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.”

Center to Aid Bioscience Entrepreneurs

The Georgia Bioscience Commercialization Center, a start-up organization intended to give bioscience entrepreneurs a leg up in business, officially launched its efforts Monday afternoon.

Through a faculty of 23 bioscience business leaders, the nonprofit GBCC will offer free advice to help get new bioscience creations get to market. The experienced executives will offer assistance with things such as reviewing and refining start-up concepts; drafting solid business plans; identifying investors; finding incubator space; and navigating the drug and device regulatory pathways.The GBCC will also provide referrals to providers of services from accounting to sales. For entrepreneurs getting started, all of this is free. Companies listed in the GBCC’s providers directory pay a fee of $950 per year.

One of the local faculty members is Harold Shlevin, Ph.D., a 30-year biosciences-industry executive and researcher, who works at Georgia Tech’s Advanced Technology Development Center (ATDC) as manager of ATDC-Biosciences. At ATDC, he serves as a startup catalyst advising new bioscience companies within the ATDC and evaluates and guides new and emerging bioscience enterprises that are based on Georgia Tech research innovations as well as others across Georgia.
To read more about the new Georgia Bioscience Commercialization Center, click here.
To read more about Harold Shlevin, click here.

ATDC Company Wins Business Launch Contest

Toomah, an ATDC company based in Atlanta that automates the interviewing process, won the 2010 GRA/TAG Business Launch Competition. Toomah got $50,000 cash and more than $200,000 in donated services from the Atlanta business community.

Two of the three finalists in the fifth annual competition were also ATDC companies: Khu.sh, a music intelligence application company, and Transaction Tree, a green company. The third company, SolidFire, is a cloud computing company. The three will split the remaining $200,000 in pro bono services, a first for the competition.

Judges included Tom Crotty, managing director of Battery Ventures Boston; Stephen Fleming, vice president of the Enterprise Innovation Institute at Georgia Tech; John Glushik, general partner of Intersouth Partners; Boris Jerkunica, chairman of the Atlanta Silverbacks; Hooks K. Johnston, general partner of Valhalla Partners; Mark Koulogeorge, managing general partner of MK Capital; Mark Morel, chairman and CEO of Whoop Inc.; and Alan Taetle, general partner of Noro-Moseley Partners.
To read the entire article, click here.

Startup Accelerator ATDC Celebrates 30th Anniversary

Georgia Tech’s startup accelerator, the Advanced Technology Development Center (ATDC), celebrated 30 years of helping launch and build technology companies with a “Startup Showcase” attended by more than 500 persons on May 24th.  At the event, ATDC added four companies to its long list of graduates.

Georgia Tech President G.P. “Bud” Peterson was the main speaker, reviewing the ATDC’s history and congratulating members of the Committee of Twenty – Georgia Tech alumni whose interest in technology startups during the late 1970s led to formation of the incubator.

“It’s really a pleasure to be here to celebrate this 30-year anniversary and to be able to reflect back on some of the great successes of the ATDC,” Peterson told a crowd of entrepreneurs assembled in the ballroom of the Georgia Tech Hotel.  “There are many, many positive things that have resulted from this organization and its interaction with people in this community, the greater Atlanta area, the state of Georgia – and all across the country.”

Stephen Fleming, Georgia Tech vice president and executive director of the Enterprise Innovation Institute, reviewed progress made by the ATDC in expanding membership and increasing program offerings over the past year

“If you are a Georgia technology entrepreneur, we will help you no matter where you are located in the state or what your background is,” he said.  “In addition to our brick-and-mortar facilities in Atlanta and Savannah, we are spreading across the rest of the state, which is part of our mandate.”

Nearly a year ago, ATDC opened its membership to all technology companies in Georgia.  On the day of the Showcase, ATDC had 321 members.  “That makes us the largest technology incubator, as far as I know, in the world,” Fleming added.

The startup accelerator still focuses on companies that are developing new technologies, but no longer emphasizes raising venture capital.  That’s because many entrepreneurs are now bootstrapping their operations or have independent sources of funding, Fleming said.

Even with the incubator’s reduced fund-raising focus and the down economy, ATDC companies still raised a total of at least $150 million in venture capital during the past year, Fleming said.

ATDC is also expanding the geographic breadth of its operations beyond its physical incubators in Atlanta and Savannah.  At the Showcase, Fleming announced that ATDC would begin offering educational programs in Gwinnett County, along with regular office hours to meet entrepreneurs – though there are no current plans to provide incubator space there.

He also noted that ATDC has resumed its focus on biosciences companies with the hiring of two staff members – Nina Sawczuk and Harold Shlevin – both with long experience in the life sciences industry.

Fleming congratulated representatives from four companies that had met requirements for graduating from the incubator.  The four – CommerceV3, Endgame Systems, Izenda Reports and Purewire – joined 120 other companies on a list of ATDC graduates that goes back to 1986.

