Aalto Center for Entrepreneurship (ACE)

Creating Business Value

from Science and Art

Ecosystem

•

Higher Education in Finland - 16 Universities and 25 University of Applied Sciences- Free of charge- Freshman 21 yrs, and graduate at 27 yrs- Admission by entance exams or grades

Aalto University• Formed 2010 by merging 3 Universities

2nd largest with 17 000 students• Bachelor, Master, Doctoral Degrees• 3 campuses• 6 schools

School of Engineering School of Economics School of Chemical Technology School of Science School of Electrical Engineering School of Art and Design

Keilaniemi-Otaniemi

• Academic institutions and over 800 companies

• Aalto-University, VTT, Nokia (Headquaters), Kone, Fortum, Neste Oil

• 32 000 people with 16 000 students and 16 000 professionals

Who

Aalto Center for EntrepreneurshipFormed 1st September 201016 employees • technology transfer, intellectual property

management, startup company services and teaching and research of growth entrepreneurship

Entrepreneurship Education

EntrepreneurshipResearch

Innovation Servicesand Technology

Transfer

GrowthVenturing and

Start-Up Services

School of Art and Design

School of Economics

School of Engineering

.

School of Electrical Engineering

School of Chemical Technology

School of Science

Entrepreprenuership Learning, N.N.

Entrepreprenuership Research, N.N.

Aalto Center for Entrepreneurship Personnel 2011

Marketing TeamWill Cardwell, Head of ACETeemu Seppälä, Marketing and Sales Manager Antti Aarnio, Business Development ManagerMika Friman, IT Coordinator

Mirjam Jalo-Löfroos, ACE Team Assistant

Strategy Manager, recruited staring 1.9.2011

ACE Equity and Grant Financial Strategy Manager, N.N.

ACE Communications, Zaira Mamadova (intern).

Innovation Services Team Pauli Laitinen, Head of ISRiina Salmivalli, Innovation Coordinator

Jussi TuurnalaInnovation

Transfermanager

Panu Kuosmanen

Technology Transfer Manager

Jari Rantala

Technology Transfer Manager

Tapio MäenpääTechnology

Transfer Manager

Matti Korpela

Technology Transfer Manager

Startup Services TeamN.N. Startup Services Manager: (recruiting)Ville Simola, CoordinatorNatalie Gaudet, Coordinator

An oldindustry hallfilled withstudentsalong withbest coachesandstartups

Aalto Venture Garage

Goals

• concrete results of taxpayers' support for basic research

• attract faculty, students an best researchers

• encourage industrial support of research

• new jobs for graduates

• economic development locally and nationally

ACE functionsKey Tasks

• Technology transfer and commercialization

• Services related to IP patenting and licensing

• Educate students and personnel on IP-issues

• Offer networks• Services related to forming a

company• Coordinate education and

research related to Growth Entrepreneurship

Goals• Promote entrepreneurial

mindset• Create eco-system for high-

ambition entrepreneurship• Finland into the top ten high-

growth communities in the world

Outcome

Results 2010

Total Number of Invention Disclosures 111

Patents filed by Aalto University 20

Patents filed to companies 30

Annual IPR licenses 0,4 M€

Number of Companies Started 15

Spin-offs from Aalto University

Largest VC funding round of recent history in Finland for research-based company went to Beneq (9m€), which relies greatly on Aalto expertise

Highlights from companiesWe see many things in the ecosystem around Aalto that are encouraging:

Aalto startups Rovio and Remedy Entertainment created number 1 and 2 global game titles (TIME Magazine).

NO:1&2

9M€

3M€ Large funding round to Canatu (3+m€), which is an Aalto spinout (based on Aalto IP)

PowerkissPowerkiss technology provides a simple, user-friendly and efficient way of keeping all your dear devices charged on top of any surface. 

1

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

3

ace.aalto.fi