Georgia Tech Procurement Assistance Center

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Karen Fite to lead Enterprise Innovation Institute as Interim Vice President

July 11, 2019 By Nancy Cleveland

The Georgia Institute of Technology has named Karen Fite interim vice president of its economic development unit, the Enterprise Innovation Institute (EI2).

Fite, who is EI²’s associate vice president, will lead the 12-program organization while Georgia Tech conducts a national search for a permanent vice president to succeed Chris Downing, who retired in June after 31 years of service.

EI2 is the nation’s largest and most comprehensive university-based program of business and industry assistance, technology commercialization, and economic development.

Fite, who also is director of EI2’s Business & Industry Services group of programs, has more than 26 years of economic development experience at Tech.

Continue reading at:  Georgia Tech News Center

Filed Under: Georgia Tech News Tagged With: economic development, EI2, Georgia Tech

Chris Downing, vice president and director of Enterprise Innovation Institute, announces retirement

April 15, 2019 By Nancy Cleveland

Chris Downing, VP of EI2

Chris Downing, who has led the Georgia Institute of Technology’s economic development efforts as vice president and director of the Enterprise Innovation Institute (EI2), is retiring after 31 years of service.

Downing, who has led EI2 since 2016, leaves behind a decades-long legacy of leadership experience at Georgia Tech in technology-based economic development, university outreach and technical assistance, entrepreneurship and start-up support, and program management.

His retirement is effective June 1, 2019.

“I feel very fortunate for such a diverse and challenging career and to have shared so many good years with the Georgia Tech family, and I am very appreciative of the many faculty, staff, and students who have made my time at Georgia Tech so interesting and inspiring,” Downing said. “Although I am leaving my full-time duties, I look forward to staying connected to Georgia Tech and supporting its mission of progress and service.”

After leaving IBM where he was a mechanical facilities engineer, Downing joined Georgia Tech in 1988 as a senior research engineer with the Georgia Tech Research Institute.

In 1996, he joined EI2 — then called the Economic Development Institute (EDI) — as the Griffin regional office manager and provided industrial extension and economic development services to the south metro Atlanta region.

Two years later, he was named group manager of technology services for the Economic Development Institute, where he was charged with overall management of technology deployment and information technology services to more than 200 EDI staff and associates located both on campus and in 12 regional offices across the state. In addition, this group provided technical research services for EDI clients in industry, business, and community economic development organizations.

In 2005, he was tapped to lead EI2’s Industry Services group, which included several key outreach programs: the Georgia Manufacturing Extension Partnership (GaMEP), the Energy and Environmental Management Center, the Georgia Tech Procurement Assistance Center (GTPAC), the Southeast Trade Adjustment Assistance Center (SETAAC), and the Georgia Tech Regional Office Network.

Downing was named EI2’s associate vice president in 2013 and vice president in 2016.

In that time, he spearheaded the three-fold expansion of the Advanced Technology Development Center (ATDC) and created the Venture Center space that has helped to attract several Fortune 100 corporate innovation centers to Technology Square.

His technology-based economic development efforts helped Georgia Tech and the EI2 win the prestigious “2014 Innovation Award” from the Association of Public and Land-grant Universities, and the “2014 Outstanding Research Park Award” from the Association of Research Parks.

Most recently, Downing led the feasibility study for the expansion of Georgia Tech’s second research park, Technology Enterprise Park, into a broader life sciences and technology innovation district.

“Chris has been a tireless champion and supporter of our economic development initiatives, working to maintain strong partnerships across the state while creating new collaborations,” said Georgia Tech President G. P. “Bud” Peterson. “We appreciate his leadership role as Georgia Tech partners with the state to strengthen Georgia’s economy.”

Downing is a graduate of the University of Florida, where he earned his bachelor’s and master’s degrees in mechanical engineering.

