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.

 

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.”

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.

More startups join Engage

Kell Canty headshot verady

Kell Canty is CEO and co-founder of Verady, one of eight startups in Engage’s spring 2018 cohort. (Photo: Péralte C. Paul)

Eight additional technology startups will go through an early stage venture fund created by Georgia Tech and 10 leading global corporations.

 

The Engage Ventures growth program differs from other accelerators in that it targets later stage companies and helps them develop and execute go-to-market strategies.

 

“Bringing top executives from our corporate partners together with founders of high-growth companies to focus on go-to-market has unlocked immense value,” said Thiago Olson, managing director of Engage Ventures. “We’re humbled by the talent pulled together this spring.”

 

The three-month program brings the startups to Georgia Tech’s Technology Square.

 

Sean Henry speaking

Sean Henry is CEO and co-founder of STORD, a startup in Engage’s spring 2018 cohort. Inc.com named him one of the Global Top 50 Emerging Entrepreneurs of 2017 and America’s Top 30 Emerging Startups of 2017. (Photo: Péralte C. Paul)

Companies in the spring cohort are pioneering technologies spanning from autonomous flight to artificial intelligence to blockchain, Olson said. To date, this group of companies join Engage with average annual revenue of $1 million and an average of more than $3.5 million in venture funding.

 

Half of the startups have Georgia Tech connections. Three are current portfolio companies in Tech’s Advanced Technology Development Center (ATDC) and a fourth participated in CREATE-X, a series of entrepreneurship programs for undergraduate students.

 

Meet the companies (one is in stealth mode):

  • Dev/Con: The cyber security company works with media and agencies to detect and prevent advertising fraud. The company is part of the ATDC Signature portfolio.
  • Homee: The company offers an on-demand, home servicing app that provides instant access to handymen, electrical, HVAC, and plumbing providers.
  • Intriono: A FinTech marketplace with access to more than 200 financial data feeds that cover 350,000 global securities.
  • PRYON: This company developed an AI platform with the accuracy and security features necessary for enterprise applications.
  • STORD: A real-time global warehousing network that connects independent, third-party warehouses via an enterprise software platform to drive inventory efficiency. This company participated in Georgia Tech’s CREATE-X.
  • ThingTech: An IoT service platform that connect assets, fleets, heavy equipment, sensors, machines and mobile workforces in real-time. The company is part of the ATDC Signature portfolio.
  • Verady: This company combines blockchain and industry thought leadership to bring accounting and audit technology to cryptocurrencies. The company is part of the ATDC Accelerate portfolio.

 

Josh Summit

Josh Summit is chief technology officer of Dev/Con. (Photo: Péralte C. Paul)

The startups are the second cohort to go through the program. The first group completed the program in the fall.

 

This current portfolio builds on the success of Engage’s fall 2017 program. “Investing with Engage has allowed us to tap the latest in disruptive technologies and look for potential collaborations with our own digital transformation efforts,” said Christian Fischer, president and CEO of Georgia-Pacific. “This program model is working – the caliber of innovation that these companies have brought to the table has been impressive.”

 

The cohort builds on the success of Engage’s fall 2017 efforts, which are intended to provide a world-class program for high-potential startups, said Martin L. Flanagan, president and CEO of Invesco and chairman of Engage.  “In a short period of time, the fall cohort’s activity led to 24 signed contracts between the startups and our corporate partners and $18 million in closed financings. On average, the program’s startups from the fall cohort are projected to add an additional $400,000 in revenue in 2018.

 

Tim Quinn

Tim Quinn is CEO and co-founder of ThingTech. (Photo: Péralte C. Paul)

Engage Ventures is the largest-ever strategic grouping of major corporations in an independent venture firm. The 10 founding companies contributing capital, expertise, time and resources in support of Engage include 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. Executives from these firms mentor companies receiving financial support from the venture fund. The fund is managed by Tech Square Ventures, which is led by managing partner Blake Patton.

 

Engage offers programming and other services through a contract with ATDC, which was established at Georgia Tech by Georgia lawmakers in 1980 to launch and build technology companies.

 

“This initiative is producing stellar results by leveraging Georgia Tech’s startup expertise through programs such as ATDC,” said Chris Downing, vice president and director of the Enterprise Innovation Institute (EI2). The unit is Tech’s economic development arm and is comprised of a dozen programs, including ATDC and Engage.

 

“Tapping into ATDC and having access to the talent, resources, and collaborative opportunities with some of the world’s largest corporations has helped us create what we see as a world class model for such public-private partnerships.”