The aim of this article is to better understand how the innovation ecosystem of Aalto University, in Helsinki, Finland, was structured in the early 2000s. Relying on an analysis of secondary data as well as on the principles of a structural analysis of the network, we located the actors and their connections over the emergence period of this ecosystem. The results show the coexistence of two spaces organized as socio-cognitive networks able to interact and reinforce each other. A territorialized space, focused on an innovation dynamic built on the convergence strategy of the three university rectors involved at Aalto; and a deterritorialized space built by a community of actors focused on the affirmation of proposals and ideas to implement new innovation governance practices.