Filed Under: Georgia Tech News Tagged With: ATDC, economic development, EI2, GaMEP, Georgia Tech, GTPAC, SETAAC, Tech Square, Venture Lab

GTPAC enters 33rd year of continuous service to Georgia businesses

January 31, 2019 By Nancy Cleveland

On Feb. 1, 2019, the Georgia Tech Procurement Assistance Center (GTPAC) enters its 33rd year of continuous operation, providing assistance to Georgia’s business community in the pursuit of government contracts.

Specifically, GTPAC helps businesses identify, compete for, and win contracts at all levels of government – federal, state, and local.

GTPAC is one of about a dozen programs – known as Procurement Technical Assistance Centers (PTACs) – that were established shortly after Congress launched the initiative in 1985.  Today, there are 95 PTACs across the nation that serve all 50 states, the District of Columbia, Guam, and Puerto Rico.

GTPAC’s continued operation is made possible through funds provided by the Defense Logistics Agency (DLA) along with state funding made available through Georgia Tech’s Enterprise Innovation Institute (EI2).

On Jan. 24, 2019, GTPAC received a fully executed award document from the DLA ensuring that funding would be made available to Georgia Tech for another year of PTAC operations in the state of Georgia.

“We are grateful for the confidence DLA places in us to carry out this program in Georgia,” says Program Manager Andrew Smith, “and we are very thankful for the support that Georgia Tech provides to the program.”

The Georgia Tech Procurement Assistance Center (GTPAC) regularly hosts events that bring together government buyers with Georgia-based businesses. On Jan. 14th of this year, GTPAC hosted a Defense Innovation Conference attended by 220 businesses, Defense Department officials, and major prime contractors.

GTPAC is widely recognized as a PTAC with one of the strongest track records in the nation.  Over the last decade, GTPAC helped Georgia businesses win between $500 million and $1 billion in government contracts, annually.

While tabulations for calendar year 2018 are not yet complete, preliminary reports show that GTPAC’s clients won at least 3,400 government prime contracts and subcontracts worth more than $1 billion.

GTPAC counseled, instructed, and identified bid opportunities for 2,300 businesses across the State of Georgia last year. GTPAC also conducted 150 training workshops and participated in 31 events statewide where more than 3,000 business people received instruction on how to effectively compete for government contracts.

GTPAC maintains staff in Albany, Atlanta, Gainesville, Carrollton, Savannah, and Warner Robins.  Training is also conducted in Athens and Columbus as well as via on-line webinars.  All businesses in Georgia are eligible to receive GTPAC’s services at no cost. The program provides Georgia businesses with counseling, training, and a complete set of electronic tools to research and identify government contracting opportunities.

For contact information, and to register for any GTPAC workshop statewide, visit the program’s website at www.gtpac.org.

Filed Under: GTPAC News Tagged With: APTAC, DLA, EI2, Georgia Tech, government contract assistance, GTPAC, procurement technical assistance center, PTAC

Georgia Tech names new leadership for ATDC

November 6, 2018 By Nancy Cleveland

John Avery is the new director of Georgia Tech’s Advanced Technology Development Center (ATDC).

The Georgia Institute of Technology has named John Avery as its next director of the Advanced Technology Development Center (ATDC).

Avery, a serial entrepreneur who was involved in four startups, assumes his position Nov. 6. Most recently, he was engineering group manager of Panasonic Automotive Systems’ Panasonic Innovation Center at the Georgia Tech campus.

A unit of the Enterprise Innovation Institute (EI2), Georgia Tech’s outreach and economic development arm, ATDC works with more than 800 technology startup entrepreneurs each year across Georgia. Founded in 1981, ATDC has become one of the most successful, longest-running, and largest university-based startup incubators in the country.

The announcement follows a comprehensive, four-month national search for a new leader at ATDC following the departure of Jen Bonnett, who left in June 2018 to become the Savannah Economic Development Authority’s vice president of innovation and entrepreneurship.

In taking the permanent appointment, Avery will lead a team of 26 full- and part-time staff and advisors who run ATDC’s various initiatives, including its financial, health, and retail technology verticals, support statewide activities such as the ATDC @ program, and coach technology entrepreneurs in Georgia.

