Designing an Entrepreneurial Aalto
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Summary of the Aalto University StrategyVision The best connect and succeed at Aalto University, an institution
internationally recognised for the impact of its science, art and learning.
Goal A world-class university by year 2020
Universal mission
Contributions to a better world
Nationalmission
Competitiveness and welfare of Finland
Strategic enablersLeadership; Internationalisation; Services; Infrastructure
Culture built on common valuesPassion; Courage; Freedom; Responsibility; Integrity
Core strategies and KPIs
Research excellence
Original, impactful,interdiciplinary
Pioneeringeducation
Students in focus, a new learning culture
and approaches
Trend-setting art
Art, architecture anddesign as key driversfor improving living
environments
Societalimpact
Adding value throughentrepreneurship,
business liaison andsocietal interactions
Schools Arts, Design and Architecture; Chemical Technology; Economics; Electrical Engineering; Engineering; Science
6 Keys to Growth Entrepreneur’s Mindset
• Reward Risk-Taking and Tolerate Failure• Encourage Black Swan Thinking• Engage in Customer Development• Build Diverse and Global Teams• Enable Effective Pitching to Investors• Operate both Broad-based and Highly
Competitive Programs
Aalto Entrepreneurship EducationBuilding Blocks
1. Aalto Ventures Program2. Summer of Startups3. Startup Life4. Startup Sauna5. ACE Pre-Seed6. AppCampus
AaltoES –Aalto Venture
Garage
Aalto School of Science
ACE –Aalto Center for
Entrepreneurship
ENTREPRENEURSHIP: A STRATEGIC ISSUE FOR AALTO UNIVERSITY
Aalto Ventures Program (AVP): Strengthening the academic dimensions of entrepreneurship at Aalto University (with Stanford)
Summer of Startups – ”Intern Substitute”10 weeks, 40 students, Global.
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Startup Sauna7 weeks, 400 applicants globally, 20 teamsCoached by Serial Entrepreneurs
AppCampus
• A three year project, based inAalto 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 mostexciting innovation project EVER!
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Positioning Entrepreneurial ProgramsExecute
11Educate
BusinessProduct
A! Aalto University Faculties
The Aalto Startup CommunityWhat Has Happened Recently
Blaast €3M investments by global investors, launched mobile cloud in southeast Asian operatorsCampalyst Startup Sauna winner who went on to win of Seedcamp NYEniram name fastest growing Greentech company in Deloitte fast 500Flowdock announced $650k funding round of US seed investors (including Mårten Mickos)Kiosked lands big investment and grows quicklyMendor €8 million euro of VC financing, Red Herring 100 finalistModz significant financing round, founder Salla Koski wins 2nd prize among European woman inventorsMulti Touch launched world’s largest multiuser, multitouch display, €2M investment in August 2011Nexstim €13M funding for commercializing Navigated Brain Stimulation solutionsRemedy Entertainment Death Rally highly successful on iOS, with 1.8 paid downloadRovio sets every possible growth record in mobile gaming, showing how to branch into new marketsSenseg named on of Time Magazines 50 most important inventionsScoopinion winner of 250k Sanoma Foundation Innovation AwardSupercell dominating iOS App StoreZenRobotics 13m euro investment
Other 2012 Highlights• First Aalto equity spinout completed. Name is Public in the Fall.• 1st Summer of Startups team selected for top US accelerator Y-Combinator (Kippt)• 1st Startup Life interns returning to build up a new company.• The Finnish venture capital fund Inventure announced that it will offer a 100euro
investment to the winners of the next 3 Startup Saunas.• At least 5 Aalto-related startup companies have equity funding from the Valley in
2012: Blaast, Flowdock, Kippt, Ovelin, NN) totaling about 3m dollars.• Ovelin, Audiodraft, Kiosked, Mendor, Powerkiss, Modz, Senseg awarded by Red
Herring and Wired.
• Extremely promising strategic relationships with Stanford and soon other Universities in hotspots around the world…