EnablingGrowth Entrepreneurship

Will Cardwellwill.cardwell(at)aalto.fi

KASVUYRITYSKATSAUS 2011

2

Gordon’s Recommendations

• Decide to become a Magnet for Entrepreneurs.– Target Top 5 in GEDI Index by 2015

• Communicate Finnish opportunities globally– Physcal Presence / Social Media / Video

• Design an tax system attractive to entrepreneurial risk takers– Add Potential for Assymetric Fund Structures

• Ensure one world-class Finnish university in priority technologies/ science (STEM) and in entrepreneurship– What are we doing at Aalto?

Aalto Center for EntrepreneurshipBuilding successful companies that create jobs and prosperity.

The Four cornerstones of ACEBuilding successful companies that create jobs and prosperity.

EntrepreneurshipResearch

Entrepreneurship Education

Innovation Servicesand TechnologyTransfer

GrowthVenturing and

Start-Up Services

Highlights for ACE 2010This is a start, but a LONG way to go…

Record number of inventions from Aalto.11150

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

Significant new license sales to Industry.€*

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

10

550

200 10

Directed to other supporting organizations

7

Youth and Energy (1)• Start early! • Universities will probably drive the next Black Swan. • And, DON’T BE PATIENT!

Mark Zuckerberg, Founder of Facebook

Youth and Energy (2)• Attract founders, who are ideally young,

energetic and possibly migrants• Support them PATIENTLY, embracing “near-

death experiences

Company Foundation Founder Age

Microsoft 1975 Bill Gates 20

Microsoft 1975 Paul Allen 22

Oracle 1977 Larry Ellison 33

Apple 1976 Steve Jobs 21

Apple 1976 Steve Wozniak 26

Cisco 1984 Len Bosack 29

Cisco 1984 Sandra Lerner 29

Sun 1982 Vinod Khosla 27

Sun 1982 Bill Joy 28

Sun 1982 Andy Bechtolsheim 26

Google 1998 Larry Page 25

Google 1998 Sergey Brin 25

eBay 1995 Pierre Omidyar 28

eBay 1995 Jeff Skoll 30

Yahoo 1995 David Filo 29

Yahoo 1995 Jerry Yang 27

Netscape 1994 Marc Andreesen 23

Intel 1968 Robert Noyce 41

Intel 1968 Andy Grove 32

Amazon 1994 Jeff Bezos 30

HP 1939 Bill Hewlett 26

HP 1939 David Packard 27

Dell 1984 Michael Dell 19

Founder Company Age

Hasso Plattner SAP 28

Dietmar Hopp SAP 32

Hans-Werner Hector SAP 32

Klaus Tschira SAP 32

Francis Bernard Dassault >36

Pier Luigi Zappacosta Logitech 30

Daniel Borel Logitech 30

Bernard Liautaud Business Objects 27

Denis Payre Business Objects 27

Jamie Urquhart ARM 32

Mike Muller ARM 31

Tudor Brown ARM 31

André Auberton-Hervé Soitec 31

Jean-Michel Lamure Soitec 44

James Collier CSR 40

Glenn Collison CSR 35

Mike Lynch Autonomy 31

Richard Gaunt Autonomy 28

Marc Lassus Gemplus 49

Daniel Le Gal Gemplus 37

9

About 26 About 34

Partial List of Aalto Entrepreneurship Experiential Learning• Stanford Collaboration

– Visitors: Seelig, Byers, Novitsky, Blank, Glick, Lyons, Katila, Sarasvathy, many many more

– Significant Research activities– Courses ME3120, MSE273, more coming

• Startup Saunas: 16 Warm-ups, 2 Majors

• Summer of Startups: Bigger and better than 2010

• Summer of Enternship: Students2FinnishStartups

• Startuplife: Students2ValleyStartups

• Significant Cross-Border Research with Stanford

• Visitors: Seelig, Byers, Novitsky, Blank, Glick, Lyons, Katila, Sarasvathy, many many more

• Speakers: role models

Final Words

• Change has begun• Please look closely at decisions that

create new programs rather than doubling down on what appears to be working.

• Lifting up Role Models and Celebrating Iteration, Failure and Re-Birth are Paramount!

13

14

Any Ideas? Invented Something?Will Cardwell, Head, will.cardwell(at)aalto.fiPauli Laitinen, Innovation Services Team Leader, pauli.laitinen(at)aalto.fi

Or look at: http://ace.aalto.fi