Avery will report to Chris Downing, EI2 vice president and director.

“John is an outstanding leader and successful entrepreneur who understands the startup journey and commercialization process, with vast relationships in the startup and business communities,” Downing said. “We’re pleased to welcome him to EI2and see him bring ATDC, one of the nation’s premiere technology incubators, to even greater success in its mission of helping entrepreneurs build great companies here in Georgia.”

At Panasonic, Avery oversaw the innovation center’s development projects in next-generation automotive systems including, infotainment, bio-sensing, machine vision, deep learning, and heads-up displays.

A tech startup veteran with broad experience in data and wireless voice technologies, Avery was co-founder and chief technology officer of Convergence Corp., a maker of software that connects wireless devices to the Internet. Amazon acquired the company in 1999. Following that acquisition, he joined Amazon as engineering manager.

In 2001, Avery became an early employee of Mobliss, a mobile applications and messaging solutions company in the entertainment space. He later became the company’s chief technology officer. Japan’s Index Corp., a developer of mobile phone content and information and other media services such as video on demand,acquired Mobliss in 2004 for $15 million.

He holds six patents and owns Onboard Now, a developer of software for embedded devices such as smart phones, Web-enabled cameras, and industrial controls.

Avery, who sits on the board of the Midtown Alliance, is a familiar presence at ATDC, having served as a mentor to its startups since July of 2018.

“I am deeply honored to join ATDC and lead this amazing team,” Avery said. “ATDC’s work has resulted in the creation of great, disruptive Georgia companies in health, financial services, hardware, and numerous other sectors. I look forward to continuing ATDC’s momentum of success and legacy of impact.”

He holds a bachelor’s degree in engineering from Georgia Tech.

About Georgia Tech’s Enterprise Innovation Institute (EI2)

Comprised of a dozen programs, including the Advanced Technology Development Center, Georgia Tech’s Enterprise Innovation Institute is the nation’s largest and most comprehensive university-based program of business and industry assistance, technology commercialization, and economic development. Through its philosophy of innovation-led economic development, EI2serves all of Georgia through a variety of services and programs designed to create, accelerate, and growGeorgia’s tech-based economy. For more information, please visit, innovate.gatech.edu.

About the Advanced Technology Development Center (ATDC)

The Advanced Technology Development Center (ATDC), a program of Georgia Tech’s Enterprise Innovation Institute, 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 more than $3 billion in investment financing and generating more than $12 billion in revenue in the state of Georgia. To learn more, visit atdc.org.

Source: https://www.bizjournals.com/atlanta/news/2018/11/05/georgia-tech-names-new-director-for-advanced.html 

Filed Under: Georgia Tech News Tagged With: ATDC, economic development, EI2, Georgia Tech, innovation, outreach, start-up

GTPAC’s cybersecurity initiative recognized with national ‘Outstanding Project Award’

March 9, 2018 By Nancy Cleveland

GTPAC received the Outstanding Project Award at APTAC’s annual training conference on Mar. 7, 2018.

The Georgia Tech Procurement Assistance Center (GTPAC) was honored this week by the Association of Procurement Assistance Centers (APTAC), the organization which represents 98 procurement technical assistance centers (PTACs) across the United States, Guam and Puerto Rico.

GTPAC was presented with APTAC’s Outstanding Project Award which annually recognizes an accomplishment that stands out from the day-to-day activities that all PTACs organize and undertake.

The project recognized by APTAC is GTPAC’s instructional video that provides step-by-step guidance to government contractors on how they can achieve compliance with Department of Defense (DoD) cybersecurity requirements  designed to safeguard DoD information and report on cyber incidents.

GTPAC’s video and accompanying resources – including a template which contractors may use – are made available free of charge on the GTPAC web site at: http://gtpac.org/cybersecurity-training-video.

The video and template have been heralded both by PTACs, who counsel businesses, and by businesses themselves as valuable one-stop resources for existing contractors and aspiring DoD contractors alike.  Since the launch of these training tools at the end of last year, 1,284 persons have viewed the video and downloaded the template 1,508 times.

