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.

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’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 time of 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)

Advanced Technology Development Center and NASCO to host ATDC Federal Healthcare Innovation Summit

Summit is part of U.S. Department of Health and Human Services’ national

Startup Days tour to showcase opportunities for entrepreneurs and coders.

HHS Idea Lab

 

The Advanced Technology Development Center (ATDC) is hosting the U.S. Department of Health and Human Services (HSS) and several other federal agencies in a daylong conference designed to connect them with local entrepreneurs and startups in the health and government technology sectors.

 

The ATDC Federal Healthcare Innovation Summit will be held September 12 from 9 a.m. to 3 p.m. at ATDC. (Register here.) It is being 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.

 

HHS officials, including Edward Simcox, the agency’s chief technology officer, are coming to Atlanta as part of the department’s Startup Days tour of eight cities across the United States.

 

Startup Days aims to engage entrepreneurs, inform them of HHS’ processes and funding opportunities, and feature a “Shark Tank” pitch competition for select HealthTech and GovTech startups. (Apply for the Shark Tank pitch competition here.)

 

“Health and Human Services, through its HHS Idea Lab, is always trying to find new ways to interact and engage with entrepreneurs in the technology and health spaces,” said Kirk Barnes, ATDC HealthTech catalyst. “We are excited to help facilitate connections between HHS and Georgia’s technology ecosystem and we’ve expanded this initiative to include several federal agencies that have an interest in HealthTech innovation.”

 

Other federal agencies participating in the ATDC Federal Healthcare Innovation Summit include the:

  • U.S. Food and Drug Administration
  • U.S. Centers for Disease Control and Prevention
  • National Institutes of Health
  • Centers for Medicare and Medicaid Services
  • Office of the National Coordinator for Health Information Technology

 

With the Shark Tank competition, startups selected to participate will be asked to deliver their five-minute pitches that will include information related to:

  • Traction
  • Ingenuity of idea
  • Problem solution fit
  • Market fit
  • Scalability
  • Potential to work with HHS

 

After the pitches, healthcare leaders from across HHS, will provide constructive feedback to help entrepreneurs get a better understanding of how they can better engage with federal agencies.

 

Following the Summit., ATDC is hosting Silence the Shame: Bringing Together Technology, Entertainment, and Academia to Address Mental Health for National Suicide Prevention Awareness Month will take place from 5 p.m. to 8:30 p.m. in Tech Square. (Click here for more details.)

 

About the HHS Idea Lab

The Health and Human Services IDEA Lab, within the Office of the Chief Technology Officer, was established to encourage and enable innovation at HHS. We help HHS explore, test and accelerate solutions that improve the delivery of health and human services. The IDEA Lab is the Department’s go-to resource to solve complex problems with innovative approaches and best practices from federal agencies, industry, and non-profits. To learn more, visit, hhs.gov/idealab.

 

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 $2 billion in investment financing and generating more than $12 billion in revenue in the State of Georgia. To learn more, visit atdc.org.

 

About NASCO

NASCO provides an integrated suite of information technology products and services that help healthcare payers address unique business challenges and revolutionize business operations. Owned by and exclusively serving Blue Cross and Blue Shield Plans for more than 30 years, NASCO provides seamless benefit management, eligibility, membership, billing and claims processing support for Blue Plans, allowing them to provide competitive healthcare products in federal, state and multistate markets for nearly 25 million members. NASCO’s partnership with multiple Blue Plans cultivates a community that fosters the collaboration needed to promote innovation, deliver shared solutions and create a competitive cost advantage. NASCO is shaping the future of healthcare IT. For more information, visit nasco.com.

Advanced Technology Development Center presents Silence The Shame for mental health awareness

Experts from technology, entertainment, and academia to address

mental health for National Suicide Prevention Awareness Month.

 

Silence The Shame logo

The Advanced Technology Development Center (ATDC) is bringing attention to mental health and the role technology has in raising awareness and providing tools to professionals and those seeking help alike.

 

ATDC is hosting an interactive panel discussion as part of former music industry veteran Shanti Das’ national mental health movement, Silence The Shame.

 

Sponsored by Atlanta-based Cox Enterprises, Silence The Shame brings together a panel of industry experts from the entertainment, professional sports, technology, academia, and science backgrounds to address the negative stigma associated with mental health, said Kirk Barnes, ATDC’s health technology catalyst and panel moderator.

 

The event, which coincides with National Suicide Prevention Awareness Month, will be held at the Garage at Tech Square on September 12, from 5 p.m. to 8:30 p.m. (The event is free and open to all, but attendees are asked to register here.)

