News

Many Aalto Start-Up Center graduate companies display good growth

Over 3,000 jobs have been created by the companies that have graduated from the Start-Up Center.
aalto_university_startup-center_housewarming_30-1-2017_photo_mikko_raskinen_web_fi_fi_en_en.jpg

‘Many of the entrepreneurs who got their start in the Aalto Start-Up Center feel that our business accelerator has provided them with the skills for creating strong networks and engaging in fruitful co-operation. Their entrepreneurial spirit has become their brand,’ says Aalto Start-Up Center Project Director Marika Paakkala.

The progress of the companies that participate in the Start-Up Center is monitored even after the accelerator phase. Based on these assessments, it is evident that the operating profits of these fast-growing businesses can vary greatly between the years that they are monitored.

One example of a successful high-growth company is HyperIn, which got its start in the Start-Up Center in 2008. HyperIn is a leading enterprise resource planning service provider for the commercial real estate sector, and its services are used by many shopping malls in Europe and Asia. The HyperIn service is used e.g. for the management of digital guide and advertisement displays, mobile loyalty programme apps, and property enterprise resource planning.

‘Our business became profitable back in 2013, but in accordance with our strategy, our customer income flow is growing in every country at the cost of our profitability, which means that we're aiming for growth instead of profit,’ notes HyperIn's CEO Markus Porvari.

HyperIn has patented its technology and has also received the Top 100 Europe forum's Red Herring award for its innovations.

Adult gazelles are big and grow profitably

In the Start-Up Center, fast-growing companies, or gazelle companies, are divided into four groups. Adult gazelles are big and grow profitably. Wasteful gazelles are big, but are not growing profitably. Fawns are still small, but growing profitably. Premature fawns are small and growing, but not yet profitable.

HyperIn is an example of an adult gazelle. A company can be called a gazelle when it fulfils the four criteria that have been specified by the Danish Borsen magazine: during the 2012-2015 assessment period, turnover growth must be over 100 per cent from the first financial statement to the last. In addition, the company's turnover must be positive and over EUR 135,000 in each of the four financial years, and their operating profit must be positive.

The Aalto Start-Up Center business accelerator began its operations in the Helsinki School of Economics in 1997. Arabus, the School of Art and Design's business incubator, was incorporated into the Start-Up Center in 2009. When Aalto University was formed in the beginning of 2010, the name 'Aalto Start-Up Center' was established as the official name of the business accelerator.

  • Published:
  • Updated:
Share
URL copied!

Related news

Two lab-coated women in a laboratory looking at pipes.
Cooperation, Studies Published:

Chemistry and business students developed plant-based products with Valio

A team of two Master’s students collaborated with Valio in a 6-month Aalto Thesis project.
Kauppakorkeakoulun Vuoden Alumni 2020 Pekka Ala-Pietilä. Kuva: Heidi Piiroinen/Sanoma.
Cooperation, Honoured Published:

Pekka Ala-Pietilä is the School of Business Alumnus of the Year 2020

Life is a learning journey where learning as such never ends, explains Pekka Ala-Pietilä, chairman of the boards of directors of packaging manufacturer Huhtamäki and media group Sanoma.
Man using computer on a bean bag chair while people are in line on the background
Cooperation Published:

Aalto students and employers connected during the Aalto Talent Expo Virtual Week

Aalto Talent Expo Virtual Week was organised between 5th - 9th of October 2020. The virtual week substituted the physical Aalto Talent Expo fair that was postponed from October 2020 to January 2021.
Doctor of Technology Anu Kaukovirta
Cooperation Published:

Anu Kaukovirta has been selected as the School of Chemical Engineering's Alumnus of the Year 2020

As a sign of her significant career and role in our society, Doctor of Technology Anu Kaukovirta has been selected as the School of Chemical Engineering's Alumnus of the Year 2020. She has worked as both a researcher and a director in industry and research institutes and throughout her career has been in close contact with her school. Currently, Anu works at the Natural Resources Institute Finland (LUKE) as Vice President of Research.