President Peterson took note of ATDC’s best known graduate: Suniva, which became the Southeast’s first manufacturer of photovoltaic cells in 2009.  The firm grew out of research in Georgia Tech’s University Center of Excellence for Photovoltaics Research and Education, which is part of the School of Electrical and Computer Engineering.

“Suniva has created more than 150 clean-energy jobs manufacturing high-efficiency solar cells,” Peterson noted.  The company was recently recognized by U.S. Secretary of Energy Steven Chu, who called it “the poster child for the new energy economy.”

About the ATDC: The Advanced Technology Development Center (ATDC) is a startup accelerator that helps Georgia technology entrepreneurs launch and build successful companies.  For 30 years, ATDC has helped create millions of dollars in tax revenues by graduating more than 120 companies, which together have raised more than a billion dollars in outside financing.  ATDC has provided business incubation and acceleration services to thousands of Georgia entrepreneurs.

Recently, ATDC expanded its mission by merging with Georgia Tech’s VentureLab and with the Georgia SBIR Assistance Program, which are also part of Georgia Tech’s Enterprise Innovation Institute.  This change has enabled ATDC to greatly extend its reach to serve more technology companies along multiple growth paths and at all stages of development.  ATDC has opened its membership to all technology entrepreneurs in Georgia, from those at the earliest conception stage to the well-established, venture-fundable companies.

Enterprise Innovation Institute

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Media Relations Contact: John Toon (404-894-6986)(ude.hcetagnull@nootj).

Writer: John Toon

Georgia Tech’s ATDC: 30 Years Of Supporting Startups

So what if Stephen Fleming threw a party, and everybody came – including Georgia Tech President G.P. “Bud” Peterson? That was just about the experience at Monday’s ATDC Startup Showcase, which doubled as both the 2010 commencement event for a new class of graduates, and a celebration of the ATDC’s 30-year anniversary. In addition to featuring more than 40 ATDC member companies, the Georgia Tech Hotel and Conference Center was filled with investors, professors, entrepreneurs and local startup celebs. It was an afternoon of innovation wrapped up by a special edition of the monthly Startup Drinks event – truly something for everyone who attended…  And as if on-cue for the anniversary, the ATDC was also recently named one of the “Ten Technology Incubators Changing the World” by Forbes Magazine – alongside such luminaries as the new-generation Y Combinator, and the world-renowned Palo Alto Research Center (PARC). Forbes noted the ATDC has launched more than 120 companies over the last 30 years and has helped raise more than $1B in outside funding for member companies.

To read the full TechDrawl story, click here.

ATDC Featured in Georgia Tech Alumni Magazine

The Advanced Technology Development Center celebrated its 30th birthday by launching four more companies during a May ceremony.

Since starting in 1980, the center, which incubates businesses, has had 120 graduating businesses that have created more than 4,000 jobs in Georgia. It has generated an estimated $13 billion in revenues and more than $100 million in profits. Stephen Fleming, Phys 83, ATDC director and vice president of Tech’s Enterprise Innovation Institute, thanked the state, ATDC employees and volunteers for their support over the years.

To read the full article in the Georgia Tech Alumni Magazine, click here.

ATDC Company SimCraft’s Product Featured in Iron Man 2

When Tony Stark – a genius engineer and the hero of Marvel Studios’ new film Iron Man 2 – needed to train for the Monaco Grand Prix, only a top-notch racing simulator would suffice. Although Stark lives in a world inhabited by superheroes, he obtained the innovative technology in Atlanta from SimCraft, a member of Georgia Tech’s Advanced Technology Development Center (ATDC).

The SimCraft APEX racing simulator is visible on the left side of Tony Stark’s workshop/garage (Prologue Films VFX for Marvel Studios).

The SimCraft APEX racing simulator is featured prominently in the Iron Man 2 film, along with a number of unique cars and a folding wing aircraft. SimCraft produces a low-cost, military-grade, full-motion simulator that provides a simulated G-force for SimRacing and FlightSim at home. The system features a patent-pending chassis that rotates around three degrees of freedom. At its most advanced setup, the system allows the cockpit’s occupant to yaw up to 50 degrees to the left and right, pitch up to 30 degrees fore and aft, and roll up to 50 degrees port and starboard.

“The simulator shows up in three scenes, and in one scene in particular it takes up almost half the screen,” said Sean Patrick MacDonald, SimCraft’s co-founder. “The property master of the film, Russell Bobbitt, asked if they could have Tony Stark use the simulator as a prop and mark it as a Stark Industries creation. My response? Absolutely!”

Iron Man 2 marks a measure of success for an innovator’s son who is, like Stark, carrying on with his late father’s cutting-edge technology company. SimCraft was originally a retirement business for MacDonald’s father William; however, after his death in early 2002, Sean Patrick decided to expand upon his father’s mission. That expansion has brought SimCraft to its present day growth and cameo appearance in the film.

