Georgia Institute of Technology and Morehouse School of Medicine Announce Collaborative Effort for Health Technology Startup Development

Initiative aims to expand Morehouse School of Medicine’s research commercialization efforts, and support focus on the needs of underserved minority and rural populations.

 

Morehouse School of Medicine

The Morehouse School of Medicine.

ATLANTA (July 9, 2019) — The Georgia Institute of Technology and Morehouse School of Medicine (MSM) today announced the launch of a new initiative that will support MSM’s commercialization efforts to create health technology (HealthTech) startups.

 

The effort brings the Institute’s globally recognized technology incubator — the Advanced Technology Development Center (ATDC) — to the MSM campus, ranked the No. 1 medical school in the nation in fulfilling its social mission and the top ranking historically black college or university for producing patents (2009-2019).

 

“We’re excited to forge this effort between our two schools that will help translate ideas that may start in the lab to real-world solutions for minority and rural populations in healthcare,” said James W. Lillard, Ph.D., MSM’s associate dean for research and director of the Office of Translational Technologies. “This initiative leverages the research rigor and innovations developing at Morehouse School of Medicine with Georgia Tech’s proven ATDC model of helping technology entrepreneurs create viable, scalable companies.”

 

The collaboration with MSM, the eighth for ATDC through its ATDC @program, continues the incubator’s mission of working with technology startups across Georgia. The catalyst for this initiative was an i6 Challenge grant the U.S. Department of Commerce awarded to Georgia Tech in 2015.

 

That $500,000 grant, secured by Tech’s Innovation Ecosystems group, supported wide-ranging innovation and entrepreneurship initiatives across the state. In Atlanta, it called for the Institute to collaborate with Georgia State and Clark Atlanta universities, Morehouse College, the Morehouse School of Medicine, and Spelman College to develop entrepreneurship programs that supported their unique visions.

 

The ATDC @ MSM will provide the medical school with a full suite of services and educational programming to support entrepreneurship in the HealthTech arena among faculty, staff, and students on the MSM campus. The core goal is to help entrepreneurs gain insight into successful HealthTech commercialization, through the program, which includes curriculum, connections, and coaching.

 

ATDC was founded in 1980 to help technology entrepreneurs learn, launch, scale, and succeed in the creation of successful businesses in the state. Since its founding, ATDC has developed a global reputation for fostering technological entrepreneurship, with Forbes naming ATDC to its list of “Incubators Changing the World” in 2010 and 2013, alongside Y Combinator and the Palo Alto Research Center.

 

Kirk Barnes, ATDC’s HealthTech catalyst, said the effort is a great example of how two world-class institutions can collaborate to create a medically-oriented innovation ecosystem. It also brings focus to the needs of minority and rural populations that are traditionally underserved from a medical standpoint, just as state leaders in Georgia are looking at the issue more closely.

 

“This is a great collaborative undertaking that takes our “Startup Success, Engineered” model into the clinical setting and gives particular focus on black entrepreneurs who are an underrepresented community in tech,” Barnes said.

 

“This will help expand the pace and flow of innovation and commercialization of research coming out of the Morehouse School of Medicine as well as give them access to the broader resources at Georgia Tech and the ATDC model will formalize and expedite how that happens.”

 

About the Advanced Technology Development Center

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 more than $3 billion in investment financing and generating more than $12 billion in revenue in the state of Georgia. To learn more, visit atdc.org.

 

About Morehouse School of Medicine

Morehouse School of Medicine (MSM), located in Atlanta, Georgia, was founded in 1975 as a two-year Medical Education Program at Morehouse College with clinical training affiliations with several established medical schools for awarding the M.D. degree. In 1981, MSM became an independently chartered institution and the first medical school established at a Historically Black College and University in the 20th century. MSM is among the nation’s leading educators of primary care physicians and was recently recognized as the top institution among U.S. medical schools for our social mission. Our faculty and alumni are noted in their fields for excellence in teaching, research, and public policy, and are known in the community for exceptional, culturally appropriate patient care.

Morehouse School of Medicine is accredited by the Commission on Colleges of the Southern Association of Colleges and Schools to award doctorate and master’s degrees. To learn more, visit msm.edu.

 

About the Office of Translational Technologies

The Office of Translational Technologiesat MSM was established in 2011 to leverage MSM’s intellectual property, research and infrastructure to develop and commercialize product and services that advance health equity. To learn more, visit msm.edu/Research/translational-technologies.

Georgia Tech hosts Congressional visit for FinTech discussion at ATDC

U.S. Rep. French Hill (right) discusses the goals Congressional FinTech Task Force he sits on as Andrew Bate, CEO of SafelyStay, an ATDC FinTech portfolio company, listens.

