Economic Development Lab hosts Peruvian delegation seeking innovation development

Universidad del Pacifico's Emprende UP

Members of the Universidad del Pacifico’s Emprende UP, were at Georgia Tech to learn about entrepreneurial ecosystems and best practices for innovation development and support. (Photo: Péralte C. Paul)

The Georgia Institute of Technology’s Economic Development Lab (EDL) hosted a group of 12 professionals from Peru’s Universidad del Pacifico who sought to get a better understanding of entrepreneurial ecosystems and best practices for innovation development and support.

 

The group represents the university’s Emprende UP, which serves as its center for entrepreneurship and innovation. Emprende UP runs pre-incubation, incubation, and acceleration programs at  the Universidad del Pacifico, a small, private Jesuit school and highly ranked in Peru and across Latin America.

 

“We chose Georgia Tech because the Tech model in entrepreneurship and innovation is similar to what we are doing in Peru,” said Javier Salinas, Emprende UP’s director. “At the end of our three days here, we recognized that we’re on the right track, but we can improve and refine our services for the Peruvian innovation ecosystem.

 

EDL, a program of Tech’s economic development arm, the Enterprise Innovation Institute, helps communities and organizations apply innovative ideas to economic development in business incubation and commercialization, strategic planning, and economic sustainability.

 

Economic Development Lab workshop

Brandy Stanfield-Nagel (right), program manager and faculty researcher at Economic Development Lab, discusses best practices techniques in startup development, with Diego Joseph Rengifo (left) and Carlos Zapata of Universidad del Pacifico’s Emprende UP. (Photo: Péralte C. Paul)

“The objective of this three-day immersion program at Tech was for the Emprende UP team to experience and learn from the innovation and entrepreneurship ecosystems here at the Institute and across Atlanta,” said Mónica Novoa, an EDL project manager.

 

“The group learned and acquired key insights and best practices by interacting with us, and with the invited speakers, entrepreneurs, and city officials through a series of intensive and experiential workshops.”

 

As part of that learning process, the Emprende UP team toured Georgia Tech’s Advanced Technology Development Center (ATDC), which is the state’s technology incubator, and met with some of its startups in the financial technology (FinTech) sector.

 

The FinTech space was of particular interest because Emprende UP has spent the past 18 months developing an ecosystem around it and working with Peru’s banking regulators, leading financial institutions and international technology firms towards that initiative, Salinas said.

 

Beyond FinTech, the team focused on learning about other components that comprise successful innovation ecosystems, such as closer alignment with academics. They also saw how corporations seek to be near universities and tap into those schools’ research and innovation expertise.

 

In the past five years, more than 20 large corporations, including Delta Air Lines, AT&T, and Anthem, have opened corporate innovation centers in and around Technology Square to access the talents and technologies developed at Georgia Tech.

 

“The first takeaway is that we need to work more closely with the academia side — teachers and students,” said Martha Zúñiga, Emprende UP’s head of special projects. “The second takeaway is that Peru is just developing its innovation ecosystem and we have to support the growth of corporate innovation centers, because their inclusion is part of that ecosystem growth.”

 

EDL, which has had projects in 151 of Georgia’s 159 counties and more than six dozen initiatives in 9 countries, will be going to Peru in August as a follow up in continuing its ecosystem development work with Emprende UP.

Inaugural Tech Square Innovation Week a success

Arrested Development

Arrested Development, the Grammy Award winning band with Atlanta roots, capped off Tech Square Innovation Week with a performance in the Centergy Courtyard.

Hundreds of entrepreneurs, investors and technology enthusiasts descended upon Midtown the week of May 7, 2018 for the inaugural Tech Square Innovation Week.

 

The week, which featured more than a dozen events, including the Advanced Technology Development Center’s 2018 ATDC Startup Showcase, was designed to highlight the innovation and collaboration occurring in and around Tech Square.

