News

collage-in-the-news

 

    Georgia Tech launches $1 million retail technology initiative at ATDC

    Georgia Tech  Tech TowerThe Advanced Technology Development Center (ATDC), Georgia’s technology incubator, is launching a new initiative for entrepreneurs focused on retail-related technology.

    The new program — which comes as the retailing sector faces a torrent of change in consumer behavior — is being funded by a $1 million gift from the Mookerji Foundation to the Georgia Tech Foundation. The new initiative was announced at the 2017 ATDC Startup Showcase.

    The Georgia Tech Foundation, in turn, has earmarked the new funds for the formation of the ATDC Retail Program. Founded in 1980, ATDC is a program of the Enterprise Innovation Institute, the Georgia Institute of Technology’s chief economic development arm. ATDC is one of the longest running university-affiliated incubators in the United States.

    “We chose Georgia Tech because of its commitment to economic development in Georgia and beyond, its focus on incorporating innovation in economic development, and its legacy of success,” the Mookerji Foundation said in a statement. “ATDC is a world-class technology incubator and is at the forefront of helping entrepreneurs not only build companies, but gives them the tools for long term success.”

    The Atlanta-based Mookerji Foundation is dedicated to nurturing and enabling entrepreneurs in metro Atlanta.

    The gift will fully fund the retail technology startup initiative for the next five years and support a retail technology expert who will serve as an entrepreneur-in-residence to mentor the startups and offer expertise relating to the field of entrepreneurship.

    “The retail landscape has undergone a tumultuous shift in the last few years and retailers — from the national chains and department stores to the mom and pop shops on Main Street — are all looking for innovative technologies that help them remain competitive, stay engaged with their customers, and improve the bottom line,” said Jennifer Bonnett, ATDC’s general manager. “This new focus on retail complements some of our other related focus areas, such as financial technology (FinTech).”

    The U.S. retail sector, which is comprised of more than 3.7 million establishments, supports some 42 million jobs with a $2.6 trillion impact on the economy, according to the National Retail Federation (NRF), the industry’s chief trade group.

    In Georgia, the retail industry supports 1.2 million jobs, includes more than 120,000 establishments, and adds $75.6 billion a year to the Peach State’s economy, NRF data show.

    “This is a very important segment of the Georgia and national economies and an exciting opportunity for Georgia Tech to make an impact and keep to its economic development mission,” said Maryam Alavi, dean and Stephen P. Zelnak Jr. Chair of Georgia Tech’s Ernest Scheller Jr. College of Business.

    Alavi and other Scheller officials, as well as representatives of Tech’s Office of Development, collaborated on the effort that led to the Mookerji Foundation’s gift.

    The initiative is the second of its kind for ATDC. In March 2015, Worldpay US, a global payments technology and services company, made a $1 million gift to Georgia Tech, which used the funds to launch a FinTech program at ATDC. Since its launch, that effort has reached more than 350 entrepreneurs across the state of Georgia, including 17 FinTech startups in the ATDC Signature and ATDC Accelerate portfolios. To date, those companies in both Signature and Accelerate have raised more than $34 million in outside funding.

    About Georgia Tech

    The Georgia Institute of Technology is one of the world’s premier research universities. Georgia Tech is a national and international leader in scientific and technological research and education and is the nation’s leading producer of engineers as well as a leading producer of female and minority engineering Ph.D. graduates. Ranked among the top public universities by U.S. News & World Report, the Institute enrolls more than 23,000 students within its six colleges. For additional information, visit gatech.edu.

    About the Advanced Technology Development Center (ATDC)

    The Advanced Technology Development Center (ATDC), a program of the Georgia Institute of Technology, is the state of Georgia’s technology startup incubator. Founded in 1980 by the Georgia General Assembly, which funds it each year, ATDC’s mission is to work with entrepreneurs in Georgia to help them learn, launch, scale, and succeed in the creation of viable, disruptive technology companies. Since its founding, ATDC has grown to become one of the longest running and most successful university-affiliated incubators in the United States, with its graduate startup companies raising nearly $3 billion in investment financing and generating more than $12 billion in revenue in the state of Georgia. For more information, visit atdc.org.

    Read more...

    Entrepreneurship group recognizes Enterprise Innovation Institute with award

    InBIA Award

    From left, Charles Ross, vice president for economic development and community at Kennesaw State University; Juli Golemi, senior project manager at EI2's Innovation Ecosystems program, and Kirstie Chadwick, InBIA's president and CEO.