U.S. Rep. French Hill (right) discusses the goals of the Congressional FinTech Task Force he sits on as Andrew Bate, CEO of SafelyStay, an ATDC FinTech portfolio company, listens. (Photo: Péralte C. Paul)

The Georgia Institute of Technology’s Advanced Technology Development Center (ATDC) recently hosted U.S. Rep. French Hill, who came to campus as part of a multi-city tour to learn about the incubator’s innovation efforts in financial technology.

 

Hill, an Arkansas Republican whose district includes the Little Rock area, spent more than 20 years in commercial and investment banking. He founded the Little, Rock-based Delta Trust & Banking Corp. where he served as chairman, and CEO.

 

A member of the House Financial Services Committee, Hill, who served under President George H.W. Bush as Deputy Assistant Secretary of the Treasury for Corporate Finance, is a leading voice in the financial services industry.

 

“We’re going to create a new task force on FinTech in the House Financial Services Committee and are taking ideas from around the country to help drive legislative policy,” Hill said during his Feb. 16 visit where he met ATDC Director John Avery and founders of two of the incubator’s FinTech companies.

 

As part of his work on that task force, Hill wanted to see the innovation ecosystem that has been built around FinTech, ATDC’s role in collaborating with related business and industry to support it, and how the incubator works with companies in that sector to help them grow and succeed.

 

Georgia was an important stop for the Congressman’s fact-finding tour as 70 percent of all credit, debit, and gift card swipes — more than 118 billion transactions and $2 trillion in purchase volume each year — are processed through Georgia companies. More than 60 percent of all payment processing companies are either based in or have operations in the state.

 

ATDC’s FinTech program, launched in 2015, has 35 early-stage startups in its portfolio. Since inception, companies and recent graduates of ATDC’s FinTech program have raised more than $65 million in angel and institutional venture capital.

 

That success and impact factored in Hill’s visit as the Congressman’s tour also is designed to get input from FinTech companies and incubators regarding issues that can be a drag on FinTech innovation.

 

Entrepreneurs, Avery said, are concerned with regulations at the federal level, which sometimes conflict with one another and the uncertainty that creates for fledgling startups. What’s more, state statutes can vary, leading to additional challenges for growth.

 

“This is what I want to use this FinTech task force for, to work through some of these things,” Hill said, adding he wants to build a priorities list that the FinTech companies want Congress to focus on as well as emerging trends and innovations that leaders should be aware of in the industry.

 

Along with that, Hill is seeking input from FinTech leaders about specific issues that need further analysis and study via hearings and how Atlanta could play a role in that.

 

“Georgia Tech’s engagement in the startup ecosystem and Atlanta’s preeminence in payments I think is a good place to do this kind of convening.”

 

Georgia Tech Hosts State Legislative Leaders at ATDC HealthTech Summit

Georgia Lt. Gov. Geoff Duncan ATDC

ATDC Assistant Director Jane McCracken (far left), explains how entrepreneurs use the incubator’s design studio to make and refine product prototypes, as Georgia state Sens. Greg Kirk and Dean Burke and Lt. Gov. Geoff Duncan listen. (Photo: Péralte C. Paul)

With health care a major focus at the state and national levels, the Georgia Institute of Technology welcomed Georgia Lt. Gov. Geoff Duncan and other state legislative leaders to campus for a health summit focused on how technology drives innovation, leads to better patient outcomes, and reduces costs.

 

Duncan, joined by Georgia state Sens. Dean Burke, Greg Kirk, and Ben Watson, toured the Institute’s Advanced Technology Development Center (ATDC) to learn more about the incubator’s efforts to support health technology (HealthTech) innovation and meet startup leaders in its portfolio.

 

Burke spearheaded the visit from the state government delegation.

 

A program of the Enterprise Innovation Institute, Tech’s economic development arm, ATDC is the state of Georgia’s technology startup incubator. Created in 1980, ATDC has helped its companies generate more than $12 billion in revenue and raise in excess of $3 billion in investment capital.

 

“One of my most ambitious goals is for Georgia to become the technology capital of the East Coast. Incubators like ATDC are critical to that vision,” Duncan, a Tech alum, said. “Georgia boasts the top talent coming out of our world-class university system, business-friendly environment, low cost of living, high quality of life, and emerging venture capital presence necessary to grow from the Silicon Valley of the South to the Tech Capital of the East Coast.”

 

The delegation received an overview of ATDC’s focused efforts to support HealthTech innovation and startups, including the July 2018 launch of the ATDC HealthTech Program.

 

Supported with a financial gift from NASCO, the ATDC HealthTech Program is focused on helping entrepreneurs launch viable companies in that sector, Kirk Barnes, ATDC’s HealthTech catalyst explained to the delegation.

 

Separately, ATDC entered into a collaborative partnership with Navicent Health’s Center for Disruption & Innovation (CfDI) to support the development of new technologies, treatments, and care created by healthcare technology-oriented companies based in the state. The goal: to improve the health and lives of patients in central and south Georgia.

