Through our research and partnership with business and industry, Georgia Tech is an economic engine for Georgia and the Southeast, with an annual impact of more than $2 billion.
In 2008, Georgia Tech programs for existing industries assisted Georgia companies, saving or creating 20,000 jobs.
Georgia Tech's resources are a powerful selling tool in helping us attract new business and industry to the state.
Georgia Tech is a leader in innovation. This past year Georgia Tech was second in the State of Georgia behind only AT&T Intellectual Property for issued US patents.
Georgia Tech will continue to continue to develop and strengthen partnerships and programs that support and drive high-end economic development in Atlanta and Georgia.
Tech provides a wide range of services to make Georgia’s small and medium-sized businesses more innovative and efficient, including economic development services for Georgia communities.
More than 48,000 Georgia Tech alumni live and work in the State of Georgia, contributing to the economy.
Innovation and technology are widely predicted to be the drivers of a diverse and thriving 21st century economy. Georgia Tech’s commitment to cutting-edge research, cultivating dynamic new businesses and providing the intellectual capital required to meet these challenges, continues to ensure that it will be a force for prosperity in metro Atlanta, our nation and the world.
Georgia Tech is a powerful force in shaping the economic future of our state and the Southeast. The Institute is cultivating the infrastructure of a new economy and technologies that will revolutionize every aspect of our lives.
Our reputation for vision, knowledge and ambition, while assisting in the difficult economic times, will prove even more important as the economy continues to grow, providing momentum to the recovery.
Examples of Impact
Georgia Tech research labs produce more than 300 invention disclosures annually.
The 2009 Universities Patent Scorecard ranked Georgia Tech eighth in a ranking of 124 of the top universities according to the strength of their patent portfolios.
Tech spins off an average of ten new companies a year.
Evaluated 149 Georgia Tech innovations and formed 20 new companies based on this intellectual property. Startups based on Georgia Tech intellectual property attracted nearly $111 million in investment.
Helped manufacturing companies reduce operating costs by $67 million, increase sales by $143 million, and create or save 1,150 jobs.
Assisted 44 startup technology companies through the Advanced Technology Development Center (ATDC). ATDC companies attracted $151 million in capital activity (venture capital investment and mergers/acquisitions).
Helped Georgia companies win $664 million in government contracts, creating an estimated 13,679 jobs.