 

Panelists include Das; Amber D. Barnes, founder of Motivate to Elevate, a health and wellness company; Yared Alemu, founder of TQ Intelligence, a mental health technology startup in ATDC’s portfolio; and Kirk Barnes.

 

Suicide is the 10th leading cause of death in the United States, according to the U.S. Centers for Disease Control and Prevention (CDC). But it ranks as the second leading cause of death among those who are between 10 and 34 years old, CDC data show.

 

For Das, an Atlanta native and music industry executive who has worked with a wide range of acts including OutKast, Usher, and TLC, mental health is a deeply personal issue for her.

 

“My father committed suicide when I was seven months old and my best friend took her own life four years ago,” said Das, who launched the Silence The Shame initiative as part of her Hip-Hop Professional Foundation. “No one is immune to having a mental health struggle, or the situations that can trigger those issues, whether it’s divorce, or the death of a loved one, racism, or the PTSD of a mass shooting.

 

“We need to talk about mental health more and as we do so, we’ll begin to the end the stigma and normalize those discussions around our mental health and self-care, and silence that shame many of us have in discussing mental health.”

 

Barnes said the interactive panel discussion and Q&A will be forum for the exchange of ideas and sharing of tools and techniques to help attendees find ways to improve their emotional, psychological, physical, and social well-being.

 

“Having unique perspectives from people in multiple industries can help shed light on what mental health is and help people find real-world solutions regarding mental health,” Barnes said.

 

“Historically, there hasn’t been a lot of innovation in mental health in the technology space because it’s a subjective and personal subject. But now, we’re finding you can use technology to help give access to mental health professionals and the resources and tools they use for mental wellness and well-being.”

 

About Silence The Shame

Established by music industry veteran Shanti Das, Silence The Shame is an initiative designed to help remove the shame and stigma related to mental health. Silence The Shame, which aims to educate and provide resources for treatment, support, and care, is part of the Hip-Hop Professional Foundation, whose goal is to empower and enrich the lives of those in underserved communities around youth empowerment, mental health, and poverty. To learn more, please visit silencetheshame.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 more than $2 billion in investment financing and generating more than $12 billion in revenue in the State of Georgia. To learn more, visit atdc.org.

Advanced Technology Development Center and Georgia Tech Research Corporation to host first-ever “How to License Georgia Tech IP”

Entrepreneurs invited to attend panel discussion and learn how to find, commercialize Georgia Tech research.

ATDC logo

Do you have a great concept that addresses a market need or solves a business challenge, but don’t know how to find the technology to power your idea? Or are you an entrepreneur who wants to find a commercial strategy for an exciting technology coming out of a research lab?

 

The Advanced Technology Development Center (ATDC) and the Georgia Tech Research Corporation (GTRC) are co-hosting a panel discussion, “How to License Georgia Tech IP,” on August 22 from 5 p.m. to 7 p.m. The event, which will be held in ATDC’s Community Room at 75 5thSt. NW in Atlanta, is designed to help entrepreneurs learn how to access the Institute’s research findings and commercialize them into viable technology companies. (Register here.)

 

ATDC is the state of Georgia’s technology incubator helping entrepreneurs launch and scale technology companies. GTRC is the contracting unit for all of Tech’s sponsored research activities. It also licenses intellectual property (IP) developed by Institute faculty and students — including patents, software, and copyrights, among other components.

 

Georgia Tech Research Corporation“We often hear from entrepreneurs that they have an idea or have identified a problem their idea solves, but they don’t know how to go about finding the technology around which to build their company,” said ATDC Interim Director Jane McCracken. “Or, if they know they can tap into Georgia Tech’s vast research expertise, they don’t know exactly where to go or how to start that process.

 

“So, with this event, we’re giving entrepreneurs and the public at large an opportunity to better understand how to do that and how we at ATDC and GTRC can be resources to help them access Georgia Tech intellectual property.”

 

The panelists — which include the founders of three companies that have licensed technology developed at the Institute — will share their respective journeys and insights into building their companies using Tech IP.

 

McCracken will moderate the panel, which is comprised of (from left to right):

“This panel illustrates the myriad of ways entrepreneurs can license and leverage Georgia Tech-created IP to form new companies,” Bray said. “Musheer is a Tech Ph.D who created his company from the research he conducted, while Finn, who has no Tech affiliation, licensed technology from GTRC for his startup, and Jim is a serial entrepreneur.”

 

Many entrepreneurs have questions regarding IP law and standards governing licensing, Bray said. Panelist Scott Bryant, an attorney who regularly counsels clients on commercializing university IP, will address that aspect of licensing technology.