 

It’s a goal that resonated with Duncan.

 

“It’s encouraging to see the system built around these ideas and to see these ideas commercialized,” the lieutenant governor said. “It’s not just about cutting costs, it’s about improving service and quality of care.

 

“I’m appreciative of the impressive work being done at Georgia Tech and ATDC, and I look forward to working alongside them as Lt. Governor.”

 

Since its launch, the ATDC HealthTech Program’s portfolio of companies has grown to 48 and includes a host of technologies ranging from digital health and medical devices to drug discovery tools and healthcare robotics.

 

One of those companies, Rimidi Inc., a provider of software and clinical analytics for chronic disease management,raised more than $6.5 millionin its Series A-1 financing, which included an investment from Eli Lilly and Co.

 

Tee Faircloth, who helped spearhead the summit, is founder of Coordinated Care Inc. (CCI), an ATDC HealthTech company. CCI, one of the companies the delegation met, works with urban and rural hospitals to move patients back to their local hospitals for rehabilitation.

 

Faircloth said such summits give state leaders valuable insight into how public support of programs such as ATDC and public-private partnerships such as the one with NASCO work.

 

“With the incoming administration’s focus on rural healthcare, it’s great to see them embrace innovation as an agent of change so early on. This summit continues the dialogue of how we, as technology companies focused on bringing solutions and innovation to healthcare, can work with state and local leaders,” Faircloth said.

 

“We want to find areas where we can work together in these public-private partnerships to leverage the resources of the Atlanta and Georgia ecosystems so that we really improve healthcare for all Georgians.”

Elavon Invests in FinTech Innovation with Georgia Tech’s Advanced Technology Development Center

Investment will create valuable partnerships to spur greater innovation in payments.

Wally Mlynarski is Elavon's chief product officer.

Wally Mlynarski is Elavon’s chief product officer.

 

Elavon, a global payments provider and subsidiary of U.S. Bancorp (NYSE: USB), announced a new and significant, three-year financial commitment at the Georgia Institute of Technology to further accelerate innovation across financial and payments technologies (FinTech).

 

The Advanced Technology Development Center (ATDC) at Georgia Tech is Georgia’s technology incubator. It focuses on building and growing FinTech companies in the state of Georgia. Elavon’s financial sponsorship will allow for further growth and startup support for entrepreneurs in the program.

 

As part of the sponsorship, Elavon executives will mentor program participants on topics such as software and applications integration as well as consultation on effective go-to-market strategies. As the FinTech space continues to evolve, partnerships with incumbents have become more important for an early-stage company’s customer acquisition and business model development.

 

“Our investment in this program and local FinTech companies brings us closer to the growing technology community in Atlanta and across the entire payments ecosystem, and is part of Elavon’s continued focus on integrated payments and eCommerce,” said Wally Mlynarski, Elavon’s chief product officer. “With this partnership, we are able to directly impact and shape the future of payments as technology and business models continue to rapidly evolve.”

 

In addition to receiving the benefits of being an ATDC program participant, startups in the incubator’s FinTech Program are integrated into Georgia’s FinTech ecosystem. This statewide ecosystem consists of strong public-private partnerships dedicated to the continued success of Georgia FinTech companies. ATDC FinTech provides access to industry, investors, and Georgia Tech’s resources to help these startups flourish as well as coordinating support from the Technology Association of Georgia, FinTech Atlanta, and the Metro Atlanta Chamber.

 

“We’re extremely excited to welcome Elavon as our partner in further developing Georgia’s early-stage FinTech startup community,” said Jeff Gapusan, who is ATDC’s FinTech executive-in-residence and secured the sponsorship. “Elavon is a world-class financial technology company. Its resources, mentorship, and insight will enable startup founders to also succeed in this highly complex space.”

 

The ATDC FinTech program currently hosts 35 early-stage FinTech startups. Since the program’s inception in 2015, ATDC FinTech startups and recent graduates have raised more than $65 million in angel and institutional venture capital.

 

About Elavon (www.elavon.com)

Elavon is wholly owned by U.S. Bank, the fifth-largest bank in the United States, and provides end-to-end payment processing solutions and services to more than 1.3 million customers in the United States, Europe, Canada, Mexico, and Puerto Rico. As the leading provider for airlines and a top five provider in hospitality, healthcare, retail, and public sector/education, Elavon’s innovative payment solutions are designed to solve pain points for businesses from small to enterprise-sized.

 

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 25,000 undergraduate and graduate students in fields ranging from engineering, computing, and sciences, to business, design, and liberal arts. 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 $3 billion in investment financing and generating more than $12 billion in revenue in the state of Georgia. To learn more, visit atdc.org.

