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    Tech students to present cybersecurity research for commercialization on April 13

    Demo Day FinaleGeorgia Tech students will present their best cybersecurity research before a panel of venture capitalists and business leaders for a chance to win cash in the “Demo Day Finale” on April 13 at the Klaus Advanced Computing Building, KACB #1116 E-W, 266 Ferst Drive, Atlanta, Ga. 30332. (RSVP here: http://cyber.gatech.edu/demo-day ).

     

    Five student teams representing the School of Computer Science and School of Electrical Computing and Engineering are polishing their presentations now to deliver TED-style talks before business leaders with tech investment experience in the southeastern Untied States, Europe, and Middle East. Research with the best chance of commercialization or demonstrating the most impact toward resolving an industry need receives a cash prize – up to $7,000.

     

    Demo Day Finale judges include Georgia Tech commercialization catalysts Jeff Garbers and Harold Solomon of VentureLab, and Thiago Olson of the Advanced Technology Development Center.

     

    Work to be presented includes new cryptographic search methods, a malware detection method for IoT or embedded devices, protections for industrial control systems, spectral profiling for catching malware activity, and a model for software engineering policy requirements.

     

    Musheer Ahmed, (left) founder of FraudScope, which won the 2016 Demo Day Finale.

    Musheer Ahmed, (left) founder of FraudScope, which won the 2016 Demo Day Finale.

    For last year’s inaugural winner – Musheer Ahmed – the event was a springboard to successfully launch FraudScope, a healthcare fraud detection system based upon algorithms he developed as a Ph.D. student.

     

    After winning Demo Day Finale, Ahmed went on to collect more than $400,000 in seed funding in less than three months. He won the Atlanta Start-up Battle, the Technology Association of Georgia's Biz Launch Competition, and more. The quick success allowed him to invest in a better user interface design, hire staff, and begin marketing his product at health and technology industry tradeshows.

     

    The Demo Day Finale is hosted by the Institute for Information Security & Privacy (IISP) and aims to give students an early introduction to potential investors as they continue their research or if they are ready to move it to market.

     

    “During the course of research, it can be difficult for entrepreneurial students to know how industry may react to a finished project,” said Wenke Lee, co-director of the IISP and a professor in the School of Computer Science who has successfully transferred research to private corporations. “The Demo Day Finale lets students share ideas underway to active investors so they can receive early stage feedback that will inform research directions, the future application of it, or market considerations. This is one way we think the Institute for Information Security & Privacy can help move solutions to market that will improve the security or privacy of our identities, data, and devices.”

    While Ahmed was eager to launch his business as soon as possible, ID for Web, last year’s second place winners, used the experience to get an early “gut” reaction from business investors as they try to create a more secure form of identity validation online. ID for Web's Demo Day presentation led to an invitation from startup accelerator "CyberLaunch," where they spent summer 2016 discovering the best application of their technology by talking to both potential customers and potential investors.

    "The summer at CyberLaunch put us in touch with business leaders from many different industries, and got us a lot of validation to the relevance of our technology; everybody agrees the current authentication mechanisms are a huge pain to both users and service providers,” said postdoctoral researcher Simon Chung. “Their eyes light up when we say we're trying to get rid of passwords. Also, since our technology can be used to solve many real-world problems, this process helped us find the best use of our technology and focus on developing our first end-to-end prototype system.”

    Judges on April 13 will include investors Jeff Garbers and Harold Solomon of Venture Lab, and Thiago Olson of ATDC.

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    Georgia Tech marks 50 years of economic development education

    BEDC 50th Anniversary SliderSince its inception in 1967, the Georgia Institute of Technology's Basic Economic Development Course (BEDC) has prepared more than 3,100 economic developers from around the world for the International Economic Development Council (IEDC) certification exam. The certification is considered an essential component of a career in economic development.

     

    The BEDC, a joint offering of the Enterprise Innovation Institute (EI2) and the Georgia Tech Professional Education (GTPE), celebrates its 50th year in 2017. The initiative educates participants on the fundamentals and emerging concepts of comprehensive economic development. This 50th anniversary event being held from March 21 to March 24, focuses on economic resilience and building capacity for strong communities, features Rodrick Miller, CEO of the Detroit Economic Growth Corporation (DEGC) and economic resilience expert, as keynote speaker.

     

    As part of the course, participants will explore 10 core economic development subject areas, ranging from marketing to ethics. They will also network with peers and learn about best practices from some of the nation’s leading economic development experts.

     

    “Through the BEDC, participants have learned ways to create wealth for individuals, business and communities, and to promote economic well-being and an improved quality of life for their communities,” said Leigh Hopkins, BEDC course administrator. “Georgia Tech has equipped thousands of economic developers with the tools and skills needed to address problems such as unemployment, poor quality of life and post-disaster economic recovery.”

