I have just visited the warehouse were the Aalto Venture Garage is currently locate. The Garage is a initiative of a group of students and entrepreneurs from Aalto Entrepreneurship Society and is funded by Aalto University (around 500K€/year). It works as a open space for students and it helps early stage startups to get a kick start: 700sq meter free working space for anyone throughout the Baltic area. The Garage also has a 5 weeks boot camp which takes place 2 times a year in a model similar do Y combinator.

http://aaltovg.com