NFL “1ST AND FUTURE” SUPER BOWL EVENT PRESENTED BY ARROW ELECTRONICS FEATURES NEW CROWDSOURCED COMPETITION ON PUNT PLAY RULES

The deadline to submit applications is January 9, 2019. For more information on the submission process, selection criteria and official rules, visit www.nfl.com/1standfuture.

The National Football League (NFL) and Arrow Electronics (NYSE:ARW) today announced the launch of 1st and Future, the NFL’s annual Super Bowl competition designed to spur innovation in athlete safety and performance. 1st and Future will be presented by Arrow Electronics and hosted at Georgia Institute of Technology (Georgia Tech) at the Ferst Center for the Arts in Atlanta, Georgia on February 2, 2019, the day before Super Bowl LIII.

 

This year’s event will feature two categories of competition. The first category, the NFL Punt Analytics Competition, is new this year and will give applicants access to exclusive NFL data sets to inform creative submissions about rule changes designed to reduce player injury during punt plays. This challenge will utilize the crowdsourced data science platform Kaggle. Up to four of the best submissions will be awarded $20,000 each. The winning teams will be invited to present their submission in Atlanta, where they will compete to win Super Bowl tickets.

 

“Leveraging available data to analyze the game is an increasingly essential way to improve our rules and look to make the game safer,” said Jeff Miller, NFL Executive Vice President of Health and Safety Initiatives. “This is a groundbreaking new effort to ask the public to analyze our rules and make recommendations. We are excited to tap into the innovative thinking of data scientists and entrepreneurs.”

 

The second category, Innovations to Advance Athlete Health and Safety Competition, invites all types of submissions for innovative product concepts that could improve player health and safety and will be managed by Georgia Tech’s Advanced Technology Development Center (ATDC). Up to five startups will be selected as finalists and will have the chance to present their innovations on stage in Atlanta. One grand prize winner will be awarded $50,000 and two tickets to Super Bowl LIII. The second-place winner will receive $20,000 and two tickets to Super Bowl LIII.

 

Finalists for both categories will present to a panel of judges and an exclusive audience including NFL team owners and executives, and representatives from the Atlanta Super Bowl Host Committee, Arrow Electronics and Georgia Tech.

 

“We are seeing technology reach a threshold that opens up a whole new class of opportunities to improve the health and performance of athletes,” said Victor Gao, chief marketing officer of Arrow Electronics. “Innovation begins with a single idea, and we are proud to support 1stand Future that draws upon the ingenuity of entrepreneurs to enhance the quality of life for not only professionals in the stadium but also aspiring young athletes at home.”

 

“Georgia Tech is proud to host the NFL’s 1stand Future startup competition,” said Georgia Tech President G.P. “Bud” Peterson. “This event will tap into the robust startup culture and entrepreneurial spirit for which the Institute is well known. An embodiment of those traits, our Advanced Technology Development Center (ATDC), is located on campus in Tech Square, one of the nation’s most exciting entrepreneurial ecosystems. Yellow Jacket fans love our sports teams, and the opportunity to partner with the NFL to advance collaborative innovation in athletics, particularly around safety and performance, is one we wholeheartedly endorse.”

 

About the NFL’s Health and Safety Initiatives

The NFL is committed to advancing progress in the diagnosis, prevention and treatment of sports-related injuries. As part of the NFL’s ongoing health and safety efforts, in September 2016, Commissioner Goodell launched Play Smart. Play Safe. — a league-wide health and safety initiative. At the heart of the initiative is a pledge of $100 million in support for independent medical research and engineering advancements and a commitment to look at anything and everything to protect our players and make our game safer, including enhancements to medical protocols and improvements to how our game is taught and played. For more information about the NFL’s health and safety efforts, please visit www.PlaySmartPlaySafe.com.

 

About Arrow Electronics

Arrow Electronics guides innovation forward for over 150,000 of the world’s leading manufacturers of technology used in homes, business and daily life. With 2017 sales of $26.6 billion, Arrow aggregates electronics and enterprise computing solutions for customers and suppliers in industrial and commercial markets. The company maintains a network of more than 345 locations serving over 80 countries. Learn more at FiveYearsOut.com.

 

About the Georgia Institute of Technology

The Georgia Institute of Technology, also known as Georgia Tech, is one of the nation’s leading research universities. Georgia Tech provides a focused, technologically based education to more than 32,000 undergraduate and graduate students. Georgia Tech has many nationally recognized programs, all top-ranked by peers and publications alike, and is ranked in the nation’s top 10 public universities by U.S. News and World Report. As a leading technological university, Georgia Tech has more than 100 centers focused on interdisciplinary research that consistently contribute vital research and innovation to American government, industry, and business.

About the Advanced Technology Development Center

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.

Georgia Tech taps John Avery to lead Advanced Technology Development Center

Technology veteran brings record of success in startups and corporate innovation.

