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presentation to French entrepreneurs with Stanford Technology Ventures Team.
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Will CardwellHead, Aalto Center for Entrepreneurship
Enablers of Growth Entrepreneurship –Company and Policy Views.
1. Background
Aalto University engagesits students in a passionateculture of seeking new knowledge, learning and research.
A generation of thought leaders
Tuula Teeri, Aalto University
A merger of three leading Finnish highereducation institutes: business, art & technology
Aalto University
Why do we believe startups are important?Raising the next generation of changemakers.
90%of new jobs and radical innovationsare born in new technologycompanies, startups
Aalto Center for EnterpreneurshipBuilding 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
Innovation researchSME research
??
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 and Stockholm School of Entrepreneurship.
2
Largest VC funding round of recent history in Finland for research-based company went to Beneq (9m€), which relies significantly on Aalto expertise
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
9M€
3M€ Large funding round to Canatu and Blaast (3+m€), recent Aalto spinouts (i.e. based on Aalto IP)
Highlights from companies
PowerkissPowerkiss technology provides a simple, user-friendly and efficient way of keeping all your dear devices charged on top of any surface.
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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
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2. Case: Valimo
Mobile Identity ManagementMobile Payments
Mobile Signatures /WPKI
A Short Case Study: Valimo Wireless
What the Solution Looked Like
Entities involved
END USER
BANKValimo iD
Server
Validator - MSSP
OPERATOR
Web Bank
Certificate Repository
CA
OTA Gateway
Action Flow
User Database
Bank’s own or Trusted Third Party
In 2004, Our Partners Were…
In 2004, Our Customers Were…
GamingGovernment
mServicesCorporate Authentication
Fixed
Mobile
ePaymentDigital Signing
ISP
eBanking Digital TV
mBanking
Media
mGaming
Public Services
Retail
Mobile Operators
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
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3. Messages to entrepreneurs & policy-makers
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For ”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-Makingunder High Uncertainty
Steve Jurvetson, Managing Director, DFJ
Video Link
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On risk taking and failuresEcosystem: promotes pioneering spirit embracing uncertainty, risk-taking and tolerating failure
Video Link
On risk taking and failuresEntrepreneur: you must not fail! (but BTW its OK if you do, keep trying!)
Tina Seelig, Executive Director, STVP
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 possibly migrants, and support them patiently
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
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On Customer DevelopmentEcosystem: Willing customers participate in trial and errorprocess with innovators. Entrepreneur: Get out of the office all the time – live and breathe with customers.
Steve Blank, Seriel Entrpreneur
Video Link
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 willcome from abroad!) 31
Martin Eberhard, Co-founder, Tesla Motors
Video Link
32
Link
On team-building (b)Ron Conway & Mike Maples
Video Link
On the Value of Technology (a)
Video Link
On the Value of Technology (b)
34Link
John Doerr, KPCB
Video Link
35
Any Ideas? Invented Something?Contact us directly: Will Cardwell, Head, 040 514 1325Pauli Laitinen, Innovation Services Team Leader, 050 338 0509
Or look at: http://ace.aalto.fi