Wellstar invests in Engage corporate venture platform to fuel innovation

Innovation is vital to the Wellstar mission, says Candice Saunders (pictured), the health system’s president and CEO.

Building on a rich history of innovation and impact in healthcare delivery, Wellstar Health System has launched Catalyst by WellstarTM, a global digital health and innovation center.

 

As part of the center’s work, Wellstar has partnered with corporate innovation and venture platform Engage to connect and collaborate with industry-leading corporations, enterprise startups, and universities to fuel innovation. To foster meaningful discussion, action, and philanthropy around healthcare innovation, the Catalyst by Wellstar leadership team will participate in a Wellstar Foundation-hosted Innovation Series virtual event on June 15.

 

Catalyst by Wellstar is the first-of-its-kind global digital health and innovation center created and operated within a health system to holistically address healthcare disruption by harnessing problems, solutions, investments, and partnerships across industries. The center defines and drives leading-edge, transformative solutions that enhance the health and well-being of people and communities with world-class results and impact.

 

As technology continues to advance and consumers become more empowered by digital solutions and information access, innovation to solve problems and seize opportunities will evolve and impact how healthcare is delivered and used. Wellstar is committed to transforming healthcare through problem sourcing from patients, community members, physicians and team members, and partners to lead mission-driven innovation. Catalyst by Wellstar is designed to harness, accelerate, optimize, and scale people-centric solutions that:

  • Disrupt how Wellstar delivers care to create better patient and provider experiences.
  • Maximize quality and safety to improve outcomes while reducing the total cost of care.
  • Enhance health and well-being for people through access, engagement, and empowerment.
  • Optimize enterprise performance excellence, efficiencies, and productivity.
  • Impact communities and the world by designing the future of healthcare.

 

“Innovation is vital to our mission of enhancing the health and well-being of every person we serve, today and into the future,” said Candice L. Saunders, president and CEO, Wellstar Health System. “Catalyst by Wellstar positions us to lead change across our system, communities, and the healthcare industry.”

 

Catalyst by Wellstar convenes and activates best-in-class entrepreneurs, philanthropists, innovation ecosystems, research and development experts, corporate partners, academicians and scientists, and thought leaders inside and outside of the healthcare industry. The center will encompass innovation that drives positive impact related to:

  • Sustainability
  • Aging and children
  • Health equity

 

“There is endless opportunity to transform healthcare in positive and meaningful ways,” said Dr. Hank Capps, executive vice president and chief information and digital officer, Wellstar Health System. “With Catalyst by Wellstar, our system is poised to purposefully drive innovation faster than the speed of change through thought leadership and collaboration. Our global digital health and innovation center will equip Wellstar to transform the way healthcare is delivered for years to come.”

 

The first Catalyst by Wellstar partnership is an investment in Atlanta-based Engage, a first-of-its-kind collaborative innovation and corporate venture platform at the Georgia Institute of Technology. Engage brings together industry-leading corporations, enterprise startups, and universities with the shared mission of elevating Atlanta and the Southeast as a leading technology and innovation hub. Wellstar is the only healthcare company to partner with Engage. Saunders has joined Engage’s board of directors and Capps has been named to the Engage Advisory Board.

 

“As a regional and national healthcare leader, Wellstar brings critical industry perspective to the Engage platform,” said Daley Ervin, managing director of Engage. “Our corporate partners are facing challenges posed by large-scale digital transformation and rapidly evolving customer expectations. Through this partnership, Wellstar will benefit from the expertise of a broad network of industry-leading companies while also leveraging the startup and university research ecosystem on their journey to design the future of healthcare.”

 

As a result of Wellstar’s investment in Engage, the system will have the opportunity to collaborate with startup technology companies as part of the innovation process, alongside other Engage partners: Chick-fil-A, Cox Enterprises, Delta Air Lines, Georgia-Pacific, the Georgia Power Foundation, Georgia Tech, Goldman Sachs, Home Depot, Inspire Brands, Intercontinental Exchange, Invesco, Invest Georgia, Tech Square Ventures, and UPS. The Engage Fund is managed by Tech Square Ventures. Engage’s exclusive partnership with Georgia Tech, one of the country’s top research and technology commercialization universities, provides unique access to its startup, innovation, and research initiatives.

 

“Healthcare is one of the strategic areas of focus for UPS and I am thrilled to welcome Wellstar to the Engage partnership,” said Matt Guffey, president of Global Strategy and Transformation at UPS and Engage Advisory Board member.