Headshot: John Avery is director of the Advanced Technology Development Center.

John Avery is director of the Advanced Technology Development Center.

The Georgia Institute of Technology has named John Avery as its next director of the Advanced Technology Development Center (ATDC).

 

Avery, a serial entrepreneur who was involved in four startups, assumes his position Nov. 6. Most recently, he was engineering group manager of Panasonic Automotive Systems’ Panasonic Innovation Center at the Georgia Tech campus.

 

A unit of the Enterprise Innovation Institute (EI2), Georgia Tech’s outreach and economic development arm, ATDC works with more than 800 technology startup entrepreneurs each year across Georgia. Founded in 1981, ATDC has become one of the most successful, longest-running, and largest university-based startup incubators in the country.

 

The announcement follows a comprehensive, four-month national search for a new leader at ATDC following the departure of Jen Bonnett, who left in June 2018 to become the Savannah Economic Development Authority’s vice president of innovation and entrepreneurship.

 

In taking the permanent appointment, Avery will lead a team of 26 full- and part-time staff and advisors who run ATDC’s various initiatives, including its financial, health, and retail technology verticals, support statewide activities such as the ATDC @ program, and coach technology entrepreneurs in Georgia.

 

Avery will report to Chris Downing, EI2vice president and director.

 

“John is an outstanding leader and successful entrepreneur who understands the startup journey and commercialization process, with vast relationships in the startup and business communities,” Downing said. “We’re pleased to welcome him to EI2and see him bring ATDC, one of the nation’s premiere technology incubators, to even greater success in its mission of helping entrepreneurs build great companies here in Georgia.”

 

At Panasonic, Avery oversaw the innovation center’s development projects in next-generation automotive systems including, infotainment, bio-sensing, machine vision, deep learning, and heads-up displays.

 

A tech startup veteran with broad experience in data and wireless voice technologies, Avery was co-founder and chief technology officer of Convergence Corp., a maker of software that connects wireless devices to the Internet. Amazon acquired the company in 1999. Following that acquisition, he joined Amazon as engineering manager.

 

In 2001, Avery became an early employee of Mobliss, a mobile applications and messaging solutions company in the entertainment space. He later became the company’s chief technology officer. Japan’s Index Corp., a developer of mobile phone content and information and other media services such as video on demand,acquired Mobliss in 2004 for $15 million.

 

He holds six patents and owns Onboard Now, a developer of software for embedded devices such as smart phones, Web-enabled cameras, and industrial controls.

 

Avery, who sits on the board of the Midtown Alliance, is a familiar presence at ATDC, having served as a mentor to its startups since July of 2018.

 

“I am deeply honored to join ATDC and lead this amazing team,” Avery said. “ATDC’s work has resulted in the creation of great, disruptive Georgia companies in health, financial services, hardware, and numerous other sectors. I look forward to continuing ATDC’s momentum of success and legacy of impact.”

 

He holds a bachelor’s degree in electrical engineering from Georgia Tech’s School of Electrical and Computer Engineering.

 

About Georgia Tech’s Enterprise Innovation Institute (EI2)

Comprised of a dozen programs, including the Advanced Technology Development Center, Georgia Tech’s Enterprise Innovation Institute is the nation’s largest and most comprehensive university-based program of business and industry assistance, technology commercialization, and economic development. Through its philosophy of innovation-led economic development, EI2serves all of Georgia through a variety of services and programs designed to create, accelerate, and growGeorgia’s tech-based economy. For more information, please visit, innovate.gatech.edu.

 

About the Advanced Technology Development Center (ATDC)
The Advanced Technology Development Center (ATDC), a program of Georgia Tech’s Enterprise Innovation Institute, 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 more than $3 billion in investment financing and generating more than $12 billion in revenue in the state of Georgia. To learn more, visit atdc.org.

Engage, ATDC programs honored with ‘Groundbreaker Awards’

The team at Engage from left: Nicholas Richardson, program manager; Daley Ervin, entrepreneur-in-residence; Thiago Olson, managing director; Blake Patton,fund managing partner, and Scott Lopano, associate.

The team at Engage from left: Nicholas Richardson, program manager; Daley Ervin, entrepreneur-in-residence; Thiago Olson, managing director; Blake Patton, fund managing partner, and Scott Lopano, associate.

Atlanta Magazine honored two of the Enterprise Innovation Institute’s programs — Engage Ventures and the Advanced Technology Development Center (ATDC) — with Groundbreaker Awards for their respective work in helping drive technology and innovation.

 

The magazine created the awards in 2012 to highlight the individuals and projects each year that are driving Atlanta forward with new, initiatives and innovative ideas.

 

This year’s theme was “Technology & Innovation” and Atlanta Magazine fêted the 2018 winners at a Nov. 1 reception held at the Atlanta History Center.