Specifically, the video explains Defense Federal Acquisition Regulation Supplement (DFARS) clause 252.204-7012, including its key definitions and cyber obligations, including its primary requirement that defense contractors which process, store or transmit “covered defense information” must address 110 individual cybersecurity controls outlined in National Institute of Standards and Technology (NIST) Special Publication 800-171.

The 20-minute video not only provides information on these requirements, but also provides specific guidance on how government contractors can achieve compliance with the DFARS clause and the NIST standards.  The video guides government contractors on how they can perform a “self-assessment” of their information system using NIST’s Manufacturing Extension Partnership (MEP) Cybersecurity Self-Assessment Handbook.

One of the most creative and innovative aspects of the project is the 127-page cybersecurity template GTPAC created in conjunction with the video.  The template provides step-by-step instructions on how government contractors can create a “Systems Security Plan” and “Plan of Action” – documentation necessary to achieve compliance.

The resources GTPAC created are very timely in light of recent warnings from DoD that it plans to request and evaluate cyber plans from businesses as a part of the contract award decision-making process.   If the video is carefully reviewed and the template is fully completed and properly filled out, contractors will be in a position to document their compliance with the DFARS cybersecurity requirements.

Members of the GTPAC team proudly show off the national award they received.

GTPAC program manager Joe Beaulieu points out that “by providing the video and cybersecurity template, GTPAC’s objective is to make the process of achieving compliance much easier, especially for small defense contractors who may not have the resources necessary to develop such plans from scratch.”  Indeed, the template makes the process of drafting the required documentation easier, as contractors merely have to fill in the blanks and answer specific questions, rather than work from a blank slate.  While it is ultimately up to the contractor to meet the requirements and to provide accurate information, GTPAC’s video and template provide contractors with an excellent starting point for assessing, achieving and documenting compliance.

In honoring GTPAC with the Outstanding Project Award, APTAC encouraged other PTACs to make use of the video, template, and resource materials posted at http://gtpac.org/cybersecurity-training-video.  NIST recently provided similar encouragement to their nationwide network of MEPs in their work with U.S. manufacturers.  GTPAC coordinated the creation of the cybersecurity materials with the Georgia MEP (GaMEP) which, like GTPAC, is a part of the Georgia Institute of Technology’s Enterprise Innovation Institute (EI2).

EI2 is Georgia Tech’s business outreach organization which serves as the primary vehicle to achieve Georgia Tech’s goal of expanded local, regional, and global outreach.  EI2 is the nation’s largest and most comprehensive university-based program of business and industry assistance, technology commercialization, and economic development.

GTPAC is a state-wide program operated by EI2 under a cooperative agreement with the Defense Logistics Agency (DLA).   In 2017, Georgia businesses won more than 5,000 government contracts – worth more than $1 billion – with GTPAC’s help.  All totalled, GTPAC provided counseling, instruction, and bid opportunities to 2,548 Georgia businesses during the past year.

Filed Under: GTPAC News Tagged With: acquisition training, cyber, cybersecurity, DFARS, DoD, EI2, Enterprise Innovation Institute, GaMEP, Georgia Tech, government contract training, GTPAC, MEP, NIST, training

Focus of Feb. 20th Georgia Innovation Summit is emerging technology

February 9, 2018 By Nancy Cleveland

How will emerging technologies affect small businesses and what that sector will be like in the future?

That core question is the theme of the 2018 Georgia Innovation Summit, scheduled for Feb. 20 at the Georgia Tech Research Institute Conference Center in Atlanta. (Register at this link: http://workforce.georgia.org/event/3rd-annual-innovation-summit/)

Now in its third year, the Georgia Innovation Summit is an annual gathering of the state’s top business, education, and government leaders who meet in a series of panel discussions to discuss emerging trends and innovations that will affect businesses of all sizes across Georgia.

The Georgia Mentor Protégé Connection — in partnership with the Georgia Department of Economic Development, the Georgia Centers of Innovation, and Georgia Tech’s Enterprise Innovation Institute (EI2) — is presenting this year’s summit.

