EI2 Makes a Difference through Impacting the Economy
The Enterprise Innovation Institute (EI2) is comprised of specialized programs working to bring positive impact to the overall economy. By implementing state-, federal-, and internationally sponsored initiatives, as well as customer-driven services, EI2 serves as a primary vehicle to achieve Georgia Tech’s goal of expanded local, regional, and global outreach. By offering a multitude of programs and utilizing our Georgia Tech connections and partner network, EI2 is uniquely positioned to provide our diverse set of clients – whether in startups, private industry, the public sector, or students – with the knowledge and resources needed to achieve their goals. Georgia Tech is quickly becoming a “knowledge hub,” that is focused on practical knowledge, especially in technology transfer and regional interactions. EI2, on behalf of its clients, is able to utilize the advancement of science, technology, and innovation to provide assistance, education, and training in order to help you:
EI2 Client Impacts
- Achieve economic stability.
- Realize organizational growth.
- Gain a competitive advantage.
- Implement best practices to become sustainable.
- Conduct successful analysis for implementation.
- Take on new initiatives in your organization or community.
EI2 Client Impacts
Last year, EI2 clients achieved the following results:
- Helped 1,770 Georgia manufacturing companies reduce operating costs by $36 million, increase sales by $191 million, and create or save 950 jobs.
- Assisted startups based on Georgia Tech research innovations, resulting in 513 jobs and nearly $100 million in investment.
- Helped Georgia companies win $492 million in government contracts, creating or saving an estimated 9,843 jobs.
- Supported 83 minority entrepreneurs, who received nearly $86 million in new contracts, increased sales, new bonding, and new financing.
- Served 493 technology startup companies that together generated capital activity (venture capital investment and mergers/acquisitions) of more than $97 million.
- Evaluated 219 research innovations from 65 Georgia Tech faculty members and helped form 17 new companies based on this intellectual property.
- ATDC program companies reported revenues totaling more than $1.3 billion and approximately 5,571 jobs.
- Helped Georgia companies prepare 56 proposals for Small Business Innovation Research (SBIR) grants, resulting in more than $9 million in awards.
- Worked with 243 companies interested in collaborating with Georgia Tech, including 18 projects involving state economic development agencies. Projects resulted in 1,594 created or saved jobs and $63 million in capital investment.
- Assisted 2,910 students through technology accessibility, saving the University System of Georgia $1.3 million by reusing textbooks converted for students with disabilities.