The Aalto Center for Entrepreneurship (ACE) is focused on building successful companies that create jobs through entrepreneurship education, research, venturing, and innovation services at Aalto University. Aalto University was formed by the merger of three leading Finnish higher education institutions in business, art, and technology. In 2010, ACE had record numbers of inventions from Aalto, patents sold to Finnish industry, and startups formed from Aalto-based ideas. Notable success stories include Rovio, creators of Angry Birds, and Remedy Entertainment. ACE works to efficiently realize the economic potential of ideas and inventions through its competence commercialization process and partnerships with institutions like Stanford.

1. Will Cardwell Head, Aalto Center for Entrepreneurship Aalto Center for EntrepreneurshipBuilding successful companies that create jobs and prosperity.

2. Aalto University A merger of threeleadingFinnishhighereducationinstitutes: business, art & technology

3. Innovation research SME research ?? The fourcornerstones of ACEBuilding successful companies that create jobs and prosperity. Entrepreneurship Education Entrepreneurship Research Growth Venturing and Start-Up Services Innovation Services and Technology Transfer

4. Highlights for ACE 2010Major new sales of Aalto patents to Finnish industry. 111 Record number of inventions from Aalto. 50 Record number of priority patent applications filed based on Aalto Research. Record number of startups formed from Aalto-based ideas. 15 2 Strong new partnership with Stanford Technology Ventures and Stockholm School of Entrepreneurship.

5. Highlightsfromcompanies We see many things in the ecosystem around Aalto that are encouraging: NO:1&2 Aalto startups Rovio (Angry Birds!) and Remedy Entertainment created number 1 and 2 global game titles . Largest VC funding round of recent history in Finland for research-based company went to Beneq (9m€), which relies significantly on Aalto expertise 9M€ 3M€ Large funding round to Canatu and Blaast (3+m€), recent Aalto spinouts (i.e. based on Aalto IP)

6. Aalto competence commercialization process Competence Commercialization Process completely re-vamped to efficiently realize economic potential of ideas and inventions Aalto community Proposal Evaluation, concept development & validation of knowledge Start-ups Business Potential Intellectual Property Rights Feasibility Intellectual property Licenses

7. 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. Our Partnership with Stanford underlies much of our work… 8

9. ACE Stage gate 9 2011

10. 10 Any Ideas? Invented Something? Contact us directly: Will Cardwell, Head, 040 514 1325 Pauli Laitinen, Innovation Services Team Leader, 050 338 0509 Or look at: http://ace.aalto.fi