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The Finnish Entrepreneurial Ecosystem

Will Cardwell
Senior Advisor, Entrepreneurship and Venturing
Visiting Professor, Venture Capital and Entrepreneurship
Co-Founder, Aalto University Center for Entrepreneurship
December 3, 2013
Mons, Belgium

FINLAND / SINGAPORE / POLAND / SOUTH KOREA / TAIWAN / CHINA / INDONESIA / SWEDEN / RUSSIA
All Credit to:

Aalto Entrepreneurship Society, Startup Sauna Foundation, www.slush.org
the breakthrough teams at teams of Rovio, Supercell and others,
and Brad Feld, Startup Communities, for the framework.
Plus Startup Weekend Helsinki, Mehackit and many others
Photos: Yu Shen and Slush photography team

December 3, 2013

© Aalto University Executive Education

2
Question:
Has the Finnish Startup
Community Broken Through?
December 3, 2013

© Aalto University Executive Education

3
Evidence from www.Slush.org and
the press…

December 3, 2013

© Aalto University Executive Education

4
December 3, 2013

© Aalto University Executive Education

5
Principles of a Vibrant Startup Community
The “Leaders and Feeders” Model, or
The “Boulder Thesis

Why Boulder? Ask Kauffmann Foundation…
Participants in Startup Communities
•
•
•
•
•
•
•

Entrepreneurs
Government
Universities
Investors
Mentors
Service Providers
Large companies

LEADERS

F
E
E
D
E
R
S
4 Key Properties of
Successful
Startup Communities

December 3, 2013

© Aalto University Executive Education

8
1. Entrepreneurs must
lead the Startup Community, and…

December 3, 2013

© Aalto University Executive Education

9
2. The leaders must have a long-term commitment

December 3, 2013

© Aalto University Executive Education

10
3. the Startup Community must be inclusive of ANYONE
who wants to participate

December 3, 2013

© Aalto University Executive Education

11
4. and there must be continual
engagement of the entire
entrepreneurial stack! …

December 3, 2013

© Aalto University Executive Education

12
4. yes, the whole stack…

December 3, 2013

© Aalto University Executive Education

13
!!!!

December 3, 2013

© Aalto University Executive Education

14
University Involvement in the
Growth/ Startup Ecosystem
ROLES
• A community catalyst: a nerve
center where the startup
community convenes and
information spills over• A magnet, teacher and pipeline
for the next generation of
entrepreneurial and technology
talent
• A source of insight, ranging from
innovative ideas that can be
commercialized to policy
recommendations

KEY CHALLENGE
• Cross-campus collaboration is
generally not in the DNA of the
university

• Aalto seeks to change
the game by building
close collaboration
across its community

Brad Feld, Startup Communities, 2013
A few observations about
Kymenlaakso and Mons…

December 3, 2013

© Aalto University Executive Education

16
Thanks!

Will Cardwell
Will.cardwell@aaltoee.fi
December 3, 2013
Mons, Belgium
FINLAND / SINGAPORE / POLAND / SOUTH KOREA / TAIWAN / CHINA / INDONESIA / SWEDEN / RUSSIA

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Will presentation hamina mons workshop v2

  • 1. The Finnish Entrepreneurial Ecosystem Will Cardwell Senior Advisor, Entrepreneurship and Venturing Visiting Professor, Venture Capital and Entrepreneurship Co-Founder, Aalto University Center for Entrepreneurship December 3, 2013 Mons, Belgium FINLAND / SINGAPORE / POLAND / SOUTH KOREA / TAIWAN / CHINA / INDONESIA / SWEDEN / RUSSIA
  • 2. All Credit to: Aalto Entrepreneurship Society, Startup Sauna Foundation, www.slush.org the breakthrough teams at teams of Rovio, Supercell and others, and Brad Feld, Startup Communities, for the framework. Plus Startup Weekend Helsinki, Mehackit and many others Photos: Yu Shen and Slush photography team December 3, 2013 © Aalto University Executive Education 2
  • 3. Question: Has the Finnish Startup Community Broken Through? December 3, 2013 © Aalto University Executive Education 3
  • 4. Evidence from www.Slush.org and the press… December 3, 2013 © Aalto University Executive Education 4
  • 5. December 3, 2013 © Aalto University Executive Education 5
  • 6. Principles of a Vibrant Startup Community The “Leaders and Feeders” Model, or The “Boulder Thesis Why Boulder? Ask Kauffmann Foundation…
  • 7. Participants in Startup Communities • • • • • • • Entrepreneurs Government Universities Investors Mentors Service Providers Large companies LEADERS F E E D E R S
  • 8. 4 Key Properties of Successful Startup Communities December 3, 2013 © Aalto University Executive Education 8
  • 9. 1. Entrepreneurs must lead the Startup Community, and… December 3, 2013 © Aalto University Executive Education 9
  • 10. 2. The leaders must have a long-term commitment December 3, 2013 © Aalto University Executive Education 10
  • 11. 3. the Startup Community must be inclusive of ANYONE who wants to participate December 3, 2013 © Aalto University Executive Education 11
  • 12. 4. and there must be continual engagement of the entire entrepreneurial stack! … December 3, 2013 © Aalto University Executive Education 12
  • 13. 4. yes, the whole stack… December 3, 2013 © Aalto University Executive Education 13
  • 14. !!!! December 3, 2013 © Aalto University Executive Education 14
  • 15. University Involvement in the Growth/ Startup Ecosystem ROLES • A community catalyst: a nerve center where the startup community convenes and information spills over• A magnet, teacher and pipeline for the next generation of entrepreneurial and technology talent • A source of insight, ranging from innovative ideas that can be commercialized to policy recommendations KEY CHALLENGE • Cross-campus collaboration is generally not in the DNA of the university • Aalto seeks to change the game by building close collaboration across its community Brad Feld, Startup Communities, 2013
  • 16. A few observations about Kymenlaakso and Mons… December 3, 2013 © Aalto University Executive Education 16
  • 17. Thanks! Will Cardwell Will.cardwell@aaltoee.fi December 3, 2013 Mons, Belgium FINLAND / SINGAPORE / POLAND / SOUTH KOREA / TAIWAN / CHINA / INDONESIA / SWEDEN / RUSSIA