 

Hosted by Georgia Tech’s Enterprise Innovation Institute (EI2) and ATDC, Tech Square Innovation Week brought the spotlight to the different programs and resources that have converged to make Tech Square a national model of an ecosystem where business and industry, startup entrepreneurs, students, and the investment communities grow, succeed, and thrive.

 

The week included more than a dozen events ranging from FinTech South and the Atlanta Startup Battle, to the Georgia Tech Innovation Showcase and the ATDC Startup Showcase. It also included a visit from Ga. Lt. Gov. Casey Cagle to ATDC to mark a milestone in the incubator’s expansion and reach.

 

“Tech Square has come a long way in the past 15 years, but in many ways I think we are just getting started,” said Chris Downing, vice president and director of EI2, noting the Tech Square concept was launched in 2003.

 

“Technology is all about momentum and change and innovation and Tech Square embodies that because today, it is home to more than 100 startup companies, 22 corporate innovation centers representing Fortune 500 companies,” he said. “We have several flagship entrepreneur-focused programs including ATDC and Venturelab, as well as Engage, our newest accelerator program, and we are building the second phase of Tech Square right now with the new CODA building.”

 

See photos from the 2018 ATDC Startup Showcase and the Georgia Tech Innovation Showcase at our Facebook photo gallery.

 

ATDC’s Jen Bonnett accepts position with Savannah Economic Development Authority

Jen Bonnett headshot

Jen Bonnett is general manager of the Advanced Technology Development Center.

Jen Bonnett, general manager of Georgia Tech’s Advanced Technology Development Center (ATDC), has been named vice president of innovation and entrepreneurship for the Savannah Economic Development Authority (SEDA).

 

Bonnett was also named executive director of The Creative Coast, which is partly funded by SEDA, the city of Savannah, and ATDC. She will leave Georgia Tech effective June 2, said Chris Downing, vice president and director of the Enterprise Innovation Institute (EI2), Tech’s economic development unit that includes ATDC.

 

Downing said EI2 will launch a national search for new general manager and that Jane McCracken, ATDC’s assistant director, will serve as interim general manager until a permanent replacement is found.

 

“Jen has done an exceptional job for Georgia Tech and ATDC over the past six years and her leadership of ATDC during the past two years has put us in an excellent position with a very strong bench,” Downing said. “The vision she had to accelerate ATDC’s scope and impact here in metro Atlanta and across the state will continue. I am extremely pleased her new position with SEDA will allow her to help us continue to build the entrepreneurship ecosystem in Savannah.”

 

A technology entrepreneur with more than 25 years’ experience in the information technology and software development fields with a specialty in Web and mobile technologies, Bonnett joined ATDC as a community catalyst in October 2011.

 

She held that role for three years before being named assistant director of education and curriculum in October 2014. She was named acting general manager in October 2015 and named general manager in July 2016.

 

“It has been an honor to serve the state of Georgia, the Institute and our Entrepreneurs for the last six plus years,” Bonnett said. “The ATDC team is amazing and I have full confidence that they will continue to create innovative, impactful programs and meaningful connections for our companies across the state to ensure ATDC’s future success.”

 

Among her many accomplishments, Bonnett helped ATDC secure two $1 million gifts to Georgia Tech that funded the creation of a financial technology and retail technology initiatives to identify and help entrepreneurs build viable Georgia-based companies in those sectors. In 2017, the incubator served more than 2,700 entrepreneurs across the state and she more than doubled the number of companies in ATDC’s top tier portfolios to 180.

 

She played a critical role in developing the Entrepreneurs Education Series, a curriculum designed to move “concept stage” entrepreneurs from idea through to angel funding. She also is the architect of the “ATDC @” program which delivers coaching and curriculum to ATDC Entrepreneurs across the state.

 

Bonnett has served as founder or chief technology officer of a number of venture- and angel-backed firms, acting as both lead architect and growing or managing their technology teams. She and her co-founders raised more than $46 million to fund three companies.

