Designing an Entrepreneurial Aalto

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Presentation given on SEP 27 to Espoo Syystreffit at Dipoli in Otaniemi

Transcript of Designing an Entrepreneurial Aalto

Will.Cardwell@Aalto.Fi

Designing an EntrepreneueuralAalto

For Syystreffit 2012

Summary of the Aalto University StrategyVision The best connect and succeed at Aalto University, an institution

internationally recognised for the impact of its science, art and learning.

Goal A world-class university by year 2020

Universal mission

Contributions to a better world

Nationalmission

Competitiveness and welfare of Finland

Strategic enablersLeadership; Internationalisation; Services; Infrastructure

Culture built on common valuesPassion; Courage; Freedom; Responsibility; Integrity

Core strategies and KPIs

Research excellence

Original, impactful,interdiciplinary

Pioneeringeducation

Students in focus, a new learning culture

and approaches

Trend-setting art

Art, architecture anddesign as key driversfor improving living

environments

Societalimpact

Adding value throughentrepreneurship,

business liaison andsocietal interactions

Schools Arts, Design and Architecture; Chemical Technology; Economics; Electrical Engineering; Engineering; Science

6 Keys to Growth Entrepreneur’s Mindset

• Reward Risk-Taking and Tolerate Failure• Encourage Black Swan Thinking• Engage in Customer Development• Build Diverse and Global Teams• Enable Effective Pitching to Investors• Operate both Broad-based and Highly

Competitive Programs

Aalto Entrepreneurship EducationBuilding Blocks

1. Aalto Ventures Program2. Summer of Startups3. Startup Life4. Startup Sauna5. ACE Pre-Seed6. AppCampus

AaltoES –Aalto Venture

Garage

Aalto School of Science

ACE –Aalto Center for

Entrepreneurship

ENTREPRENEURSHIP: A STRATEGIC ISSUE FOR AALTO UNIVERSITY

Aalto Ventures Program (AVP): Strengthening the academic dimensions of entrepreneurship at Aalto University (with Stanford)

Summer of Startups – ”Intern Substitute”10 weeks, 40 students, Global.

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Startup Sauna7 weeks, 400 applicants globally, 20 teamsCoached by Serial Entrepreneurs

AppCampus

• A three year project, based inAalto university: a fusion of engineering + business + design

• Funded with 21M€ by Microsoft, Nokia and Aalto University.

• A new kind of accelerator for next generation of mobile experience

We think AppCampus is the mostexciting innovation project EVER!

10

Positioning Entrepreneurial ProgramsExecute

11Educate

BusinessProduct

A! Aalto University Faculties

The Aalto Startup CommunityWhat Has Happened Recently

Blaast €3M investments by global investors, launched mobile cloud in southeast Asian operatorsCampalyst Startup Sauna winner who went on to win of Seedcamp NYEniram name fastest growing Greentech company in Deloitte fast 500Flowdock announced $650k funding round of US seed investors (including Mårten Mickos)Kiosked lands big investment and grows quicklyMendor €8 million euro of VC financing, Red Herring 100 finalistModz significant financing round, founder Salla Koski wins 2nd prize among European woman inventorsMulti Touch launched world’s largest multiuser, multitouch display, €2M investment in August 2011Nexstim €13M funding for commercializing Navigated Brain Stimulation solutionsRemedy Entertainment Death Rally highly successful on iOS, with 1.8 paid downloadRovio sets every possible growth record in mobile gaming, showing how to branch into new marketsSenseg named on of Time Magazines 50 most important inventionsScoopinion winner of 250k Sanoma Foundation Innovation AwardSupercell dominating iOS App StoreZenRobotics 13m euro investment

Other 2012 Highlights• First Aalto equity spinout completed. Name is Public in the Fall.• 1st Summer of Startups team selected for top US accelerator Y-Combinator (Kippt)• 1st Startup Life interns returning to build up a new company.• The Finnish venture capital fund Inventure announced that it will offer a 100euro

investment to the winners of the next 3 Startup Saunas.• At least 5 Aalto-related startup companies have equity funding from the Valley in

2012: Blaast, Flowdock, Kippt, Ovelin, NN) totaling about 3m dollars.• Ovelin, Audiodraft, Kiosked, Mendor, Powerkiss, Modz, Senseg awarded by Red

Herring and Wired.

• Extremely promising strategic relationships with Stanford and soon other Universities in hotspots around the world…

THANKS!Will.Cardwell@Aalto.fi