidyar 28 André Auberton-Hervé Soitec 31
eBay 1995 Jeff Skoll 30 Jean-Michel Lamure Soitec 44
Yahoo 1995 David Filo 29 James Collier CSR 40
Yahoo 1995 Jerry Yang 27 Glenn Collison CSR 35
Netscape 1994 Marc Andreesen 23 Mike Lynch Autonomy 31
Intel 1968 Robert Noyce 41 Richard Gaunt Autonomy 28
Intel 1968 Andy Grove 32 Marc Lassus Gemplus 49
Amazon 1994 Jeff Bezos 30 Daniel Le Gal Gemplus 37
HP 1939 Bill Hewlett 26
HP 1939 David Packard 27
Dell 1984 Michael Dell 19
27
30. Steve Blank, Seriel Entrpreneur
On Customer Development
Ecosystem: Willing customers participate in trial and error
process with innovators.
Entrepreneur: Get out of the office all the time – live and
breathe with customers. Video Link
31. Martin Eberhard, Co-founder, Tesla Motors
On team-building (a)
Freedom offered to talent who should not be snatched
from start-ups. Talent (+ capital!) MUST be mobile!
Bring in the best wherever they come from (and many will
come from abroad!) 31
Video Link
32. Ron Conway & Mike Maples
On team-building (b)
Link
32
Video Link
35. 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 35