 

The second Wellstar Foundation Healthcare Innovation Series virtual roundtable will take place on June 15, 2021 from noon to 1:30 p.m. The event will focus on “Designing the Future of Healthcare,” with emphasis on the role of technology and innovation. The Series convenes community, philanthropic, and thought leaders to facilitate conversation and collaboration to propel the transformation of healthcare. More than 100 participants attended the inaugural event and engaged in discussion about how to enhance health equity. For more information, contact gro.ratsllewnull@evig.

T-Mobile, Georgia Tech, and Curiosity Lab Team Up to Fuel 5G Innovation in Drones, Autonomous Vehicles, Robotics, and More

New 5G Connected Future incubator program will support growth and development of 5G entrepreneurs and startups.

 

Outside picture of Curiosity Lab at Peachtree Corners

Curiosity Labs at Peachtree Corners is home to the 5G Connected Future incubator that will be managed by Georgia Tech’s Advanced Technology Development Center (ATDC).

The new 5G incubator is located in the city of Peachtree Corners’ 500-acre smart city technology park, a living lab powered by T-Mobile 5G where more than 8,000 people live or work. The facility features a 25,000 square foot Innovation Center and 3-mile autonomous vehicle test track. T-Mobile has deployed its Extended Range 5G and Ultra Capacity 5G network across the park enabling developers to build solutions in a real-world environment. Here developers will build and test new 5G use cases such as autonomous vehicles, robotics, industrial drone applications, mixed reality training and entertainment, remote medical care, personal health and fitness wearables, and more.

 

“What a match-up! America’s leading 5G network, the brilliant minds of Georgia Tech and the most advanced living lab in the country — now that’s a powerhouse combination,” said John Saw, EVP of Advanced & Emerging Technologies at T-Mobile. “We cannot wait to see the innovation that occurs as entrepreneurs and developers build the next big thing in 5G backed by these world-class resources.”

 

Hedshot of ATDC Director John Avery

John Avery is director of ATDC.

The new incubator, managed in collaboration with Georgia Tech’s Advanced Technology Development Center (ATDC), is an expansion of the T-Mobile Accelerator and part of the Un-carrier’s efforts to fuel 5G innovation. T-Mobile supports numerous initiatives to help startups and entrepreneurs develop, test and bring to market groundbreaking new 5G products and services. T-Mobile Accelerator is an award-winning program founded in 2014 that originated in the smart city corridor of Kansas City.

Companies participating in the 5G Connected Future program will work directly with technology and business leaders at T-Mobile Accelerator, Georgia Tech, and Curiosity Lab as they build, test and bring to market new products and services that unleash the potential of T-Mobile 5G. ATDC is a globally recognized technology incubator. The 5G Connected Future vertical is the fourth of its kind at ATDC and follows other targeted programs in health, retail and financial technologies.

 

“In addition to the normal startup concerns, entrepreneurs in the 5G space face a unique set of challenges such as regulatory issues at the state and local levels, network security, and integration testing,” said ATDC Director John Avery.

 

Betsy Plattenburg

Betsy Plattenberg is executive director of Curiosity Lab.

ATDC brings a unique framework that combines its startup curriculum, coaching, connections, and community, as well as direct access to Georgia Tech resources, research expertise, and student talent, to help entrepreneurs learn, launch, scale, and succeed. In this effort, ATDC will offer programing, recruit and evaluate startups, and hire staff to manage the vertical in Peachtree Corners.

 

“This collaboration is a great opportunity for ATDC and Georgia Tech, the city of Peachtree Corners and Curiosity Lab, and T-Mobile, a Fortune 50 company, to create a unique collection to work with these companies, refine their ideas into scalable companies, and bring these solutions to market more quickly,” Avery said.

 

Such a partnership underscores “Georgia Tech’s commitment to enabling tomorrow’s technology leaders, which remains as strong as when ATDC was founded 41 years ago,” said Chaouki T. Abdallah, Georgia Tech’s executive vice president for research. “Innovation cannot take place in a vacuum, which is why entrepreneurs and startups require the knowledge and resources provided through partnerships such as ours.”

 

“The City of Peachtree Corners and Curiosity Lab continue to affirm our commitment to technology innovation through programs, partnerships and engagements with industry leaders such as T-Mobile and Georgia Tech,” said Betsy Plattenburg, executive director of Curiosity Lab. “These two organizations were instrumental in the launch of Curiosity Lab and our continued collaboration will create opportunities for the next-generation of intelligent mobility and smart city entrepreneurs.”