 

Engage, launched in 2017, is a mentorship-driven accelerator and early-stage venture fund that targets high-tech startups. The Engage accelerator is open to startups across the country, with a focus placed on mentoring and market access strategies. Its founding partners include AT&T, Chick-fil-A, Cox Enterprises, Delta Air Lines, Georgia Tech, Georgia-Pacific, Georgia Power Foundation, Goldman Sachs Group, Intercontinental Exchange (ICE), Invesco Ltd., Tech Square Ventures, The Home Depot, and UPS. The fund was initially launched with $15 million from the 10 founding corporate partners (Goldman Sachs joined in 2018). Those corporations also actively support Engage through mentoring, education, and collaboration.

 

“If we can bring together some of the leading innovators with titans of industry to develop relationships, then—fast-forward five years from now—you can only imagine where that could lead,” Engage Managing Director Thiago Olson told the magazine.

 

One year in and several cohorts later, Engage’s 24 portfolio companies have obtained venture financing of about $75 million in the last six months. Engage also reports its portfolio companies have 38 signed enterprise contracts between the startups and Fortune 500 companies.

 

Read Atlanta Magazine’s Groundbreaker Award profile on Engage Ventures here.

 

ATDC team members from left: Frank Tighe, lead entrepreneur-in-residence; Joy Hymel, Campus Connect; Jacqui Chew, marketing catalyst; Jenny Bass, startup catalyst, and Shannon Denton, entrepreneur-in-residence.

ATDC team members from left: Frank Tighe, lead entrepreneur-in-residence; Joy Hymel, Campus Connect; Jacqui Chew, marketing catalyst; Jenny Bass, startup catalyst, and Shannon Denton, entrepreneur-in-residence.

ATDC, which was founded in 1980, is the state of Georgia’s technology startup incubator. Its focus is to work with technology entrepreneurs across the state to help them learn, launch, scale, and succeed in creating viable companies.

 

“What we’ve created here is a community,” ATDC Interim Director Jane McCracken told the magazine. “The better the companies we grow, the better our city and state will be.”

 

To date, startups that have graduated from ATDC, which is one of the longest running and most successful university-affiliated incubators in the United States, have raised more than $3 billion in investment financing and generated more than $12 billion in revenue in the state of Georgia. Read Atlanta Magazine’s Groundbreaker Award profile on ATDC here.

Navicent Health Announces Collaboration with the Georgia Institute of Technology

Navicent Health and the Advanced Technology Development Center to Promote Development of Health Technologies and Startups in central and south Georgia.

 

The Navicent Health Center for Disruption & Innovation (CfDI) team.

The Navicent Health Center for Disruption & Innovation (CfDI) team.

MACON, Ga. (Oct. 29, 2018) —Navicent Health’s Center for Disruption & Innovation (CfDI) is pleased to announce a new collaboration with Georgia Tech’s Advanced Technology Development Center (ATDC) and its Health Technology (HealthTech) Program. The effort will improve the health and lives of patients in central and south Georgia through the development of new technologies, treatments, and care created by healthcare technology-oriented companies based in the state.

 

ATDC, the state of Georgia’s technology incubator, launched its HealthTech Program in July 2018. At present, ATDC has more than 40 startups in its HealthTech portfolio, each focused on innovative solutions across a broad number of sectors including population health, caregiver support, patient billing, precision medicine, genomics, medical devices, diagnostics, data analytics, and process improvements in drug research. CfDI will work with ATDC to facilitate access to a clinical community for startups that are transforming healthcare.

 

Christopher M. Cornue is Navicent Health's chief strategy officer and chief innovation officer.

Christopher M. Cornue is Navicent Health’s chief strategy officer and chief innovation officer.

“Navicent Health is committed to innovation and creating a wide range of solutions, including high-performing health technologies, to improve patient care not only in central and south Georgia, but industry-wide,” said Christopher M. Cornue, Chief Strategy Officer and Chief Innovation Officer for Navicent Health. “Working with ATDC, we enhance our ability to deliver innovative, consumer-focused health services through technology to improve patient satisfaction, healthcare outcomes and therefore be better able to create healthier communities.”

 

Through this collaboration Navicent Health will serve as ATDC’s healthcare facility partner and provide resources for startups in the ATDC HealthTech portfolio. Navicent and ATDC seek positive economic impact in central Georgia. Additionally, they want to contribute to the state economy by supporting the growth and development new startups, with a broader goal of assisting and promoting the acceleration of healthcare startups across the Southeast.

Kirk Barnes headshot

Kirk Barnes is ATDC’s health technology catalyst.