 

An ardent supporter of diversity in technology, she also is the founder of StartupChicks, a 501c3 focused on empowering women entrepreneurs through education, community, coaching, connections, and investment. StartupChicks has touched more than 10,000 women globally through its content and events.

 

Founded in 1980 by the Georgia General Assembly, which funds it each year, ATDC is one of the longest-running and largest research university-affiliated incubators in the United States. Since its inception, ATDC has fostered innovation and economic development and has graduated more than 170 companies, which, collectively, have raised more than $3 billion in outside financing n investment financing and generating more than $12 billion in revenue in the state of Georgia.

Georgia Tech marks startup expansion milestone with visit from Lt. Governor Casey Cagle

Chris Downing (left), vice president of Georgia Tech’s Enterprise Innovation Institute, shows a new suite of offices to (from left) ATDC Assistant Director Jane McCracken, Ga. Lt. Governor Casey Cagle, and Georgia Tech President G.P. “Bud” Peterson. The office expansion is designed to meet growing service needs of Tech’s startup programs, ATDC, VentureLab, and CREATE-X. (Photo: Péralte C. Paul)

In a 2016 visit to the Advanced Technology Development Center (ATDC), Georgia Lt. Governor Casey Cagle challenged the state’s tech startup incubator to double the number of resident startups it served in Atlanta and the rest of the state.

 

Two years later, ATDC — a program of the Georgia Institute of Technology — not only met the challenge, but has exceeded initial expectations, with more than 180 companies now in its Signature and Accelerate portfolios across the state.

 

The growth has led to an expansion of ATDC’s offices in Technology Square to accommodate that demand. The creation of new suites at ATDC’s second floor offices in the Centergy Building — and expansion onto the third floor — allows for the incubator to house an additional 25 resident startups.

 

Cagle was on the Tech campus in a May 8 reception to mark the milestone, visit with some ATDC startup company CEOs, get an update on the Engage venture fund and growth accelerator, and to learn more about the innovation ecosystem that also includes the Institute’s VentureLab, CREATE-X, and Flashpoint programs.

 

His visit was part of a weeklong series of events taking place during Tech Square Innovation Week, which celebrated Tech Square as a hub of ideation.

 

Ga. Lt. Governor Casey Cagle, during a visit to Georgia Tech’s Advanced Technology Develpment Center, discusses how technology startup entrepreneurship programs such as ATDC and VentureLab incubators are to giving new economic development opportunities to communities across Georgia. (Photo: Péralte C. Paul)

“Entrepreneurship is critically important to what the new economy is going to look like,” Cagle said during his visit. “I am thrilled to be with you here today and I can’t tell you how proud I am of each and every single person here. We’re just getting started and we’re going to take Georgia to even higher levels than we ever imagined, and you are the very reason for that.”

 

The expansion underscores the explosion of demand for ATDC’s services not only in Atlanta, but across the state, including Athens, Augusta, and Savannah.

 

“We were able to meet that demand in part because we received an increase in state funding — thanks to Lt. Governor Cagle’s leadership — that allowed us to increase our services and statewide reach,” said Chris Downing, vice president of the Enterprise Innovation Institute, Tech’s economic development arm whose programs include ATDC.

 

In 2017, ATDC’s portfolio companies raised $130 million in investment capital and in the in the first quarter of 2018, they attracted more than $33 million in investment dollars to the state.

 

Jane McCracken, ATDC’s assistant director, explains how the incubator’s portfolio companies raised $130 million in investment dollars in 2017 and about $33 million in the first quarter of 2018. (Photo: Péralte C. Paul)

“All of the ATDC’s work — the coaching, connections and community building — further establishes Georgia’s reputation a leading place for entrepreneurs and technology companies to flourish,” said Jane McCracken, ATDC’s assistant director. “That means jobs, additional funding and increased revenues, which benefit all of Georgia’s citizens.”