 

T-Mobile 5G, A Platform for Innovation
T-Mobile is America’s 5G leader, with the fastest and largest nationwide 5G network. T-Mobile’s Extended Range 5G covers more than 280 million people across nearly 1.6 million square miles – more geographic coverage than AT&T and Verizon combined. With Sprint now part of T-Mobile, the Un-carrier is widening its lead, using dedicated spectrum to bring customers with capable devices download speeds of around 300 Mbps and peak speeds up to 1 Gbps.

 

With its supercharged 5G network as the foundation, T-Mobile is working to fuel 5G innovation and build the 5G ecosystem. The Un-carrier collaborates with universities and standards bodies to support 5G research and development.  In addition to running the award-winning T-Mobile Accelerator, it also operates the T-Mobile Ventures investment fund and is a co-founder of the 5G Open Innovation Lab.

 

Startups interested in joining the 5G Connected Future program can apply here.

Georgia Tech’s Economic Development Research Program Selects City of Woodbury for Revitalization Initiative

Three-month project to help city develop, plan short and long-term economic development goals for job growth, downtown revitalization.

 

Main Street, Woodbury, Georgia’s primary commercial strip. (Photo Credit: City of Woodbury)

The Economic Development Research Program (EDRP) at the Georgia Institute of Technology is working with Woodbury, a community in West Georgia’s Meriwether County, under an agreement to help a coalition of civic and business leaders develop a strategic assessment plan to guide the city’s economic development efforts.

 

The strategic assessment process includes an analysis of the community, starting with interviews with local and regional stakeholders. The completed assessment will also provide guidance on historic preservation as the city and local downtown development authority pursue redevelopment projects in some of Woodbury’s historic buildings in the central business district.

 

The project began in May 2020 and take three months to complete.

 

“The idea is by pursuing strategic redevelopment projects that make sense for Woodbury and leverage its assets, that will spur small business and job growth in downtown,” said Candace McKie, an EDRP project manager. “One of Woodbury’s strengths is that it is attractive to people seeking a slower pace of life in a community that offers the benefits akin to being in a big city.”

 

The assessment’s findings will help define Woodbury’s strengths and weaknesses and provide a preliminary vision to guide the city on attainable, effective actions to reach its short and long-term economic development goals. The strategic assessment will also aid Woodbury as it prepares its application for a Rural Zone designation by Georgia’s Department of Community Affairs.

 

Located in Meriwether County’s southeastern quadrant, Woodbury sits within the Three Rivers Regional Commission area, a 10-county body that provides a number of services, including aging programs, workforce development, transportation, and local/regional planning.

 

Woodbury — which is a little more than two square miles in area and home to about 900 residents —  is an hour’s drive south from Atlanta. Incorporated as a city in 1913, Woodbury’s downtown has a rich history. The community has statewide appeal, drawing tourists seeking rare antique finds, as well as outdoors enthusiasts who participate in waterfront recreational activities on the Flint River, located just a short trip to the east. Designated a “Broadband Ready” community by the Georgia Department of Community Affairs (DCA), the city recently installed 1G internet service throughout the downtown area.

 

Steve Ledbetter is mayor of Woodbury, Georgia. (Photo Credit: City of Woodbury)

Even with Woodbury’s cultural and natural amenities, local officials say the city is ripe for revitalization. That is why the city sought to capitalize on its historic assets and redevelop the downtown and submitted an application to the EDRP.

 

“Partnering with Georgia Tech to complete our Strategic Priorities Assessment for our community has highlighted our community’s sense of pride and ownership,” said Woodbury Mayor Steve Ledbetter.  Collectively, we can make a difference.  We can revive our downtown, bring new businesses into our community, and show our Georgia pride in Woodbury. We’re excited about this opportunity and look forward to implementing the plan developed through the EDRP program.”

 

Funded through a U.S. Economic Development Administration University Center grant, EDRP serves rural and economically distressed communities in Georgia, Alabama, Florida, Kentucky, Mississippi, North and South Carolina, and Tennessee.

 

Powered by Georgia Tech’s Center for Economic Development Research (CEDR), EDRP leverages Tech’s assets to help communities engineer economic development success through affordable, in-depth research.

 

Communities that apply for a research grant have to commit local funds, based on ability to pay.  That local funding maximizes resources and ensures community involvement through all research project phases. Some recent EDRP studies include projects in Walker, Grady, and Liberty counties.

