Berlin presentation
description
Transcript of Berlin presentation
[email protected], Director
Enabling Black Swans – Entrepreneurial University, Start-ups, and the Innovation Ecosystem
German – Finnish Dialogues29th October 2010Berlin
EntrepreneurshipResearch
Entrepreneurship Education
Innovation Servicesand TechnologyTransfer
GrowthVenturing and
Start-Up Services
What is ACE Today ?
xES NoteCombo ofAcademic
AndPractice!
by 2020 Enormous impact on globally challenging problems
by 2015 Finland into the top ten high-growth communities in the world
2010-2011 Producing success stories and building confidence in Aalto community and beyond
The Vision of ACE
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 20110
100000
200000
300000
400000
500000
600000
700000
Annual IPR Licences
2002 2003 2004 2005 2006 2007 2008 2009 2010 20110
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4
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10 10 10
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45
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14Spin outs
2006 2007 2008 2009 2010 20110
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60
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5066
8089
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180
412 13 7
22
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Inventions
priority applications
Invention Disclosures
TKK08 MIT08 TODAI08 Yissum08 Aalto 20110
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18IP activity benchmarks
Inventions/100 researchers
priority filings/100 researchers
ACE Innovation Services in Numbers
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How Will We Do this?
By creating an environment friendly to
the emergence of positive Black
Swans…
And capturing a better share of the
value this time!
Caveats and Disclaimers• I AM saying:
– Finland/Europe needs to create MANY €100MM+ growth companies to make the demographic math of the future work
– We, as University communities, can lay the foundations for their birth and growth, but it is challenging and we must LEARN how to do that
• I AM NOT saying:– That everybody should tune their startup to try to be a Black
Swan– That the guys at the Black Swans will (necessarily) be the
richest, though hopefully so…– That we can even guarantee any Black Swans will emerge
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What’s a Black Swan in this Context ?• Defies Prediction• Makes a Massive Impact• We make up Explanations
Afterward
Have we ever had any, and why are they so important today?
The Counter-Intuitive Reality of the Black Swan
Link8
5 Conditions that must be present to raise the probability of Positive Black Swans
Plus, what it means for the Entrepreneur!
* Props to my friend and colleague Herve Lebret at EPFL for much of the research and thinking here, see his book ”The Startup Book”
1. On Passion…• Ecosystem: promotes and
rewards passion and ambition• Entrepreneur: Focus on huge,
game-changing problems
…and, lets not beat the billion euro ambition out of our founders !
Link10
2. On Risk-taking and Uncertainty…• Ecosystem: promotes
pioneering spirit embracing uncertainty, risk-taking and tolerating failure
• Entrepreneur: You must not fail! (but its OK if you do, keep trying!)
You just cannot have a Plan B !!Link Link
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3. On Youth and Energy…• Ecosystem: Attract founders,
who are ideally young, energetic and possibly migrants, and support them patiently
• Entrepreneur: Start early! Universities will probably drive the next Black Swan. And, DON’T BE PATIENT!
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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
About26
About34
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Cisco’s Growth
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4. On Customers…• Ecosystem: Innovation and
commercialization via a trial and error process, this includes customers !
• Entrepreneur: Get out of the office all the time – live and breathe with customers.
And customers: if you don’t pay, you are part of the product or
service, act like it!
Link15
5. On Teams…• Ecosystem: Freedom offered to
talent who should not be snatched from start-ups. Talent (and capital!) MUST be mobile!
• Entrepreneur: Bring in the best wherever they come from.
Link16
What are we trying to do at ACE to enable this?
• A Deep International Network– Bring world-class lecturers, practitioners and students IN– Send our community OUT to global hotspots.
• Support REGULAR bootcamps and events around key themes
• Create winning IP strategies• Raise the overall IMAGE of Growth Entrepreneurship• Collaborate fluently with our national and regional
ecosystem!
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aaltovg.comtwitter.com/aaltogarage
Its their world,we just live in it !!
Spin-offs from Aalto University
Is the nextBlack Swan in
this list !?!
Or here ??
Any Ideas? Invented Something?
Contact us directly:
Will Cardwell, Head, 040 514 1325
Pauli Laitinen team leader+ innovation manager, 050 338 0509
Panu Kuosmanen technology transfer manager, 050 384 1600
Tapio Mäenpää Innovation manager, 050 512 2485
Antti Aarnio, business development, 040 503 6634
Teemu Seppälä development manager TULI, 050 301 1192
Or looked at: http://ace.aalto.fi
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