 

Georgia Tech President G.P. “Bud” Peterson, who welcomed Cagle to campus, said ATDC’s success is just one of the many successful components in the Institute’s technology startup support.

 

Other programs include CREATE-X, a faculty-led initiative that helps students pursue entrepreneurial opportunities.

 

VentureLab collaborates with Institute faculty and students to create startups based on Tech research. Flashpoint is a startup accelerator, and Engage is an independent, early-stage venture fund and growth program.

 

The additional office spaces will allow for greater collaboration and partnership between ATDC, VentureLab and CREATE-X.

 

Keith McGreggor (left), director of Georgia Tech’s VentureLab program, gives Ga. Lt. Governor Casey Cagle an overview of the incubator and explains how its companies raised $125 million in investment dollars in 2017. (Photo: Péralte C. Paul)

 

“This success all around Tech Square has been possible largely due to state support, and the lieutenant governor’s vision for fostering innovation in the state,” Peterson said.

 

“Thanks to increased state funding to ATDC and establishment of the Invest Georgia fund, we can continue to foster home-grown innovation. We are dedicated to helping keep these entrepreneurs in Georgia.”

U.S. Department of Labor, Georgia Tech, and Georgia Department Of Public Health form alliance to reduce lead exposure

Paul A. Schlumper is SHES’ manager for the Georgia On-Site Safety and Health Consultation Program.

The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA); the Georgia Institute of Technology’s Safety, Health, and Environment Services (SHES) group; and Georgia Department of Public Health’s Division of Health Protection have formed a two-year alliance to raise awareness about lead exposure.

 

OSHA and its partners will provide employers, industry leaders, and the public with information, guidance, and access to training resources on preventing worker exposure to lead hazards in general and construction industries. The alliance will also emphasize how best to communicate this information to hard-to-reach workers.

 

Lead poisoning occurs when lead builds up in the body, usually over a period of months or years. Even exposure to small amounts of lead over time can cause serious health problems and children younger than 6 years are especially vulnerable to lead poisoning.

 

lead danger signAccording to OSHA estimates, approximately 804,000 workers in general industry and an additional 838,000 workers in construction are potentially exposed to lead. Workers are exposed to lead as a result of the production, use, maintenance, recycling, and disposal of lead material and products. Lead exposure occurs in most industry sectors including construction, manufacturing, wholesale trade, transportation, remediation and even recreation.

“Employers who implement appropriate safety controls and procedures can help minimize employee exposure to lead,” said Kurt Petermeyer, OSHA’s regional administrator. “The Department of Labor hopes that this collaborative effort will be a valuable tool in our mission to keep employees safe and healthy.”

 

Through its Alliance Program, OSHA fosters collaborative relationships with groups committed to worker safety and health, such as trade and professional organizations, unions, consulates, faith- and community-based organizations, businesses, and educational institutions, to prevent workplace fatalities, injuries, and illnesses. Alliance partners help OSHA reach targeted audiences – such as employers and workers in high-hazard industries – and give them better access to workplace safety and health tools and information.

 

The SHES group, a program of Georgia Tech’s Enterprise Innovation Institute, offers a broad range of safety and health services to organizations in Georgia and the Southeast through its Region IV OSHA Training Institute Education Center and OSHA 21D Consultation Program.

 

“These alliances are critically important and effective in pooling our expertise to develop compliance assistance tools and resources, share information with workers and employers, and educate workers and employers about their rights and responsibilities,” said Paul A. Schlumper, SHES’ manager for the Georgia On-Site Safety and Health Consultation Program.

 

Typically, such alliances are comprised of groups working together to develop compliance assistance tools/resources, share information with workers and employers, and educate workers and employers about their rights and responsibilities. At the end of 2017, the SHES group was an active participant in five alliances. SHES also was active in seven partnerships last year, and added three more in 2018.  In a partnership, OSHA enters into an extended, voluntary, cooperative relationship with groups of employers, employees, and employee representatives to encourage, assist, and recognize their efforts to eliminate serious hazards and achieve a high level of worker safety and health.

