Welcome to Atlanta and Georgia Tech Dr. G. Wayne Clough President, Georgia Institute of Technology Association of University Research Parks October 26,

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Presentation transcript:

Welcome to Atlanta and Georgia Tech Dr. G. Wayne Clough President, Georgia Institute of Technology Association of University Research Parks October 26, 2006

Georgia Tech: Recognized for excellence Among top 10 public universities in the United States Among top 5 engineering schools in the United States Nationally ranked for computing, architecture, management, and selected science and liberal arts programs.

At the leading edge No. 2 in the nation in engineering R&D 19 National Centers of Excellence, including 3 nanomedicine centers Leader in MEMS and micro-electronics National leader in graduating minority and women engineers Identifying and attacking individual cancer cells.

Interdisciplinary research thrusts Energy Nano- medicine Electronic health systems Systems biology

High performance computing Interdisciplinary research thrusts Disasters, water Robotics Music technology

Georgia Tech ’ s economic impact $4 billion annual impact on the state of Georgia Top 10 university in patents awarded : created 76 new companies Recognized for commercializing biotechnology No. 4 in start-up companies No. 8 in patents filed No. 11 in technology transfer Milken Institute CardioMEMS

Brings Georgia Tech’s new and established programs together in an integrated initiative to help entrepreneurs, industries, and communities become more innovative and competitive Commercialization Services: Venture Lab Entrepreneur Services: ATDC Industry Services Community Policy and Research Services

VentureLab: from lab to market Assesses commercial potential of discoveries, technologies in Tech research labs Develops commercialization plans Matches faculty with “ Fellows ” who are experienced entrepreneurs Provides seed funding for prototype or proof-of-concept Since 2001: Assessed 300 technologies; 11 start-up companies have emerged

Beginning at the beginning “ Grow our own ” approach: Advanced Technology Development Center established in 1980 Nation ’ s first university-based incubator Widely regarded as one of the nation ’ s best Wide range of companies: ElectronicsManufacturingNew media Computing/ITEnvironmental techInternet apps Optical technologyEngineeringSoftware Technical servicesTelecommunicationsBiotechnology

ATDC today 37 present companies; over 100 companies have “ graduated ” Member and graduate companies employ over 5,500; annual revenues of more than $1.7 billion Over $1 billion in capital activity in the past 5 years 75% of graduates from the past decade are still in business or were acquired by other companies that are still in business

Technology Square France Columbus Georgia Tech Savannah Ford ES&T Em Tech Bio

Other contributors to the process Technology Partnerships Technology Partnerships: Facilitates Georgia Tech partnerships focused on IP and R&D around common technology needs. Can be with other universities, government labs, private industry. Georgia Tech Innovation Fund Georgia Tech Innovation Fund: allows Georgia Tech to take a position in its start-up companies, provide seed funding

Last step: Technology Enterprise Park