1. Aalto Ecosystem for
Entrepreneurs & Innovators
Triple Helix Workshop @ Stanford
Tapio Siik
November 15th, 2012

2. Tapio Siik
Head of Aalto Center for Entrepreneurship (ACE)
• Education: M.Sc., SW Technology & Computer Science (TUT), IMD
• Companies: Softplan, ABB, Intergraph, Nokia, XN-Ventures, Aalto,…
• Experience: Engineering, Marketing, Sales, Venturing, VC, Consultancy,…
• Hobbies: Endurance sports, Motorcycles, Music,…
• More details can be found at:
• LinkedIn: www.linkedin.com/pub/tapio-siik/0/3/886
• Facebook: www.facebook.com/ats2k

3. Aalto University
A merger of three leading Finnish higher education institutes in 2010
Art & Design Science & Technology, Economics,
founded 1871 founded 1849 founded 1911
•

4. Aalto University
• Comprises today six schools that represent
technology, business, art & design
• A community of 20,000 students, 4,700 faculty &
staff of whom 340 are professors
• More than 90 Bachelor’s and Master’s programs
• Foundation format, close cooperation with the
business world
• Annual budget 400M€
• Main campuses in Helsinki and Espoo in Finland

5. ENTREPRENEURSHIP & INNOVATION:
STRATEGIC ISSUES FOR AALTO UNIVERSITY

6. Core strategies and Key Performance Indicators
Societal Impact
The national mission of the university is to
support Finland’s success and contribute to
Finnish society, its internationalization and
competitiveness, and to promote the welfare
of its people through research and by
educating responsible, broad-minded experts
to act a s society’s visionaries and change
agents.
KPIs:
• Stakeholders’ perception of Aalto Aalto Entrepreneur
• Total income from non-academic partners and the Society is the largest,
average amount of funding per non-academic partner most active
community for
• Total number of employees and the annual turnover in young entrepreneurs
companies that have their roots in Aalto in the whole of
• Commissions of trust for domestic and international Europe.
public and private institutions
< Back to chart

7. CO-DEVELOPMENT WITH
STANFORD TECHNOLOGY VENTURES PROGRAM
AVP GOALS AND CURRICULUM
An active partnership with two-way flow of faculty visits
and interaction in research and teaching development

8. http://www.youtube.com/watch?v=WRlbS-
mmoT4&feature=channel&list=UL

9. Startup Sauna
7 weeks, 400 applicants globally, 20 teams
Coached by Serial Entrepreneurs

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

11. AppCampus
• A three year project, based in
Aalto 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 most
exciting innovation project EVER!
11

12. How you can
Accelerate with AppCampus
• Awards: 20-50-70.000 euro / App
• Coaching & Education, Product-oriented
• Professional SW-Dev. Process & Quality Assurance
• Network & Marketing Support, Marketplace & Nokia Store
• Co-working space
Online submission: appcampus.fi
12

13. Aalto Factories
“Aalto University supports multidisciplinary research
by creating and encouraging opportunities for
spontaneous and dynamic cooperation between
experts from different fields”.
Factories: a Form for Multidisciplinary Opportunities
• Design Factory
• Media Factory
• Service Factory
The factories are environments for learning, teaching,
research and co-creation between universities,
companies and society.

14. Aalto University Growth Entrepreneurship
Acceleration Co-working Internship Education ACE
Programs Environments Programs Programs Commerzialization
Aalto Center for Entrepreneurship
Open Aalto
Business
Startup Innovation Ventures
Opportunity
Sauna House Program
Assessment
M.Sc.
ADF Aalto
Summer
Startup Executive
of
Life Education
Startups AVG
MBA
Aalto Entrepreneurship Society

15. PROCESS STAGES
AALTO COMPETENCE COMMERCIALIZATION PROCESS
CONCEPT CUSTOMER
APPLICATIONS EVALUATION
DEVELOPMENT VALIDATION
NEED BUSINESS BUSINESS
& POTENTIAL MODELING
INVENTION APPROACH & &
DISCLOSURES & TECHNICAL FINANCING
& BENEFITS FEASIBILITY ROADMAP
BUSINESS IDEA & & &
INITIATIVES COMPETITION TEAM BUILDING THE
& & TEAM
CASE PROFILE VALIDATION &
1. Spinout PLAN TECHNOLOGY
2. IP license/sale PILOTING
Spin-offs
300 250 50 IP Licensing
TUTL 15

17. ACE Key Performance Indicators
KPI 2008 2009 2010 2011 2012
H1
# Invention Disclosures 80 89 111 120 75
# Priority Patents Filed 13 7 20 50 22
# Startup Companies Founded 4 5 15 12 4
(Forecast for H2) (5)
€ Funds Raised by Startups Na Na Na 11.7m 1.0m
(# of rounds) (6) (2)
€ Licensing Income 500k 60k 370k 80k 70k

18. Challenges
(after 6 months in this game)
• Attitude, attitude & attitude!
• Awareness & Communication!
• Red tape → inefficiencies
• Sandboxes
• Desire to over manage
• Fear
– To say “no”
– To make a decision
– To _not_ use the money/funding

19. Further information:
aalto.fi
youtube.com
/aaltouniversity
facebook.com
/aaltouniversity