 

“Our role as a member of an alliance or partnership can vary but may include conducting site inspections, conducting monitoring for air contaminants or noise,  attending alliance/partnership meetings, performing training, and development of safety and health resources,” Schlumper said.

 

Under the Occupational Safety and Health Act of 1970, employers are responsible for providing safe and healthful workplaces for their employees. OSHA’s role is to ensure these conditions for America’s working men and women by setting and enforcing standards, and providing training, education, and assistance. For more information, visit http://www.osha.gov.

 

About Safety, Health, and Environmental Services:

The Safety, Health, and Environmental Services group (SHES), a program of the Georgia Institute of Technology,  promotes excellence in the fields of occupational safety, health, and environmental compliance via the provision of world-class occupational safety and health and relevant training to the business community as a whole in support of the Occupational Safety and Health Administration’s training mission. SHES also provides on-site consultation services and environmental compliance assistance to small businesses in Georgia; participation in related community outreach; and support in various OSHA-related youth initiatives. For more information, please visit oshainfo.gatech.edu.

Georgia Institute of Technology hosts Colombian delegation in technology extension workshops

EDL Colombia

A team of engineers and business professionals from Colombia are visiting the Georgia Tech campus as part of a week-long series of training workshops with the Economic Development Lab and the Georgia Manufacturing Extension Partnership at Tech’s Enterprise Innovation Institute. (Photo: Péralte C. Paul)

The Georgia Institute of Technology’s Economic Development Lab (EDL) and the Georgia Manufacturing Extension Partnership (GaMEP) are hosting a group of 23 professionals from Colombia this week, consisting of engineers and business managers from the cities of Medellín, Cali, and Bucaramanga.

 

The group is accompanied by representatives of the Colombian Confederation of Chambers of Commerce (Confecámaras), and the Ministry of Commerce, Industry and Tourism’s Program of Productivity Transformation. All are participating in a week-long training program in technology extension.

 

“This program is part of our ongoing collaboration with the Private Council of Competitivenessto design and implement a program of technology extension in Colombia,” said Mónica Novoa, an EDL program manager. “As part of the training program at Georgia Tech, the group is attending workshops facilitated by our GaMEPgroup in topics including lean manufacturing, energy management, innovation, and growth management.”

 

The program also includes a site visit to a manufacturing company in Georgia to observe its facilities and learn how it has implemented strategies to increase productivity and competitiveness.

 

EDL helps communities and organizations create jobs and become more competitive through the application of innovative ideas to economic development. Areas of expertise include business incubation and commercialization, strategic planning, and economic sustainability.

 

The GaMEP is a state and federally funded initiative and member of the national MEP network that is supported by the National Institute of Standards and Technology (NIST). GaMEP works with manufacturers across the state of Georgia and offers a low-cost, solution-based approach through coaching and education designed to increase top-line growth and reduce-bottom line costs.

 

Both programs are offerings of the Enterprise Innovation Institute, which is Georgia Tech’s economic development arm.

Economic Development Lab helps biomedical researcher from Puerto Rico pursue entrepreneurial vision

Visit follows Georgia Tech offer helps Hurricane Maria-affected entrepreneurs and researchers from Puerto Rico tap into Technology Square’s innovation ecosystem.

Mónica Novoa (left), project manager at Georgia Tech’s Economic Development Lab, stands with Jamily Ali Pons, a biomedical researcher at the Interamerican University of Puerto Rico. Ali Pons, who spent a week on Tech’s campus to further her research, recounted her experience in a recent radio interview with Georgia Public Broadcasting. (Photo: Péralte C. Paul)

As a third-year biomedical student at the Interamerican University of Puerto Rico, Jamily Ali Pons has been studying how parasites affect the monarch butterfly’s life cycle.

