Posted April 17, 2008 Atlanta
Research News & Publications Office
Contact John Toon
VentureLab Will Also Recognize Georgia Tech Startups
On May 15, Georgia Tech's Advanced Technology Development Center (ATDC) will host one of the premier technology events of the Southeast, its Annual Entrepreneurs Showcase. Building on the launch of its highly successful blog, PeachSeedz, this year's event theme is 'Seeds for Success.' The event is expected to attract 500 entrepreneurs, investors and business leaders from across the Southeast.
"Being part of ATDC increases the probability of startup success," said Charles Ross, acting general manager of ATDC. "We are extremely proud of this year's graduating companies and what they've achieved. This group is very representative of the success our member companies have enjoyed and the quality entrepreneurs and teams that our center continues to attract and assist."
Six companies will graduate from ATDC's incubator program this year. The 2008 graduating companies are:
- Emcien, a demand-driven product management solution that determines an optimized product mix by recommending the fastest-moving, highest margin product configurations based on customer buying patterns;
- LCGI, a developer of Web applications that allow data collection via the Web, telephony and mobile devices;
- Neurotic Media, the leading media distribution platform and retail store solution for online and mobile content downloads through private-labeled stores;
- Oversight, a business that detects corporate fraud, misuse and errors through continuous monitoring of financial transactions;
- Terratial Technologies, a company focused on actualizing the potential of the mobile phone experience; and
- Vendormate, a provider of business-credentialing and compliance-monitoring solutions that help companies better manage the composition and risk of their supplier base.
"Being part of the ATDC has been an invaluable experience for me and our company," said Andy Monin, CEO of Vendormate. "Any entrepreneur looking for an advantage in launching their technology startup should take a long look at what ATDC has to offer."
In addition to the ATDC companies, Georgia Tech VentureLab - which helps form startup companies from Georgia Tech intellectual property -- will graduate the following companies from its program. Three of them - Pramana, Qualtr and Suniva - have already been accepted as member companies of the ATDC.
- Pramana, which is developing an easy-to-deploy solution to help secure the Internet for meaningful human scale interactions;
- Qualtr, a developer of the next generation of high-performance, low-cost motion sensing technology, primarily for the consumer electronics market;
- Suniva, a company dedicated to the development, manufacture and marketing of high-value, high-efficiency silicon photovoltaic cells for clean, earth-friendly power generation;
- Verco Materials, which creates and manufactures dense, complex-shaped boron carbide for armor and wear applications; and
- Zenda Technologies, a company that delivers a novel, portable, immersive platform for rapid neuropsychological testing, allowing accurate diagnosis of concussion and early Alzheimer's disease.
"The five companies graduating from VentureLab this year demonstrate the breadth of technology being developed at Georgia Tech," said Stephen Fleming, Georgia Tech's chief commercialization officer. "From photovoltaic cells and body armor to neurological testing, Internet security and motion sensing, we have a lot to offer the technology community in Georgia."
To join a vibrant mix of entrepreneurs, investors, and technology leaders at the Entrepreneurs Showcase, please RVSP at www.atdc.org/showcase.
About the ATDC: The Advanced Technology Development Center is a nationally-recognized science and technology incubator that helps Georgia entrepreneurs launch and build successful companies. ATDC provides strategic business advice and connects its member companies to the people and resources they need to succeed.
More than 110 companies have emerged from the ATDC, including publicly-traded firms such as MindSpring Enterprises - now part of EarthLink. Headquartered at Technology Square on the Georgia Tech campus in Atlanta, ATDC has been recognized by both BusinessWeek and Inc. magazines as among the nation's top nonprofit incubators. Since 1999, ATDC companies have attracted more than a billion dollars in venture capital funding.
ATDC was formed in 1980 to stimulate growth in Georgia's technology business base and now has locations in Atlanta, Savannah and Warner Robins. ATDC is part of Georgia Tech's Enterprise Innovation Institute. For more information, please visit (www.atdc.org).
About Georgia Tech VentureLab: Georgia Tech VentureLab provides comprehensive assistance to Georgia Tech faculty members, research staff members and graduate students who want to form startup companies to commercialize the technology innovations they have developed.
As a one-stop center for technology commercialization, VentureLab provides a clear pathway from laboratory innovation to the commercial market. VentureLab specialists help transform innovations into early-stage companies by assisting in business plan development, connecting the innovators with experienced entrepreneurs, locating sources of early-stage financing, and preparing the new companies for the business world. Graduates of the VentureLab program may apply for admission to the Advanced Technology Development Center (ATDC), also a unit of the Enterprise Innovation Institute. For more information, please visit (www.innovate.gatech.edu/venturelab).
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