Response to Gordon Murray presentation

1. Enabling GrowthEntrepreneurship Will Cardwell will.cardwell(at)aalto.fi KASVUYRITYSKATSAUS 2011

2. Gordon’sRecommendations Decide to become a Magnet for Entrepreneurs. Target Top 5 in GEDI Indexby2015 CommunicateFinnishopportunitiesglobally PhyscalPresence/ Social Media / Video Design an taxsystemattractive to entrepreneurialrisktakers AddPotentialfor AssymetricFundStructures Ensureoneworld-classFinnishuniversity in prioritytechnologies/ science (STEM) and in entrepreneurship Whatarewedoing at Aalto? 2

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

4. The Four cornerstones of ACEBuilding successful companies that create jobs and prosperity. Entrepreneurship Education Entrepreneurship Research Growth Venturing and Start-Up Services Innovation Services and Technology Transfer

5. Highlights for ACE 2010 This is a start, but a LONGway to go… 111 Record number of inventions from Aalto. Record number of priority patent applications filed based on Aalto Research. 50 Record number of startups formed from Aalto-based ideas. 15 Significant new license sales to Industry. €* Strong new partnership with Stanford Technology Ventures and Stockholm School of Entrepreneurship. 2

6. Estimate for 2011 figures Not all ideas are Commercialized, but all are Evaluated Directed to other supporting organizations Back to community with feedback 200 10 Proposal Evaluation Start-ups 300 250 Concept development 30 Validation 10 Intellectual Property Rights 50 10 5 Licenses Innovation ‘fast track’

8. Universities will probably drive the next Black Swan.

11. PartialList of Aalto Entrepreneurship ExperientialLearning Stanford Collaboration Visitors: Seelig, Byers, Novitsky, Blank, Glick, Lyons, Katila, Sarasvathy, manymanymore Significant Research activities Courses ME3120, MSE273, more coming StartupSaunas: 16 Warm-ups, 2 Majors Summer of Startups: Bigger and betterthan 2010 Summer of Enternship: Students2FinnishStartups Startuplife: Students2ValleyStartups SignificantCross-BorderResearchwith Stanford Visitors: Seelig, Byers, Novitsky, Blank, Glick, Lyons, Katila, Sarasvathy, manymanymore Speakers: rolemodels

14. FinalWords Changehasbegun Please look closely at decisionsthatcreate new programsratherthandoublingdown on whatappears to beworking. LiftingupRoleModels and CelebratingIteration, Failure and Re-BirthareParamount! 13

15. 14 Any Ideas? Invented Something? Will Cardwell, Head, will.cardwell(at)aalto.fi Pauli Laitinen, Innovation Services Team Leader, pauli.laitinen(at)aalto.fi Or look at: http://ace.aalto.fi