The Advanced Technology Development Center (ATDC) is a science and

business incubator Business incubator is an organization that helps startup companies and individual entrepreneurs to develop their businesses by providing a fullscale range of services starting with management training and office space and ending with venture c ...

Georgia Georgia most commonly refers to: * Georgia (country), a country in the Caucasus region of Eurasia * Georgia (U.S. state), a state in the Southeast United States Georgia may also refer to: Places Historical states and entities * Related to t ...

, United States. It is part of the Enterprise Innovation Institute (EI2) at the

Georgia Institute of Technology The Georgia Institute of Technology, commonly referred to as Georgia Tech or, in the state of Georgia, as Tech or The Institute, is a public research university and institute of technology in Atlanta, Georgia. Established in 1885, it is part of ...

, and is headquartered in Technology Square, Atlanta.

History

ATDC was formed in 1980 to stimulate growth in Georgia's technology business base, and admitted its first member company in 1981. It now has locations in

Atlanta Atlanta ( ) is the capital and most populous city of the U.S. state of Georgia. It is the seat of Fulton County, the most populous county in Georgia, but its territory falls in both Fulton and DeKalb counties. With a population of 498,71 ...

, Alpharetta, Athens, Augusta, Forsyth County, Peachtree Corners, and

Savannah A savanna or savannah is a mixed woodland-grassland (i.e. grassy woodland) ecosystem characterised by the trees being sufficiently widely spaced so that the canopy does not close. The open canopy allows sufficient light to reach the ground to ...

. In 2011, ATDC expanded its mission by merging with Georgia Tech's VentureLab and with the Georgia SBIR Assistance Program. 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. More than 160 companies have been started at the Center, including firms such as MindSpring (now part of

EarthLink EarthLink is an American Internet service provider. It went public on NASDAQ in January 1997. Much of the company's growth was via acquisition; by 2000, ''The New York Times'' described Earthlink as the "second largest Internet service provider ...

), PartPic, GreenLight, Monotto, Fixd, and TransNexus. Sponsored companies have created over 51,000 man-years of employment, generated over $12.7 billion revenue, generated over $100 million in profit to Georgia, and raised over $1 billion in

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to start-up company, startups, early-stage, and emerging companies that have been deemed to have high growth poten ...

since 1999. ATDC has been recognized by Inc. Magazine and

Business Week ''Bloomberg Businessweek'', previously known as ''BusinessWeek'', is an American weekly business magazine published fifty times a year. Since 2009, the magazine is owned by New York City-based Bloomberg L.P. The magazine debuted in New York City ...

as one of the nation's top incubators, and has won several other awards.

References

External links

* Georgia Tech Organizations established in 1980 Science parks in the United States Business incubators of the United States 1980 establishments in Georgia (U.S. state) {{GeorgiaUS-university-stub