This document discusses entrepreneurship programs at Aalto University. It provides an overview of several initiatives to support entrepreneurship education including the Aalto Ventures Program, Summer of Startups, Startup Life, Startup Sauna, and AppCampus. It also highlights some successful startups that originated from these programs and notes that Aalto University aims to strengthen the academic dimensions of entrepreneurship and operate both broad-based and highly competitive entrepreneurship programs.

1. Designing an Entrepreneueural
Aalto
For Syystreffit 2012
Will.Cardwell@Aalto.Fi

2. Summary of the Aalto University Strategy
The best connect and succeed at Aalto University, an institution
Vision internationally recognised for the impact of its science, art and learning.
Goal A world-class university by year 2020
Universal Contributions National Competitiveness
mission to a better world mission and welfare of Finland
Core
Trend- Societal
strategies Research Pioneering
setting art impact
excellence education
and KPIs Students in focus,
Art, architecture and Adding value through
Original, impactful, design as key drivers entrepreneurship,
a new learning culture
interdiciplinary for improving living business liaison and
and approaches
environments societal interactions
Strategic enablers
Leadership; Internationalisation; Services; Infrastructure
Culture built Passion; Courage; Freedom; Responsibility; Integrity
on common values
Schools Arts, Design and Architecture; Chemical Technology; Economics;
Electrical Engineering; Engineering; Science

3. 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

4. Aalto Entrepreneurship Education
Building Blocks
Aalto
1. Aalto Ventures Program School of
Science
2. Summer of Startups
3. Startup Life AaltoES –
Aalto Venture
Garage
4. Startup Sauna
5. ACE Pre-Seed ACE –
Aalto Center for
Entrepreneurship
6. AppCampus

5. ENTREPRENEURSHIP: A STRATEGIC ISSUE FOR AALTO UNIVERSITY
Aalto Ventures Program (AVP): Strengthening the academic
dimensions of entrepreneurship at Aalto University (with Stanford)

6. Summer of Startups – ”Intern Substitute”
10 weeks, 40 students, Global.

7. 7

8. Startup Sauna
7 weeks, 400 applicants globally, 20 teams
Coached by Serial Entrepreneurs

10. AppCampus
• A three year project, based in
Aalto 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 most
exciting innovation project EVER!
10

11. Positioning Entrepreneurial Programs
Execute
Product Business
A! Aalto University Faculties
Educate
11

12. The Aalto Startup Community
What Has Happened Recently
Blaast €3M investments by global investors, launched mobile cloud in southeast Asian operators
Campalyst Startup Sauna winner who went on to win of Seedcamp NY
Eniram name fastest growing Greentech company in Deloitte fast 500
Flowdock announced $650k funding round of US seed investors (including Mårten Mickos)
Kiosked lands big investment and grows quickly
Mendor €8 million euro of VC financing, Red Herring 100 finalist
Modz significant financing round, founder Salla Koski wins 2nd prize among European woman
inventors
Multi Touch launched world’s largest multiuser, multitouch display, €2M investment in August 2011
Nexstim €13M funding for commercializing Navigated Brain Stimulation solutions
Remedy Entertainment Death Rally highly successful on iOS, with 1.8 paid download
Rovio sets every possible growth record in mobile gaming, showing how to branch into new
markets
Senseg named on of Time Magazines 50 most important inventions
Scoopinion winner of 250k Sanoma Foundation Innovation Award
Supercell dominating iOS App Store
ZenRobotics 13m euro investment

13. 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…

14. THANKS!
Will.Cardwell@Aalto.fi