Professor

Dr. Markku V. J. Maula is Professor of Venture Capital and the Head of the Institute of Strategy and Venturing at the Department of Industrial Engineering and Management at Aalto University School of Science. He was appointed as a professor in 2004 and tenured in 2009. He graduated as Doctor of Science in Technology (with distinction) in 2001. Prior to that, he graduated as MSc (Econ.) majoring in Finance at Helsinki School of Economics (2000) and MSc (Eng.) (with distinction) in Strategy at Helsinki University of Technology (2000). He has been a visiting scholar at Stanford University, Scancor, in 2000 and 2012 and at INSEAD in 2010 and 2015. Before his academic career, he worked at Nokia and CapMan.

Professor Maula’s research focuses on value creation related issues in business strategy and corporate finance with a particular focus on venture capital and private equity, technology-based new firms, corporate venturing, mergers and acquisitions, and innovation. He has lead several international research projects on the internationalization of the venture capital and private equity industries, various forms of external corporate venturing, as well as public policy to develop venture capital markets, implemented in collaboration with international scholars and leading firms and government agencies.

Professor Maula’s research has been published in referee journals including Academy of Management Journal, Strategic Management Journal, Organization Science, Journal of Business Venturing, Research Policy, Entrepreneurship Theory & Practice, Strategic Entrepreneurship Journal, MIS Quarterly, and Journal of Banking and Finance. In addition to journal publications, he has authored or co-authored several papers currently under review in leading scholarly journals, several book chapters, tens of conference papers presented in the leading academic conferences, and several policy papers and reports. His publications can be found through his ResearcherID, Google Scholar profile, ResearchGate profile, ORCID profile, SSRN author profile, Kudos profile, and Microsoft Academic Search profile.

Professor Maula has received several international awards for outstanding scholarship. He was the second scholar in Europe to win The Heizer Award from the Academy of Management for the best doctoral dissertation in the field of new enterprise development. He has also been awarded The McKinsey & Company Strategic Management Society Best Conference Paper Prize Honorable Mention (multiple times), The Stevens Institute of Technology Wesley J. Howe Award for Excellence in Research on the Topic of Corporate Entrepreneurship, The Haynes Prize for the Best Paper Award as well as the Citation of Excellence Award. His research has been cited in national and international press and news channels including Financial Times and Dow Jones Newswires.

Professor Maula teaches several Master’s and doctoral level courses and supervises doctoral, Master’s, and MBA theses. In addition to his research and teaching roles, Professor Maula is or has been the chairman or a member of several boards and committees e.g. a member in the Research Committee of the Entrepreneurship Division of the Academy of Management, Editorial Board member of Strategic Management Journal, Journal of Business Venturing, Entrepreneurship Theory & Practice, and Venture Capital: International Journal of Entrepreneurial Finance as well as a Review Board member of the Babson College Entrepreneurship Research Conference. Since 2016 he serves as Editor at Entrepreneurship Theory and Practice. He is also a member of the Board of Studies of Aalto University Executive Education and has been the Deputy Head of the Department (2014-2016) and the Chairman of the Committee for Postgraduate Studies and the Director of the Doctoral Program of the Department of Industrial Engineering and Management (2004-2009), a board member in the Venture Cup Finland Foundation (2004-2009), and a steering group member in the Helsinki Institute for Science and Technology Studies (2004-2012). He is also a member of the Independent Governing Body of PEREP_Analytics, a pan-European private equity data collection platform. From 2011 to 2012 Professor Maula acted as the Founding Director of the Aalto Ventures Program.

Professor Maula has also acted as an active advisor to many industry leading firms and domestic and international government agencies in various issues related to venture capital and private equity, business strategy, corporate finance, corporate venturing, and innovation policy including expert roles e.g. for the Finnish Prime Minister’s Office, the Ministry of Employment and the Economy of Finland, Sitra the Finnish Innovation Fund, Tekes the Finnish Funding Agency for Technology and Innovation, Enterprise Ireland (with PwC), AkzoNobel, Roschier Attorneys Ltd., Nordic Innovation Center, a task force of the Nordic Council of Ministers, as well as invited expert testimonies and presentations e.g. for the European Commission, the Economic Council of Finland, the Ministry of Finance, the Ministry of Employment and the Economy, and the Commerce Committee of the Parliament of Finland. Freetime: family, various sports (e.g. running, triathlon, tennis), boating etc.