 

“This is an exciting opportunity for us to work with a premier health organization to drive innovation and commercialization of healthcare technologies that will not only help entrepreneurs in Georgia, but help healthcare systems across the United States in their drive to deliver superior and cost-effective patient care, cut waste, increase access, and improve outcomes,” said Kirk Barnes, ATDC’s HealthTech catalyst and who leads this initiative. “We’re looking forward to seeing the successes this relationship with Navicent Health will yield.”

 

Founded in 2015, CfDI has become a proven and valuable testing ground for novel clinical approaches to elevate community health while leveraging disruptive technologies designed to engage consumers in meaningful ways. Specifically, ATDC startups selected to collaborate with CfDI will receive:

  • A standard curriculum for conducting “proof of concept” studies along with support tools to understand how to engage future health systems
  • Direct clinical exposure to discover how customers will engage with their product
  • The co-development and joint commercialization of new products that may be introduced to the market with a well-established health system partner.

 

Those wishing to partner with the Center for Disruption & Innovation may contact Navicent Health. 

 

About Navicent Health
Navicent Health was incorporated on Nov. 17, 1994, as a nonprofit corporation whose primary purpose is to coordinate The Medical Center, Navicent Health and other affiliated entities in their mission of providing a comprehensive continuum of high quality, reasonably priced healthcare services to the region. Navicent Health has 970 beds for medical, surgical, rehabilitation and hospice purposes. The health system includes The Medical Center, Navicent Health, a nationally recognized tertiary teaching hospital; Beverly Knight Olson Children’s Hospital, Navicent Health, the region’s only dedicated pediatric hospital; Navicent Health Baldwin and Medical Center of Peach County, Navicent Health, both rural hospitals; Rehabilitation Hospital, Navicent Health, the region’s oldest and most experienced rehabilitation provider; Pine Pointe, Navicent Health, which provides palliative and hospice care in homes and in its facility; Carlyle Place, Navicent Health, the area’s first continuing care retirement community;  Navicent Health Foundation, the philanthropic arm of Navicent Health; as well as diagnostic and home care services. For more information, please visit www.navicenthealth.org.

 

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 25,000 undergraduate and graduate students in fields ranging from engineering, computing, and sciences, to business, design, and liberal arts. 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 $3 billion in investment financing and generating more than $12 billion in revenue in the state of Georgia. To learn more, visit atdc.org.

Georgia Tech welcomes Bahamas delegation

Sidney S. Collie (left), the Bahamas' ambassador to the United States, makes point about the country's Tech Hub efforts during a visit to the Georgia Tech campus, Thursday, Oct. 25. (Photo: Péralte C. Paul)

Sidney S. Collie (left), the Bahamas’ ambassador to the United States, makes point about the country’s Tech Hub efforts during a visit to the Georgia Tech campus, Thursday, Oct. 25. (Photo: Péralte C. Paul)

The Bahamas is embarking on a plan designed to attract more investment to the country and foster entrepreneurship.

 

A delegation from the Caribbean nation, which included Sidney S. Collie, the Bahamas’ ambassador to the United States, is visiting the Georgia Institute of Technology’s Enterprise Innovation Institute (EI2) Oct. 25 and 26 to learn about the Institute’s economic development programming model and components of a successful innovation ecosystem.

 

EI2, comprised of a dozen programs, is the Institute’s economic development arm and its offerings include services in community and business development, entrepreneurship, and commercialization.

 

While on campus, the delegation, which also will meet with President G.P. “Bud” Peterson, met with Chris Downing, EI2vice president and director, who gave the group an overview of Georgia Tech’s economic development mission and how specific programs could help the Bahamian efforts.

 

David Bridges is director of  the Economic Development Lab at Georgia Tech's Enterprise Innovation Institute. (Photo: Péralte C.. Paul)

David Bridges is director of the Economic Development Lab at Georgia Tech’s Enterprise Innovation Institute. (Photo: Péralte C.. Paul)

David Bridges, director of EI2’s Economic Development Lab (EDL), discussed his group’s work in Puerto Rico. EDL helps communities and organizations adopt innovation-led economic development practices through community strategic planning, fiscal and economic impact analyses, innovation ecosystem development, technology extension services, soft landing programs, and innovation policy research.

 

EDL, which has led 72 projects across 16 countries worldwide, has done extensive work in the U.S. territory of Puerto Rico. It’s work on the Caribbean island has led to Puerto Rico receiving more than $11 million in investments and initiatives being infused into the ecosystem there.

 

Delegates also toured the Advanced Technology Development Center (ATDC), the Institute’s statewide technology incubator, to learn how it help entrepreneurs across the state.

