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Formation 2009[1]
Type non-profit organization run by students
Purpose Inspire international, high-growth entrepreneurship in Helsinki, Finland
6,600[citation needed]
Official language
English (as per internal communication)
Website http://aaltoes.com, http://startupsauna.com, http://startuplife.in, http://slush.fi,
Remarks Aaltoes is the largest community for university entrepreneurship in Europe.[2]

Aaltoes, also known as Aalto Entrepreneurship Society, is a non-profit organization run by students, based in Helsinki, Finland. Founded in 2009, Aaltoes has become synonymous to the rapid emergence of startup culture in Finland in 2008-2011.[3]

Aaltoes's purpose is to inspire international, high-growth entrepreneurship in Aalto University.[4]


Aaltoes was founded in spring 2009 by a group of students from Helsinki University of Technology, Helsinki School of Economics and University of Art and Design Helsinki, who saw that the entrepreneurial climate in Finnish universities did not support students or researchers who wanted to start companies and aim for international markets and high growth.[5]

Prior to the founding of Aaltoes, it was decided that in 2010 Helsinki University of Technology, Helsinki School of Economics and University of Art and Design Helsinki would be merged into a single university, known as Aalto University. The underlying reason behind the merger was similar to that of the founding of Aaltoes.

At first, Aaltoes started bringing forth entrepreneurial role models to inspire and encourage students to become entrepreneurs, soon expanding to organizing pitching evenings, hackathons, workshops and other events, where students and researchers could experiment, look for co-founders and learn by doing.[4]

In late 2009, as Aalto University was starting to gain its form, Aaltoes made a pitch for a space for young entrepreneurs to work on their companies at, ultimately gaining premises and a budget from the university for a 1,500 square meter industry hall on the university's campus in Otaniemi, Espoo. The co-working space would later become known as Aalto Venture Garage.[6]

In 2010, Aaltoes formulated some of its activities into two seed accelerator programs for very early-stage startups, later known as Startup Sauna and Summer of Startups.

Aaltoes was one of the main reasons for Aalto University to become the first official European partner of Stanford University's Technology Ventures Program (STVP) in 2011.[7] In co-operation with Aalto University, Aaltoes tightened the relationship with Stanford University by bringing several high profile people to Finland (for example Steve Blank[8]) and also taking a group of Aalto's faculty members to visit Stanford.[9]

Emergence in Finnish media[edit]

Aaltoes became known to the wider audience in Finland through the organizing of Suomi Hyvinvoinnin Jälkeen, which brought together Finnish industrial leaders such as Jorma Ollila, Björn Wahlroos and Risto Siilasmaa to discuss the future prospects of the Finnish economy and the importance of growth entrepreneurship for, bringing together a live audience of over 1,700 people.

The event itself gained wide national recognition, as Nokia's issues in the mobile industry had stirred a lot of discussion on these topics. After the event, Aaltoes was widely featured in the Finnish media, for instance Helsingin Sanomat and Image magazine both wrote lengthy feature stories of the society.[citation needed]

Aaltoes today[edit]

Today, Aaltoes organizes over a hundred events a year to encourage university entrepreneurship, while helping early-stage startups take off through different programs, such as Startup Sauna,[10] Summer of Startups[11] and Startup Life.

Aaltoes also maintains a 1,500 square meter co-working space on Aalto University's campus in Otaniemi, called Startup Sauna and is the main-organizer of Slush Helsinki (fi),[12] the largest startup conference in Northern Europe.

Winners of the Slush 2013 Demo Showcase include Weekdone and BetterDoctor.[13]

See also[edit]


  1. ^ "Ilmianna Suomen paras kesätyönantaja | TEK Verkkolehti" (in Finnish). Lehti.tek.fi. 2014-05-19. Retrieved 2015-09-19. 
  2. ^ "Europe’s academic innovators recognised in ACES awards" (PDF). Scierncebusiness.net. Retrieved 2015-09-19. 
  3. ^ Joanna Palmén (2011-08-22). "Uusi Suomi" (in Finnish). image.fi. Retrieved 2015-09-19. 
  4. ^ a b "About Aaltoes – The long story". Archived from the original on 27 January 2013. 
  5. ^ "Aallon unelmien rakentajat - Työelämä - Talouselämä" (in Finnish). Talouselama.fi. Retrieved 2015-09-19. 
  6. ^ "Piilaakso tuli Otaniemeen - Uutiset - Talouselämä" (in Finnish). Talouselama.fi. Retrieved 2015-09-19. 
  7. ^ "Aalto University selected by Stanford to build a leading entrepreneurial university". Archived from the original on 6 December 2013. 
  8. ^ "2REV". Steveblank.fi. Retrieved 2015-09-19. 
  9. ^ "Finnish Strong: Entrepreneurial Muscle in the Arctic North". Archived from the original on 21 December 2013. 
  10. ^ "Startup Sauna". Startup Sauna. 2013-06-16. Retrieved 2015-09-19. 
  11. ^ "Summer of Startups". Aaltoes. 2014-06-20. Retrieved 2015-09-19. 
  12. ^ "Slush 11.-12. marraskuuta | Slush 2015". Slush.fi. Retrieved 2015-09-19. 
  13. ^ Kelly, Gordon (2013-11-15). "Interview: Slush 2013 startup winners BetterDoctor and Weekdone (Wired UK)". Wired.co.uk. Retrieved 2015-09-19. 

External links[edit]