 

About the Economic Development Research Program (EDRP)
EDRP is Georgia Tech’s signature program for providing affordable economic development research and analysis capacity for communities that need it the most.  EDRP is funded through the U.S. Economic Development Administration’s University Center grant program (Georgia Tech’s Enterprise Innovation Institute is a designated EDA University Center).  EDRP is available to eligible communities across eight southeastern U.S. states. To learn more, visit cedr.gatech.edu/edrp.

Delegates from Georgia Manufacturing Extension Partnership at Georgia Tech Meet with Congressional Leaders on Capitol Hill

Tim Israel, director of the Georgia Manufacturing Extension Partnership, in Washington, D.C. for the 2020 “Hill Day” at the U.S. Capitol.

The Georgia Manufacturing Extension Partnership (GaMEP) convened with members of the American Small Manufacturers Coalition (ASMC) during its annual “Hill Day” in Washington, D.C.

 

The two-day event, held on March 3 and 4, was an opportunity for ASMC members and their manufacturing clients to meet with their respective Congressional delegation and educate them about the National Institute of Standards and Technology’s Hollings Manufacturing Extension Partnership (MEP) program during the annual appropriations process.

 

The MEP National Network works with small and mid-sized U.S. manufacturers through designated MEP Centers, including the GaMEP at Georgia Tech. They are charged with assisting manufacturing clients to help them, to help create and retain jobs, increase profits, and promote innovation and growth for the future.

 

The intent behind Hill Day is to call attention to the importance of small and medium-sized manufacturers’ effect on rebuilding the economy.  By showcasing the achievements of this sector to elected officials, ASMC members are able to demonstrate a return on investment of the federal funding generated through the MEP program.

 

“As a part of the MEP National Network, the GaMEP works with manufacturers throughout the state offering solution-based approaches to increase top-line growth and reduce bottom-line cost,” said GaMEP Director Tim Israel. “We have a unique responsibility to boost Georgia’s economy by enhancing our clients’ competitiveness. I was excited to share these results with our congressional leaders so they can see our key successes this past year.”

 

In Georgia, the GaMEP worked with more than 700 manufacturers across the state to increase manufacturing sales by $317 million, reduce clients’ operating costs by $121 million, invest more than $159 million back into their plants, and create or retain 2,074 jobs.

 

As a program of the U.S. Department of Commerce, the MEP offers its clients resources centered on five critical areas: technology acceleration, supplier development, sustainability, workforce, and continuous improvement. In 2019, MEP generated a 14.4:1 return on investment, according to an Upjohn Institute for Employment Research study.

 

Nationally, in 2019, MEP clients reported $15.7 billion new and retained sales and the creation or retention of 114,650 jobs. Considering that the average U.S. manufacturing worker earns more than $87,185 in wages and benefits per year, MEP clients are economic drivers in their communities. MEP clients are also increasing their capacity for the production of goods. MEP clients reported $4.5 billion in new investments directly attributed to their work with MEP.

 

“The MEP National Network continues to significantly improve the productivity and competitiveness of America’s small and mid-sized manufacturers,” said Dave Boulay, ASMC board chairman and president of the Illinois Manufacturing Excellence Center.  “Hill Day provides us an opportunity to showcase those impacts to our congressional representatives and allow our clients to share their stories directly.”

 

About the Georgia Manufacturing Extension Partnership (GaMEP)
The Georgia Manufacturing Extension Partnership (GaMEP) is an economic development program of the Enterprise Innovation Institute at the Georgia Institute of Technology. The GaMEP is a member of the National MEP network supported by the National Institute of Standards and Technology. With offices in nine regions across the state, the GaMEP has been serving Georgia manufacturers since 1960. It offers a solution-based approach to manufacturers through coaching and education designed to increase top line growth and reduce bottom line cost. For more information, visit: gamep.org.

About the American Small Manufacturers Coalition (ASMC)
The American Small Manufacturers Coalition (ASMC) is a trade association of manufacturing extension centers that work to improve the innovation and productivity of America’s manufacturing community. ASMC advocates for legislative and programmatic resources that allow our small manufacturing clients to better compete in the global marketplace. The Coalition and its members do this by increasing awareness of the importance of American small manufacturers, the challenges which they face, and the federal legislation and programs that affect them. Learn more by visiting smallmanufacturers.org.

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

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

 

Morehouse School of Medicine

The Morehouse School of Medicine.