    The International Business Innovation Association (InBIA), a global non-profit organization that serves entrepreneurship centers, program managers, directors, and policymakers in guiding and developing sustainable entrepreneur support programs, awarded the Enterprise Innovation Institute (EI2) for being a longtime and dedicated member of the organization.

     

    EI2 is the Georgia Institute of Technology’s chief business outreach and economic development organization. Its mission — through a comprehensive suite of programs and offerings — is to help business, industry, entrepreneurs, and economic developers across Georgia grow and remain competitive.

     

    EI2 been an InBIA member for more than 30 years.

     

    The award was presented at InBIA's International Conference on Business Incubation in Seattle, Washington, which was held in late March 2017.

     

    InBIA recently named EI2 a Soft Landings site, a designation which recognizes entrepreneurship centers that excel in providing international companies with various services to ensure a smooth landing in the United States.

    Read more...

    Register for the Advanced Technology Development Center’s 2017 ATDC Startup Showcase

    ATDC Startup Showcase Pictures

    The annual ATDC Startup Showcase is the premier Atlanta event for technology entrepreneurs.

    The Advanced Technology Development Center (ATDC), Georgia’s technology incubator, will present more than 60 of the state’s most innovative and market-disrupting technology companies at the 2017 ATDC Startup Showcase.

     

    The annual event, which attracts nearly 1,000 attendees, is scheduled for May 11 at the Georgia Tech Hotel and Conference Center from 1:30 p.m. to 5:30 p.m. (REGISTER HERE.)

     

    Showcase is designed to give technology innovators, investors, corporate partners, entrepreneurs, university researchers and students an in-depth, first-hand look at Georgia’s most successful emerging technology companies.

     

    The event, which takes place during Atlanta Startup Week, also celebrates ATDC’s 37-year legacy of helping entrepreneurs learn, launch, scale and succeed in the formation of successful Georgia technology startups. Worldpay US — the global payments technology and services company,  and creator of ATDC’s FinTech program — is the Showcase’s premier sponsor.

     

    “Showcase is always an exciting time for us because attendees get to see the dynamic visions of our entrepreneurs from across Georgia,” said Jennifer Bonnett, ATDC’s general manager.

     

    “Our presenting companies have created products — from tools to combat fraud to disease management to clean energy — that solve problems, create meaningful impact in a host of industries and strengthen the Georgia economy.

     

    “What’s more, these companies also exist thanks to the financial support of the state of Georgia, which funds ATDC,” she said.

     

    Startups at ATDC also receive direct support from some of incubator’s partners, such as the Georgia Research Alliance, which provides seed investments. The startup companies also may receive funding from a number of federal sponsors, including the National Science Foundation, Department of Energy, Department of Defense and National Institutes of Health, among others.

     

    Each year, those companies that meet the rigorous growth milestones are selected to graduate from the top-tier ATDC Signature program. Two of those companies have already been acquired.

     

    The 2017 graduating companies are:

    • First Performance Global: Provides a market leading card management and customer engagement platform for card issuers worldwide.
    • Partpic (Acquired): Its proprietary solution simplifies the search and purchase of replacement parts using visual recognition technology.
    • StarMobile (Acquired): Its codeless, cloud-based enterprise mobility platform delivers any application to any endpoint, with a native user experience, faster, simpler and at a lower cost than any other approach.
    • UserIQ: Through its Customer Growth Platform, UserIQ empowers software-as-a-service companies to foster growth beyond the traditional funnel.

     

    For more information about the Showcase or to RSVP, please visit http://atdcstartupshowcase.com. The cost to attend the event is $25 per person (early bird until April 12); $50 between April 13 and May 11, and $75 at the door. Students and faculty of any Georgia university enter free with valid ID.

     

    ABOUT ATDC:

    The Advanced Technology Development Center (ATDC), a program of the Georgia Institute of Technology, is the state of Georgia’s technology startup incubator. Founded in 1980 by the Georgia General Assembly, which funds it each year, ATDC’s mission is to work with entrepreneurs in Georgia to help them learn, launch, scale and succeed in the creation of viable, disruptive technology companies. Since its founding, ATDC has grown to become one of the longest running and most successful university-affiliated incubators in the United States, with its graduate startup companies raising $3 billion in investment financing and generating more than $12 billion in revenue in the state of Georgia. To learn more, visit atdc.org.

    Read more...

    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.

    Read more...

    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.

    Read more...