 

Astra Armbrister-Rolle (left), the Bahamas’ consul general in Atlanta and Sidney S. Collie, the Bahamas’ ambassador to the United States, listen as Georgia Tech economic development leaders discuss how the Institute partners with governments to build innovation ecosystems. (Photo: Péralte C. Paul)

Astra Armbrister-Rolle (left), the Bahamas’ consul general in Atlanta and Sidney S. Collie, the Bahamas’ ambassador to the United States, listen as Georgia Tech economic development leaders discuss how the Institute partners with governments to build innovation ecosystems. (Photo: Péralte C. Paul)

“Georgia Tech has garnered a reputation for being the big dog in technology, innovation, and accelerator programs,” said Astra Armbrister-Rolle, the Bahamas’ consul general in Atlanta. “You’re the best at it and we want to learn from the people who are on the cutting edge of these types of developments.”

 

Tech Hub, as the Bahamian initiative is called, is focused on the island of Grand Bahama and the plan to make it the country’s innovation center, Armbrister-Rolle said.

 

“It’s truly utilizing the space, the intellectual capital, and all the resources that we have there on that island to attract investors to set up businesses and also create an island that is tech-friendly as far as innovation and drive the government mandate of creating more entrepreneurs of Bahamians,” she said.

 

“The government has done some things to lay the infrastructure of what we believe will be an excellent and long-term program, at the same time, we’re reaching out internationally to partners like Georgia Tech and other universities to make it happen.”

Georgia Tech’s ATDC hosts federal health technology summit, mental health panel discussion

Kirk Barnes, health technology catalyst at Georgia Tech's ATDC, welcomes a HealthTech entrepreneurs to the Federal Healthcare Innovation Summit co-hosted by NASCO Sept. 12, 2018. (Photo: Péralte C. Paul)

Kirk Barnes, health technology catalyst at Georgia Tech’s ATDC, welcomes a HealthTech entrepreneurs to the Federal Healthcare Innovation Summit co-hosted by NASCO Sept. 12, 2018. (Photo: Péralte C. Paul)

A core tenet of the Georgia Institute of Technology’s Enterprise Innovation Institute (EI2) mission is the use of innovation and ideation not only to drive economic development in Georgia and beyond, but to improve and advance the human condition.

On Sept. 13, 2018, EI2’s ATDC incubator — led by its health technology catalyst, Kirk L. Barnes, hosted two important events, the first with the U.S. Department of Health and Human Services (HHS) to connect federal health agencies with HealthTech startups’ solutions and technologies.

HHS, which runs the largest balance sheet of any organization in the world at nearly $1.3 trillion a year, wants to better connect with HealthTech entrepreneurs and the solutions they have for the healthcare sector and related fields.  The ATDC Federal Healthcare Innovation Summit was co-hosted by NASCO, a leading provider of information technology products and services designed help U.S. healthcare payers, and sponsor of the ATDC HealthTech Program.

“The main goal of what we’re doing here today is total a very inward facing organization and turn it outward, and give everybody an opportunity to interact with us,” said Ed Simcox, HHS’ chief technology officer.

The second event was ATDC’s Silence The Shame for mental health awareness, which was sponsored by Atlanta-based Cox Enterprises and coincided with September being designated as National Suicide Awareness Prevention Month. That effort, which was an interactive panel discussion with hip-hop music industry executive Shanti Das and other leading experts in mental health and wellness, sought to highlight the role technology can play in mental health and in reducing the stigma of discussing depression and suicide as part of Das’ Silence The Shame initiative.

Ed Simcox, chief technology officer for the U.S. Department of Health and Human Services, addresses attendees of the Federal Healthcare Innovation Summit co-hosted by ATDC and NASCO Sept. 12, 2018. (Photo: Péralte C. Paul)

Ed Simcox, chief technology officer for the U.S. Department of Health and Human Services, addresses attendees of the Federal Healthcare Innovation Summit co-hosted by ATDC and NASCO Sept. 12, 2018. (Photo: Péralte C. Paul)

From left, Dr. Richard Wild, chief medical officer for the U.S. Centers for Medicare & Medicaid Services Atlanta Region, Chaouki T. Abdallah, Georgia Tech's executive vice president for research, and Kirk Barnes, health technology catalyst at ATDC. (Photo: Péralte C. Paul)

From left: Dr. Richard Wild, chief medical officer for the U.S. Centers for Medicare & Medicaid Services Atlanta Region; Chaouki T. Abdallah, Georgia Tech’s executive vice president for research, and Kirk Barnes, ATDC’s health technology startup catalyst at the Federal Healthcare Innovation Summit co-hosted by ATDC and NASCO Sept. 12, 2018. (Photo: Péralte C. Paul)

Panelists address issues related to mental health and how to move away from the stigma of discussing mental health, depression and warning signs of suicide at the ATDC and Cox Enterprises-sponsored Silence The Shame Panel Sept. 12, 2018. (Photo: Ben Andrews)

Panelists address issues related to mental health and how to move away from the stigma of discussing mental health, depression and warning signs of suicide at the ATDC and Cox Enterprises-sponsored Silence The Shame Panel Sept. 12, 2018. (Photo: Ben Andrews)