*********************************
There is now a CONTENT FREEZE for Mercury while we switch to a new platform. It began on Friday, March 10 at 6pm and will end on Wednesday, March 15 at noon. No new content can be created during this time, but all material in the system as of the beginning of the freeze will be migrated to the new platform, including users and groups. Functionally the new site is identical to the old one. webteam@gatech.edu
*********************************
Atlanta, GA | Posted: May 22, 2012
John Toon
Research News & Publications Office
(404) 894-6986
Summary Sentence:
ATDC, Georgia Tech's business incubator, graduated eight companies at its 2012 showcase event.
Full Summary:
Buoyed by encouraging words from Georgia Tech officials, an economic development expert and Georgia’s State Senate majority leader, eight local startup companies graduated from the Advanced Technology Development Center (ATDC) on May 14. The graduation ceremonies were part of ATDC’s 2012 Startup Showcase, held at the Georgia Tech Hotel and Conference Center.
ATDC 2012 Graduates
ATDC 2012 Showcase - President Peterson
ATDC 2912 Showcase - Dennis HayesBuoyed by encouraging words from Georgia Tech officials, an economic development expert and Georgia’s State Senate majority leader, eight local startup companies graduated from the Advanced Technology Development Center (ATDC) on May 14. The graduation ceremonies were part of ATDC’s 2012 Startup Showcase, held at the Georgia Tech Hotel and Conference Center.
Part of Georgia Tech’s Enterprise Innovation Institute, ATDC is a startup accelerator that helps Georgia entrepreneurs launch and build successful technology companies. Each year, member companies that have met rigorous growth milestones are selected to graduate.
Calling ATDC “the flagship” of the institute’s economic development programs, Georgia Tech President G.P. “Bud” Peterson praised the level of support the center offers emerging firms. “Success is seldom a one-man enterprise,” he said. “These companies can now go on to be tremendously successful.”
Stephen Fleming, a Georgia Tech vice president and executive director of the Enterprise Innovation Institute, outlined ATDC’s history and noted the recent expansion of the entrepreneur-in-residence program, which gives member companies access to CEOs and others who have successfully created their own startup firms.
“We are making use of a lot of the resources from our community,” Fleming said.
Bill Cronin, vice president of economic development for Invest Atlanta, told the graduating firms they and other companies like them are a vital part of the city’s business culture. “Last year, the companies that were incubated at Georgia Tech directly represented $84 million annually to our local economy,” Cronin said.
“This is only a start, as these companies ripen and mature, they will make money and hopefully reinvest in their businesses and our economy,” Cronin added. “They will cross-pollinate and create new strains of technology, industry hybrids and innovative business ideas.”
State Senate Majority Leader Chip Rogers (R-Woodstock), a 1991 graduate of Georgia Tech, said the eight firms are “a microcosm of what America is all about: innovation, free markets and entrepreneurship.”
Nina Sawczuk, general manager of the ATDC, mentioned the two new community catalysts – Jennifer Bonnett and Chip Schooler – and detailed results of a new survey of ATDC member companies that indicated 98 percent of members would recommend the program to other startups.
The 2012 ATDC graduates included:
On the Floor
Graduation wasn’t the only component of the 2012 Startup Showcase. After the formal ceremony, event attendees moved to an exhibit hall featuring 45 ATDC member companies and Georgia Tech researchers displaying their products and technologies.
Steve Dickerson, founder and CEO of exhibitor SoftWear Automation, which produces technology that automates the sewing of garments, said his booth was experiencing a healthy amount of traffic.
He also had praise for ATDC, from which two of his other startup companies have graduated. “It’s the whole level of support [ATDC gives] you,” Dickerson said. “I’ve leaned on ATDC to come up with everything from ideas on investors to company names. I’m pretty darn pleased.”
A half dozen Georgia Tech researchers also showed the technologies they were developing:
About ATDC: The Advanced Technology Development Center (ATDC) serves as the hub for technology entrepreneurship in Georgia. Founded in 1980, ATDC helps Georgia entrepreneurs launch and build successful technology companies by providing coaching, connections, and community. Through business incubation and acceleration services, ATDC has supported the creation of hundreds of technology companies that together have raised more than a billion dollars in outside financing. Headquartered in Atlanta’s Technology Square, ATDC members benefit from a close proximity to Georgia Tech and connections with other Georgia research universities. ATDC was named one of the “10 technology incubators that are changing the world” by Forbes Magazine in 2010.
Enterprise Innovation Institute
Georgia Institute of Technology
75 Fifth Street, N.W., Suite 314
Atlanta, Georgia 30308 USA
Media Relations Contacts: John Toon (404-894-6986)(jtoon@gatech.edu) or Abby Robinson (404-385-3364)(abby@innovate.gatech.edu).
Writer: Stephen Ursery
