Thursday, March 21, 2019
TAG News
ATLANTA (March 21, 2019) — The Advanced Technology Development Center, Georgia’s technology incubator, announced five startups will be graduating from the program’s top-tier ATDC Signature portfolio at the 2019 ATDC Startup Showcase.
The companies will be honored April 18 in a special ceremony at the 2019 ATDC Startup Showcase, Georgia’s largest annual springtime technology event which will be held at the Georgia Tech Hotel and Conference Center.
The ATDC Class of 2019 are:
“ATDC has been a core contributor to Pointivo’s success,” said Dan Ciprari, Pointivo’s co-founder and CEO. “I met Habib, my co-founder, while I was serving as an Entrepreneur-in-Residence (EIR). We spent our first three years at ATDC, we received more than $1.6 million in NFS grant funding with the help of ATDC, and our first investor came from relationships formed through ATDC.”
ATDC Signature portfolio companies are those deemed most ready for long-term growth and success. ATDC Signature is a rigorous, metrics-driven, and milestones-based program for companies with transformative products.
To graduate from ATDC Signature, the five companies had to meet several milestones: annualized revenue of at least $1 million, an identified scalable business model, and the ability to finance growth.
“We are proud of the ATDC Class of 2019,” said Frank Tighe, ATDC’s lead entrepreneur-in-residence. “They are continuing the state of Georgia’s track record of being a leader in creating high-growth technology companies and high-value jobs.”
Showcase, which draws more than 800 attendees each year, celebrates ATDC’s 39-year legacy of helping entrepreneurs learn, launch, scale, and succeed in creating successful Georgia technology startups. With the addition of these five companies, ATDC has graduated more than 180 technology firms from its globally recognized startup program.
About the Advanced Technology Development Center:
The Advanced Technology Development Center (ATDC), a program of the Georgia Institute of Technology, is the state of Georgia’s technology startup incubator. Founded in 1980 by the Georgia General Assembly which funds it each year, ATDC’s mission is to work with entrepreneurs in Georgia to help them learn, launch, scale, and succeed in the creation of viable, disruptive technology companies. Since its founding, ATDC has grown to become one of the longest running and most successful university-affiliated incubators in the United States, with its graduate startup companies raising $3 billion in investment financing and generating more than $12 billion in revenue in the state of Georgia. To learn more, visit atdc.org.