 

But Hurricane Maria, the costliest storm to ever hit the U.S. island territory, wrecked her research and lab facilities when it hit Puerto Rico, Sept. 20, 2017.

 

Now — after recently spending a week at the Georgia Institute of Technology — the 26-year-old San Juan native, said she’s broadening her sights beyond research and thinking about commercializing her findings.

 

“Georgia Tech helped me to meet a lot of experts in my field and get my research experiments to the next level with new methods and expand my opportunities in in the entrepreneurial field as a researcher,” Ali Pons said. “Being here helped me to see my research as an entrepreneur and to see the possibilities of taking it from the research stage to a product by immersing myself as an entrepreneur.”

 

Ali Pons’ visit to Georgia Tech followed the Institute’s offer to host entrepreneurs and innovators from Puerto Rico still affected by the deadly storm to continue their work here temporarily in Technology Square.

 

She shared her experiences in recent interview on Georgia Public Broadcasting’s “On Second Thought” radio program. (Listen to the broadcast at this link: https://bit.ly/2FlrjxB.)

 

The Economic Development Lab (EDL), program of Tech’s Enterprise Innovation Institute, has been a partner to various universities and economic development organizations on the island since 2012.

 

EDL is able to offer use of the space temporarily to Ali Pons and others via the Georgia Advanced Technology Ventures Inc., a non-profit organization and Tech affiliate.

 

The initiative followed a November 2017 visit to Georgia Tech by a delegation of the Echar Pa’Lante (Move Forward), a multi-sector alliance based in Puerto Rico and comprised of business and government leaders and educators.

 

Mónica Novoa, a project manager at EDL, said the offering is part of its ongoing work in Puerto Rico since 2012, when a team from the Institute went to the island to conduct a full assessment of its innovation ecosystem in a government-funded study.

 

“Our initial work with that study and what we’re doing now has been centered around the role of universities in developing entrepreneurial programs and to teach how to be innovative and creative from that standpoint,” Novoa said.

 

That initial assessment led to EDL partnerships with two non-profits Grupo Guayacan and Echar Pa’lante to implement a host of programs funded by various organizations.

 

Some of the collaborative accomplishments in Puerto Rico in the last three years alone include:

 

  • Startup bootcamps for 80 entrepreneurial teams.
  • Successful teams have raised $5 million in capital.
  • The launch of the island’s first-ever seed fund, which raised a $1 million.
  • Building one of the first mentor networks.
  • Supporting the University of Puerto Rico licensing its first securing the first license technology in its history.
  • Trained over 400 faculty and ecosystem members in lean startups techniques.
  • Supporting a $40 million research grant in cell manufacturing technologies for a consortium of partners that includes Georgia Tech, Emory University, and the University of Puerto Rico-Mayaguez.

I-Corps South hosts regional summit at Georgia Tech

Keith McGreggor

Keith McGreggor (standing), I-Corps South node co-principal investigator and executive director, greets attendees of the I-Corps South Regional Summit at Georgia Tech’s Enterprise Innovation Institute, April 25, 2018. (Photo: Péralte C. Paul)

The Innovation Corps (I-Corps) South node at the Georgia Institute of Technology hosted a regional summit of 12 universities from the South centered on furthering and encouraging greater commercialization of ideas fostered in university labs and classrooms.

 

The daylong, April 25 summit, which included schools from North and South Carolina, Florida, Alabama, Mississippi, Tennessee, and Georgia, was designed to allow the different schools to share best practices and lessons learned from ongoing initiatives and plan growth and development strategies.

 

“When we say innovation, we often only think of certain parts of the country,” Keith McGreggor, the I-Corps South node co-principal investigator and executive director, told the roughly two dozen attendees. “But there’s a lot of innovation and potential occurring here in Georgia and across the South and we want to continue to foster and develop that.”