     

    The BEDC is one of many professional development courses and certifications working professionals can take at GTPE. “As the lifelong learning arm of Georgia Tech, we have been serving the needs of adult learners for over a century by bringing innovative, impactful programs tailored to their needs,” said Nelson Baker, dean of GTPE.

     

    In addition to the BEDC, economic developers can take other IEDC courses this April, June, August, and November at GTPE.

     

    About Georgia Tech Professional Education (GTPE)

    Georgia Tech Professional Education, an academic division of the Georgia Institute of Technology, offers professional development courses, certificate programs and master’s degrees in a variety of formats to meet the needs of working professionals and industry partners in STEM and business fields worldwide. We educate over 22,000 individual learners representing close to 3,000 companies annually. For more information, visit pe.gatech.edu.

     

    About the Enterprise Innovation Institute (EI2)

    The Enterprise Innovation Institute is Georgia Tech’s business outreach organization and serves as the primary vehicle to achieve Georgia Tech’s goal of expanded local, regional, and global outreach. Its core mission is to help business, industry, entrepreneurs, and economic developers across Georgia grow and remain competitive. For more information, visit innovate.gatech.edu.

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    GTPAC-hosted event connect small businesses, government agencies, and prime contractors

    GTPAC photo

    More than that 250 small businesses participated in the recent Industry Day. Hosted by the Georgia Tech Procurement Assistance Center, attendees connected with various government agencies and resource partners to learn more about government contracting opportunities.

    More than 250 small businesses attended a recent Industry Day event in which they connected and networked with government agencies seeking to contract with vendors.

    The Jan. 24, 2017 event, which was hosted by the Georgia Tech Procurement Assistance Center (GTPAC) and sponsored by the Atlanta chapter of the National Contract Management Association (NCMA), featured presentations on various federal, state and local government agencies’ contract opportunities. It also facilitated meetings between business attendees and government agencies and resource partners.

    Sharon Morrow, the Army’s Office of Small Business Programs' mentor-protégé program manager and small business liaison for Small Business Innovation Research (SBIR) /Small Business Technology Transfer (STTR), delivered the keynote address.

    Other featured speakers included NCMA Atlanta Chapter president Christina Edwards; GTPAC program manager Joe Beaulieu; Georgia State University executive-in-residence Cassius Butts; and NCMA Atlanta small business chair and CDC small business manager Gwendolyn Miles.

    Attendees learned several key business engagement protocols and other tips from several representatives of the Small Business Administration, Veterans Administration, and General Services Administration, among other agencies.

    Copies of presentations which were made at the event can be downloaded here: Industry Day 2017.

    More information about the overall Industry Day 2017 event may be accessed here.

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    Enterprise Innovation Institute receives Soft Landings designation

    cFfNSrEyThe International Business Innovation Association (InBIA) designated the Enterprise Innovation Institute (EI2) as a Soft Landings site.

     

    InBIA is a global non-profit organization that serves entrepreneurship centers, program managers, directors and policymakers, by helping to guide and develop viable entrepreneur support programs across a host of industries.

     

    The Soft Landings designation recognizes entrepreneurship centers that excel in providing international companies with various services to ensure a smooth landing in the United States. The designation was given to a select group of U.S. and international entrepreneurship centers and is effective for two years.

     

    EI2 is the Georgia Institute of Technology’s chief business outreach and economic development organization. Its core mission is to help business, industry, entrepreneurs, and economic developers across Georgia grow and remain competitive.

     

    In the last several years, EI2 has worked with several international companies and clients through its Startup Ecosystems program, which works with communities and organizations to analyze and apply innovation-based ideas to drive economic development.

     

    “We are pleased that we were able to receive this valuable designation from InBIA, it will serve to open more opportunities for companies and entrepreneurs to consider Georgia as a landing spot for their U.S. market entrance,” said Lynne Henkiel, Startup Ecosystems’ director of innovation ecosystems practices. “This designation will bring a new level of exposure for international companies looking to establish themselves in the U.S., and specifically Atlanta in the heart of our innovative ecosystem here at Georgia Tech.”

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    Grupo Guayacán, Fundación Banco Popular, Georgia Tech collaborate in launch of Puerto Rico IDEA Seed Fund for early-stage startups

    Keith McGreggor (standing), director of Georgia Tech's VentureLab incubator and lead instructor for the NSF Innovation Corps (I-Corps) program, leads an I-Corps program in Puerto Rico.

    Keith McGreggor (standing), director of Georgia Tech's VentureLab incubator and lead instructor for the NSF Innovation Corps (I-Corps) program, leads an I-Corps program in Puerto Rico during a recent session Oct. 20 and 21, 2016.

    Grupo Guayacán Inc. (GGI) announced the official launch of the new Puerto Rico IDEA Seed Fund (IDEA), in collaboration with Fundación Banco Popular (FBP), the Georgia Institute of Technology, and several entrepreneurs participating as private investors.