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

About the Advanced Technology Development Center

The Advanced Technology Development Center (ATDC), a program of the Georgia Institute of Technology, is the state of Georgia’s technology startup incubator. Founded in 1980 by the Georgia General Assembly which funds it each year, ATDC’s mission is to work with entrepreneurs in Georgia to help them learn, launch, scale, and succeed in the creation of viable, disruptive technology companies. Since its founding, ATDC has grown to become one of the longest running and most successful university-affiliated incubators in the United States, with its graduate startup companies raising more than $3 billion in investment financing and generating more than $12 billion in revenue in the state of Georgia. To learn more, visit atdc.org.

 

About Morehouse School of Medicine

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

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

 

About the Office of Translational Technologies

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

Chris Downing, vice president and director of Georgia Tech’s Enterprise Innovation Institute, announces retirement

Chris Downing, vice president and director of Georgia Tech's Enterprise Innovation Institute. (Photo: Péralte C. Paul)

Chris Downing is vice president and director of the Enterprise Innovation Institute at Georgia Tech. (Photo: Péralte C. Paul)

Chris Downing, who has led the Georgia Institute of Technology’s economic development efforts as vice president and director of the Enterprise Innovation Institute (EI2), is retiring after 31 years of service.

 

Downing, who has led EI2 since 2016, leaves behind a decades-long legacy of leadership experience at Georgia Tech in technology-based economic development, university outreach and technical assistance, entrepreneurship and start-up support, and program management.

 

His retirement is effective June 1, 2019.

 

“I feel very fortunate for such a diverse and challenging career and to have shared so many good years with the Georgia Tech family, and I am very appreciative of the many faculty, staff, and students who have made my time at Georgia Tech so interesting and inspiring,” Downing said. “Although I am leaving my full-time duties, I look forward to staying connected to Georgia Tech and supporting its mission of progress and service.”

 

After leaving IBM where he was a mechanical facilities engineer, Downing joined Georgia Tech in 1988 as a senior research engineer with the Georgia Tech Research Institute.

 

In 1996, he joined EI2 — then called the Economic Development Institute (EDI) — as the Griffin regional office manager and provided industrial extension and economic development services to the south metro Atlanta region.

 

Two years later, he was named group manager of technology services for the Economic Development Institute, where he was charged with overall management of technology deployment and information technology services to more than 200 EDI staff and associates located both on campus and in 12 regional offices across the state. In addition, this group provided technical research services for EDI clients in industry, business, and community economic development organizations.

 

In 2005, he was tapped to lead EI2’s Industry Services group, which included several key outreach programs: the Georgia Manufacturing Extension Partnership (GaMEP), the Energy and Environmental Management Center, the Georgia Tech Procurement Assistance Center (GTPAC), the Southeast Trade Adjustment Assistance Center (SETAAC), and the Georgia Tech Regional Office Network.

 

Downing was named EI2’s associate vice president in 2013 and vice president in 2016.

 

In that time, he spearheaded the three-fold expansion of the Advanced Technology Development Center (ATDC) and created the Venture Center space that has helped to attract several Fortune 100 corporate innovation centers to Technology Square.

 

His technology-based economic development efforts helped Georgia Tech and the EI2 win the prestigious “2014 Innovation Award” from the Association of Public and Land-grant Universities, and the “2014 Outstanding Research Park Award” from the Association of Research Parks.

 

Most recently, Downing led the feasibility study for the expansion of Georgia Tech’s second research park, Technology Enterprise Park, into a broader life sciences and technology innovation district.

 

“Chris has been a tireless champion and supporter of our economic development initiatives, working to maintain strong partnerships across the state while creating new collaborations,” said Georgia Tech President G. P. “Bud” Peterson. “We appreciate his leadership role as Georgia Tech partners with the state to strengthen Georgia’s economy.”

 

Downing is a graduate of the University of Florida, where he earned his bachelor’s and master’s degrees in mechanical engineering.

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.

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 to offer Hacking for Defense course in 2019

Hacking for Defense trainee Colin Ake, left, a principal at Georgia Tech's VentureLab, poses a question to Hacking for Defense Inc. trainers Max Weintraub, center, and Alex Gallo. (Photo by: Péralte C. Paul)

Hacking for Defense trainee Colin Ake, left, a principal at Georgia Tech’s VentureLab, poses a question to Hacking for Defense Inc. trainers Max Weintraub, center, and Alex Gallo. (Photo by: Péralte C. Paul)

The Georgia Institute of Technology will begin offering a course in 2019 designed to give students opportunities to study — and potentially solve — challenges from the U.S. Department of Defense (DoD) and related intelligence agencies.