 

The I-Corps program, a public-private partnership program established in 2011 by the National Science Foundation (NSF), connects NSF-funded scientific research with the technological, entrepreneurial, and business communities to help create a stronger national ecosystem for innovation that couples scientific discovery with technology development and societal needs.

 

The I-Corps South node, established in 2016, is a partnership of Georgia Tech, the University of Alabama at Tuscaloosa, the University of Alabama in Birmingham, and the University of Tennessee, Knoxville’s Haslam College of Business. I-Corps South works and partners with university students and research faculty at schools in 10 states from the South and the U.S. island territory of Puerto Rico to teach entrepreneurship, support research and innovation. Through this collaboration, the node has the potential to reach more than 500,000 graduate and undergraduate students, and many thousands of the nation’s research faculty at research universities and historically black colleges and universities across the Southeast and Puerto Rico.

 

To entrepreneurs, I-Corps South seeks to provide consistent instruction on the principles of evidence-based entrepreneurship in the style of I-Corps. Instruction is direct and challenging, keeping in mind the goal of holding entrepreneurs accountable to know their customers. To universities, the node seeks to provide the tools, support, and resources required to launch and maintain high-quality evidence-based entrepreneurship programs across the southeast.

 

“I-Corps allows you to grow entrepreneurial ecosystems where the entrepreneurs are, at your schools and communities,” McGreggor said. “What we want to do today is share our ideas and explore opportunities to partner with each other to see how we can work together to further build and develop an entrepreneurial ecosystem of the South.”

Tech Square Innovation Week Coming to Midtown Atlanta in May

Weeklong events from May 7-10 to shine spotlight on innovation ecosystem and feature open houses, tech summits, block party and 32nd annual ATDC Startup Showcase.

 

Tech Square

The area around the intersection of Spring and 5th streets is a hotbed of technology startups, research, and economic development.

Technology Square is abuzz with the activity of startups, corporate innovation, and disruptive research, as well as outstanding student talent from the Georgia Institute of Technology.

 

For one week in spring 2018 — May 7-10 — the Tech Square neighborhood and the components that make it one of the nation’s most successful ecosystems of ideation and disruption will be on display as part of Tech Square Innovation Week.

 

The Georgia Institute of Technology’s Advanced Technology Development Center (ATDC) and its Enterprise Innovation Institute are the hosts of Tech Square Innovation Week.

 

“With this week, we and our partners really wanted to show all the various components that make Tech Square the vibrant innovation ecosystem that it is,” said Jen Bonnett, ATDC general manager.

 

“Tech Square is a national model of economic development, ideation, and technology disruption. With Tech Square Innovation Week, this is the opportunity for visitors and event attendees to see how and why we’re succeeding and possibly join to continue that momentum.”

 

The week’s events include a “portfolio night” at Engage, the private startup accelerator and venture fund owned and operated by its 10 founding companies, the Georgia Tech Innovation Showcase of up-and-coming research ideas Georgia Tech students and faculty have developed, and the Atlanta Startup Battle at Tech Square Labs, with $100,000 at stake.

 

Tech Square Innovation Week also includes the Technology Association of Georgia’s FinTech South 2018, a two-day summit focused on the latest trends in the financial technology sector, and the ATDC RetailTech Summit, which will explore technological disruptions and opportunities in that sector.

 

Tech Square Innovation Week will culminate with the 2018 ATDC Startup Showcase on May 10 at the Georgia Tech Academy of Medicine and the Renaissance Atlanta Midtown Hotel.

 

Now in its 32nd year, the ATDC Startup Showcase is Georgia’s largest spring startup confab. The event, which draws nearly 1,000 attendees, features more than 80 of disruptive technology companies from the state of Georgia.

 

About Tech Square Innovation Week:

Tech Square Innovation Week — May 7 through May 10, 2018 — is a weeklong celebration that highlights and celebrates different components that combined, make Technology Square in Atlanta’s Midtown neighborhood, a national economic development model that entrepreneurship, disruption, research, corporate partnerships and investment. For more information, please visit techsquareinnovates.com.