 

“ATDC and GTRC want attendees to have a comprehensive understanding of how they can plug into Georgia Tech and how we can help them create strong companies,” Bray said. “Licensing technology and navigating the university IP landscape can be daunting, but we want this to serve as a blueprint for entrepreneurs.”

 

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.

 

About the Georgia Tech Research Corporation

The Georgia Tech Research Corporation (GTRC) is a state chartered 501(c)(3) not-for-profit corporation serving the Georgia Institute of Technology. GTRC serves as the contracting entity for all sponsored research activities at Georgia Tech. It also protects and licenses intellectual property (patents, software, copyrights, etc.) created at Georgia Tech. Through technology transfer, GTRC enables the Institute to maintain strong partnerships with the public and private sectors to assure the benefits of discovery are widely disseminated. For more information, visit industry.gatech.edu.

To view intellectual property currently available for licensing, visit technologies.gtrc.gatech.edu.

Advanced Technology Development Center portfolio companies raise more than $56 million in investment capital in first half of 2018

ATDC startups completed 63 deals in first six months of the year.

 

ATDC logoStartups in the Advanced Technology Development Center’s (ATDC) current portfolio raised $56 million in investment capital in the first half of 2018. The figure also includes $4.9 million in non-dilutive funds companies received — with assistance from ATDC — through federal grants and awards.

 

The funds raised — mostly seed and Series A funding — tracks with ATDC’s record-setting year in 2017 and is more than three times the amount portfolio companies recorded at mid-year in 2016.

 

ATDC’s graduate companies raised an additional $229 million in the first half of 2018, and that, combined with the incubator’s current member companies’ results, brings the total investments in the first half of 2018 to $285 million.

 

Companies that raised funds in the period included Greenlight Financial Technology, which completed a $20 million Series A round; Rimidi, which closed a $6.57 million Series A round; Cypress, which raised $4 million; Volantio, which secured $2.6 million, and RoadSync, which completed a $2.5 million round.

 

“In addition to the sizeable amount of funds raised, it is important to note that companies in their earlier stages of development, those that participate in our Accelerate program activities, closed 23 investment deals,” said Michael A. Maziar, ATDC’s investor relations manager.

This is the same number of deals that companies further along in their maturity, those in ATDC’s Signature program, achieved.

 

“This level of activity is significant because national trends keep pointing to larger and later stage investments, making earlier stage funding even harder to raise. We are proud to buck this trend which is a testament to the coaching and program activities that we provide.” Maziar said.

 

“ATDC has been key in helping us build our momentum at a critical part of our growth stage,” said Robin Gregg, CEO of RoadSync, a digital payments platform for the transportation industry. “Michael was instrumental in this funding round because he made the introduction our lead investor.”

 

Pro-actively connecting companies with sources of funding is among the key program activities that ATDC provides, Maziar said.

 

“Our investor connections are not only locally based but we continue to increase the number of investor relationships through the ATDC Venture Showcase events we host in New York City, on the West Coast, and now, Boston, where we’ll be taking 12 companies in September to meet investors based there,” he said.

 

Thegoal of the ATDC Venture Showcases is to give out-of-state investors who may not be as intimately familiar with Atlanta’s technology ecosystem, a sense of the innovative, investable startups that are here.

 

“Not only do we want to foster and deepen the relationships in other cities and impress them with a sample of the investor-ready startups we have in Atlanta, but we also see the results when they visit in-person to see all the potential opportunities we have here,”

 

At the April 2018 Venture Showcase in San Francisco and Silicon Valley, ATDC presented 10 Georgia companies to 44 venture capitalists from 40 area firms, including San Mateo, Calif.-based Sierra Ventures, which has more than $1.9 billion in investments under management.

 

“ATDC brought carefully selected, early-stage startups to Silicon Valley and allowed us to meet with them in an informal setting,” said Jim Doehrman, Sierra Ventures’ operating partner.

 

“We are impressed with the quality of the companies and I don’t feel that we could have identified these companies as potential investment opportunities through our standard network,” Doehrman said. “We would like to increase our investment presence in Georgia and the Venture Showcase was a great step for us.”

  

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.

 

About ATDC Investor Connect:

ATDC strategically matches its portfolio companies to capital through curated investor interactions. The Investor Relations manager is available for consultations to help companies develop a focused funding strategy. In addition, the manager works with the incubator’s coaching staff for funding preparation. The outcome creates exceptionally engineered investor readiness, resulting in high value deal flow for investors. For more information, visit atdc.org/how-we-help/capital.

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.