     

    The launch of this new investment vehicle is funded through a grant from the Economic Development Administration’s (EDA) 2015 Regional Innovation Strategies (RIS) Program which seeks to advance innovation across the United States by spurring capacity building and access to capital for innovators and entrepreneurs. The EDA awarded GGI with one of only eight Seed Fund Support grants totaling $250,000. In total, the RIS Program awarded $10 million via 25 grants across the U.S. GGI, the only winner in Puerto Rico, was selected from 170 applicants.

     

    The grant allows GGI and its partners to jumpstart a historic public-private-nonprofit partnership creating IDEA as a new investment vehicle to provide much needed capital to high potential, high growth, early stage ventures, or Innovation-Driven Enterprises (IDEs), in Puerto Rico. “Lack of access to early stage capital for entrepreneurs has been identified as one of the key factors limiting the exponential growth of the local entrepreneurial ecosystem, as well as the potential of local ventures to grow and scale globally from Puerto Rico,” said Laura Cantero, GGI' executive director. IDEA will serve this need by providing phased, milestone-based funding, of up to $225,000 per start-up, to promising projects meeting the criteria of innovation and scalability. The fund will support IDEs stemming from the local startup ecosystem, private companies, as well as university-spinoffs arising from academic research.

     

    Brandy Nagel, an entrepreneur educator at Georgia Tech's VentureLab incubator and I-Corps instructor, leads a class in Puerto Rico.

    Brandy Nagel, an entrepreneur educator at Georgia Tech's VentureLab incubator and I-Corps instructor, leads a class in Puerto Rico during a recent session Oct. 20 and 21, 2016.

    Applications for the Fund’s first cohort can be accessed through . IDEA will accept applications for its first funding round of $25,000 per start-up until Jan. 15, 2017. High performing startups will be eligible for additional funding of up to $200,000.

     

    The new grant marks the continuation of GGI’s partnership with both the EDA and Georgia Tech, with which they launched the inaugural cohort of the customer discovery boot-camp, I-Corps Puerto Rico. I-Corps Puerto Rico, which is a program of Georgia Tech's Startup Ecosystems group, is a five-week, hands-on program designed to teach small teams of entrepreneurs how to launch innovative businesses through the fundamentals of the Customer Discovery method and the Business Model Canvas. In January 2016, I-Corps Puerto Rico was named "Best Startup Program of the Year."

     

    “Georgia Tech is fortunate to partner with Grupo Guayacán in the establishment of the IDEA Seed Fund which will support high potential startups in their quest to reach both local and global markets. This vehicle addresses a critical barrier for startups in Puerto Rico; the lack of access to small, early stage capital for commercializing customer validated ideas," said David Bridges, director of Startup Ecosystems and associate vice president of the Enterprise Innovation Institute’s International Initiatives at Georgia Tech.

     

    "Georgia Tech has been working for well over three years with members of the startup ecosystem in Puerto Rico on efforts much like this and we believe IDEA is another important step toward growing a thriving innovation and entrepreneurship culture on the island and we are honored by EDA’s continued support,” Bridges said.

     

    Cantero also stressed the importance of the program’s private and public partners, including Fundación Banco Popular, the corporate foundation of Puerto Rico’s leading financial institution; Georgia Tech, a national leader in entrepreneurial and economic development; and several local entrepreneurs acting as private investors who bring years of industry experience and a vast network of resources to support the startups. “We are proud to collaborate with this strong group of partners to deliver an innovative solution to increase access to capital for entrepreneurs and innovators. Through this project, Guayacán seeks to continue to promote the private equity market in Puerto Rico and to develop a variety of alternatives for local entrepreneurs to access the capital they need to start and grow their businesses. This is critical for Guayacán’s mission, the entrepreneurial ecosystem and, ultimately, for Puerto Rico,” Cantero said.

     

    Banco Popular is a longtime supporter of GGI’s entrepreneurial development efforts and has been a partner on several initiatives throughout the organization’s 20 year history. The Bank intensified its efforts to accelerate the development of an entrepreneurial and innovation culture in 2012 with the establishment of the multisector alliance Echar Pa’Lante that includes entrepreneurship education initiatives with GT, and more recently with the launch of Start-Up Popular. “We believe that a strong entrepreneurial ecosystem is key to help restore Puerto Rico’s economic growth. The IDEA Seed Fund is the perfect opportunity to support entrepreneurs that want to start or grow their businesses through innovation. We are proud to partner once again with Grupo Guayacán and Georgia Tech, this time with an investment from Fundación Banco Popular which has a longstanding tradition of supporting innovative projects,” said Beatriz Polhamus, FBP's executive director.

     

    For more information and questions regarding the application process, please contact Carlos Domínguez at gro.nacayaugnull@dnufaedi. For more information about Grupo Guayacán, visit www.guayacan.org, call 787.641.6028, or through Facebook at www.facebook.com/guayacanorg.

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