 

The semester-long Hacking for Defense (H4D) course was created and first launched at Stanford University in 2016 by retired U.S. Army Col. Pete Newell, retired Special Forces and Foreign Area Officer Joe Felter; Tom Byers, director of the Stanford Technology Ventures program; and Steve Blank, a retired serial entrepreneur and the creator of the Lean Startup movement.

 

At the Institute, the course will be taught by Keith McGreggor, director of VentureLab, a program in Georgia Tech’s Enterprise Innovation Institute that helps faculty and students create startups based on Tech research. Co-teaching the class with him will be Lawrence Rubin, associate professor in the Sam Nunn School of International Affairs at the Ivan Allen College of Liberal Arts.

 

As designed, students will be given a current real problem intelligence or defense agencies face and work on that challenge for the entire semester to validate the problem and work to solve it, Newell said.

 

“Technology is continually changing and by creating this mixing bowl in a university, you’re in an ideal place for bringing government problems to the problem-solvers and energizing young people into doing something that’s impactful,” said Newell, who is managing partner of BMNT.

 

BMNT’s nonprofit arm, Hacking for Defense Inc. (H4Di), oversees the H4D program.

 

H4D addresses four necessary components to help federal agencies be more innovative, said Newell, who is former director of the Army’s Rapid Equipping Force.

 

For the federal sponsors themselves, they get world-class market research to tackle problems at a faster pace than anywhere else and engage with potential employees or future collaborators by creating an innovation network pipeline.

 

Students get to work on a real challenge and learn by creating a case study of a real problem, he said.

 

For private industry, it gives them an early look at the problems government agencies are looking to solve — which often mirror some of the same issues business is trying to address.

 

Finally, universities such as Georgia Tech, are increasingly looking to deliver cutting-edge education to students that gives them experience in building innovative and disruptive solutions beyond basic research.

 

That matches the entrepreneurship experience that Tech wants all of its students to have, McGreggor said.

 

“We’re trying to create an armada of entrepreneurial students and we want every student at Georgia Tech to have that entrepreneurial experience before they graduate,” McGreggor said. “Hacking for Defense is going to be different in that participating students won’t be coming up with a startup idea; these defense and intelligence agencies will meet with us with the problems they want us to figure out. It’s an opportunity for our students to think about solving a different kind of problem.”

 

Keith McGreggor (right foreground), VentureLab director, listens as Michael Hoeschele, trains attendees of the Hacking for Defense forum on Sept. 20. (Photo by: Péralte C. Paul)

Keith McGreggor (right foreground), VentureLab director, listens as Michael Hoeschele, trains attendees of the Hacking for Defense forum on Sept. 20. (Photo by: Péralte C. Paul)

As part of the rollout and expansion of the program to Tech and other organizations, H4Di was on campus Sept. 20 and 21 to train about 60 people from across the country who will be teaching H4D courses on the methodology behind it.

 

“The defense and national security challenges we’re seeing are evolving at a pace we’ve never seen before in our history and to tackle these issues, we have to connect DoD to cultures of innovation and those are largely housed in academia and the venture community,” said Max Weintraub who works to form collaborative relationships between the DoD and universities as the H4D program manager at the MD5 National Security Technology Accelerator, the DoD program office that sponsors H4D at Georgia Tech and other leading universities. “We’re excited that Georgia Tech is on the list.”

 

Tech will join a number of top schools already teaching the class, that, in addition to Stanford, include: Columbia University, the University of Southern California, Georgetown University, the University of Virginia, and the United States Air Force Academy.

 

What makes Tech an attractive choice is Atlanta’s solid base of entrepreneurial activity, Georgia’s manufacturing and industrial capacity, the number of military installations and government labs in the state and its Southeast neighbors, and the federal research dollars the Institute attracts.

 

“It’s easy to draw a circle around Georgia Tech right there in the Southeast as being in the epicenter of a great entrepreneurial ecosystem,” Newell said.

 

Since the original launch, H4D has led to nine startup companies being formed, including Capella Space, a company that makes low-orbit satellites with a synthetic aperture radar technology that takes quality images regardless of clouds, light or other atmospheric conditions.

 

But while some students may ultimately form their own companies, Newell stressed that is not the core goal.

 

“We’re giving them the ability to engage with the government to work on a real problem to gain real-world experience,” Newell said. “They get to develop the critical problem-solving skillsets that will be most in demand in the future.”