 

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.

Goldman Sachs Joins Engage Venture Fund

This largest group of major corporations in a strategic venture fund helps startups access customers and markets.

Goldman Sachs logoThe Goldman Sachs Group has joined Engage, a venture fund and growth accelerator primarily focused on investing in early stage companies. The fund’s mission is to provide talented entrepreneurs with access to capital, customers, and distribution channels through its accelerator and corporate partnerships. Engage’s investors include leading public and private companies that have provided capital to the fund, and senior leaders from these companies sit on its board of directors, which Dave Dase, head of Goldman Sachs’ Investment Banking Division’s Southeast Region, will join.

 

“Engage is a unique model for a fund and accelerator because it allows an impressive group of corporations to lend their talent and resources to entrepreneurs in order to help them drive strategy and growth,” Dase said. “Goldman Sachs is committed to the Southeast and to Atlanta, and we are thrilled to have the opportunity to invest in the entrepreneurial community is such a meaningful way.”

 

Goldman Sachs joins the 10 founding companies investing capital, expertise, time, and resources in support of Engage, including AT&T, Chick-fil-A, Cox Enterprises, Delta Air Lines, Georgia-Pacific, Georgia Power Foundation Inc., Intercontinental Exchange (ICE), Invesco Ltd., The Home Depot, and UPS. Invest Georgia has also joined the fund since it was first announced last year. The fund is managed by Tech Square Ventures.

 

What makes Engage unique is the interaction of global companies with the startup ecosystem to help entrepreneurs build companies that will transform their markets. Rather than filling the specific needs of a single large company, Engage startups benefit from the combined perspective of all the member companies.

 

“Building on the unique market access Engage already offers, we are pleased to collaborate with Goldman Sachs to further drive innovation,” said Martin L. Flanagan, president and CEO of Invesco and chairman of Engage.  “Our startups will benefit from Goldman Sachs’ market insights and caliber of talent.”

 

Engage is based in Technology Square and provides programming and support in partnership with Georgia Tech’s Advanced Technology Development Center (ATDC).

 

“Since its inception a little over one year ago, Engage is already having an impact on the growing entrepreneurial ecosystem in Atlanta and across the country,” said Georgia Tech President G. P. “Bud” Peterson.  “As we engage with companies like Goldman Sachs, we are working to maximize the collective strengths of Georgia Tech, the Engage corporate partners, and the city of Atlanta to support startups nationally, while promoting Atlanta’s world-class talent and strengthening the economy here in  Georgia and the southeast.”

 

Engage recently announced an impressive group of startups selected for investment and participation in the Spring 2018 go-to-market growth program including Dev/Con, Homee, Intrinio, Pryon, Stord, ThingTech, and Verady. Leaders from these companies include serial entrepreneurs, first-time founders and founders listed on Forbes’ “30 Under 30.” The technologies they are pioneering span from autonomous flight, to artificial intelligence (AI) and blockchain.

 

About Goldman Sachs:

The Goldman Sachs Group is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world. To learn more, visit goldmansachs.com.

 

About Engage:

Engage is a venture fund and growth program that gives entrepreneurs what they need most—customers and market access. Engage corporate partners contributing capital, expertise, time and resources include AT&T, Chick-fil-A, Cox Enterprises, Delta Air Lines, Georgia Tech, Georgia-Pacific, Georgia Power Foundation, Inc., The Goldman Sachs Group, Inc., Intercontinental Exchange (ICE), Invesco Ltd., Tech Square Ventures, The Home Depot and UPS. These corporate partners, along with the Georgia Institute of Technology’s Advanced Technology Development Center (ATDC) and Tech Square Ventures, provide tools, hands-on support, and resources that help companies develop go-to-market strategies, open doors faster, and transform strategies into action. Engage is eadquartered in Georgia Tech’s Technology Square. For more information, visit engage.vc.