In this sequel to the blockbuster film based on the legendary Marvel superhero, the world is now aware that billionaire inventor Tony Stark (Robert Downey, Jr.) is the armored Iron Man. Under pressure from the government, the press, and the public to share his technology with the military, Tony is unwilling to divulge the secrets behind the Iron Man armor because he fears the information will slip into the wrong hands. However, he doesn’t let these concerns stop him from racing at Monaco, where he confronts this fear in the form of evil genius Whiplash (Mickey Rourke) armed with energy whips.

In anticipation of the premiere, SimCraft hosted a simulated racing event with those who helped make the film possible. The SimCraft APEX shows up in the background and foreground of the workshop scenes in the movie.

About SimCraft:

SimCraft’s core innovation and technology is the simulation of vehicle movement. The company’s proprietary software and patent pending hardware provide realistic, zero latency motion™ for racing and flight simulation. This high performance system provides an unparalleled virtual environment from training applications by honing technical skills and experimentation with vehicle setups to the ultimate in pure entertainment. For more information about SimCraft’s advanced motion technology, visit http://www.SimCraft.com.

 

About the ATDC:

The Advanced Technology Development Center (ATDC) is a startup accelerator that helps Georgia technology entrepreneurs launch and build successful companies. Founded in 1980, ATDC has helped create millions of dollars in tax revenues by graduating more than 120 companies, which together have raised more than a billion dollars in outside financing. ATDC has provided business incubation and acceleration services to hundreds of Georgia startups – most of which are not based on Georgia Tech research, but which benefit from the close proximity to the university.

Recently ATDC expanded its mission by merging with Georgia Tech’s VentureLab and with the Georgia Small Business Innovation Research (SBIR) Assistance Program.  This change has enabled ATDC to greatly extend its reach to serve more technology companies along multiple growth paths and at all stages of development.  ATDC has opened its membership to all technology entrepreneurs in Georgia, from those at the earliest conception stage to the well-established, venture-fundable companies.

ATDC is part of the Enterprise Innovation Institute (EI2) at Georgia Tech, which helps Georgia enterprises improve their competitiveness through the application of science, technology and innovation.  ATDC currently has three facilities; two at Georgia Tech’s main campus in Atlanta, and one at Georgia Tech’s satellite campus in Savannah.

Research News & Publications Office
Enterprise Innovation Institute
Georgia Institute of Technology
75 Fifth Street, N.W., Suite 314
Atlanta, Georgia 30308 USA

Media Relations Contact: Michael Boardman (877-746-2723); e-mail: (moc.tfarcmisnull@rp).

Writer: Nancy Fullbright

 
 
 
 
 
 

 

 

Fleming Interviewed About ATDC Showcase

Stephen Fleming, vice president of EI2, was interviewed by TechDrawl about the upcoming ATDC Showcase. The event, to be held on Monday, May 24, at the Georgia Tech Hotel & Conference Center, will celebrate the class of 2010 and its 30th anniversary.  Founded in 1980, ATDC has helped create millions of dollars in tax revenues by graduating more than 120 companies, which together have raised more than a billion dollars in outside financing.

Watch the interview here.

For more information about the Showcase, click here.

ATDC Company Featured in Techview Atlanta

ATDC company Khush was recently featured in Techview Atlanta for its intelligent music application LaDiDa, a reverse karaoke iPhone application that analyzes sung vocals and composes matching accompaniment. Using artificial intelligence, the application analyzes the voice of the person singing into the phone and plays it back with appropriate music.

Khush was founded in May 2009 as one of Shotput Ventures’ first class of eight companies. It raised a total so far of about $129,000 from a Shotput seed investment, a grant from Georgia Tech’s VentureLab, and an angel investment from Rackspace executive Pat Matthews.

To read the entire article, click here.

 

ATDC Graduate Company Recognized by White House

Suniva, a Georgia-based manufacturer of advanced solar cells, was recognized by Department of Energy Secretary Steven Chu as “An American Success Story” on his White House blog.

The entry followed Chu’s visit to the Georgia Institute of Technology, where Suniva’s technology was developed.

The company, which designs, manufactures and markets advanced solar energy cells, is the brainchild of Ajeet Rohatgi, director of the University Center of Excellence for Photovoltaic Research and Education at Georgia Tech. Suniva is a graduate member of the Advanced Technology Development Center (ATDC), a start-up accelerator that helps Georgia technology entrepreneurs launch and build successful companies. ATDC is part of the Enterprise Innovation Institute (EI2) at Georgia Tech, which helps Georgia enterprises improve their competitiveness through the application of science, technology and innovation.  ATDC currently has three facilities; two at Georgia Tech’s main campus in Atlanta, and one at Georgia Tech’s satellite campus in Savannah.

To read Secretary Chu’s full blog entry, click here.