Keynote speakers include Jen Bonnett, general manager of Georgia Tech’s Advanced Technology Development Center (ATDC), and David Justice, the Georgia Centers of Innovation’s executive director.

“Emerging technologies are rapidly shaping and changing not only the types of businesses that are being created, but also how business itself is being done,” said EI2 vice president Chris Downing.

“The topics and themes we’ll be exploring this year reflect that understanding and will help attendees better understand how they can incorporate and use emerging technologies to drive business forward.”

Among the topics is financial technology (FinTech), an important sector in Georgia’s economy. Jeff Gapusan, ATDC’s FinTech catalyst, will moderate a panel discussion titled “FinTech’s Impact on Your Business.”

The industry is big in Georgia with 70 percent of the $5.3 trillion in annual U.S. card spending being processed through companies in Georgia. “FinTech isn’t static,” Downing said. “There’s constant disruption in this sector which is affecting everything from traditional banking to retail. This panel features the thought leaders in this space who are driving that innovation.”

Other panel topics include the Internet of Things (IoT), dealing with cybersecurity, and connecting businesses with the resources they need to navigate the ever-changing business climate.

Filed Under: Georgia Tech News Tagged With: ATDC, cybersecurity, economic development, EI2, FinTech, Georgia Innovation Summit, Georgia Mentor Protégé Connection, Georgia Tech, GTRI, innovation, IoT

Cybersecurity training video and template released

December 30, 2017 By Nancy Cleveland

The Georgia Tech Procurement Assistance Center (GTPAC) has produced a 20-minute instructional video designed to assist contractors comply with Defense Department (DoD) cybersecurity requirements.

Click image above to view video and access resource documents.

Accompanying the video is a 127-page template that can be used by contractors to create a Security Assessment Report, a System Security Plan, and a Plan of Action.

The video and template, along with related resources, can be found at: http://gtpac.org/cybersecurity-training-video.

Background

The Defense Federal Acquisition Regulation Supplement (DFARS) prescribes that DFARS clause 252.204-7012 (“Safeguarding Covered Defense Information and Cyber Incident Reporting”)  be inserted in many DoD contracts.

In general, the clause requires that contractors provide adequate security on all applicable contractor information systems – and investigate and report on any compromises of such systems.  The DFARS clause also requires contractors to:

  • isolate malicious software,
  • preserve and protect all media involved in a cyber incident,
  • provide DoD with access to information or equipment for purposes of forensic analysis,
  • assess damage as a result of a cyber incident, and
  • “flow down” the clause in any subcontracts involving information covered by the requirements.
Click on the graphic above to see the government’s complete list of Controlled Unclassified Information (CUI) covered by the regulation.
Impact

If you are a DoD contractor, it is very likely that your contract incorporates DFARS clause 252.204-7012.  The clause is required in all solicitations and contracts, including solicitations and contracts issued under Federal Acquisition Regulation (FAR) Part 12 procedures for the acquisition of commercial items.  (Note: The clause is not required for solicitations and contracts solely for the acquisition of Commercial Off the Shelf – or COTS – items.)

To provide adequate security, DoD contractors covered by the DFARS clause are expected, at a minimum and effective immediately, to implement the standards set forth in National Institute of Standards and Technology (NIST) Special Publication 800-171 (Revision 1).

In general terms, to meet the government’s cybersecurity standards, contractors must assess their information systems, develop a security plan, and create an action plan.  GTPAC’s template – available for download as a Word document on the same webpage where the video appears – provides a step-by-step process by which each of these tasks can be completed and documentation can be compiled.

Information and Assistance

The video and template were funded through a cooperative agreement with the Defense Logistics Agency, and created with the support of the Georgia Institute of Technology.  The content of the video presentation does not necessarily reflect the official views of or imply endorsement by the U.S. Department of Defense, the Defense Logistics Agency, or Georgia Tech.

For further assistance with complying with DoD’s contractual cybersecurity requirements, please feel free to contact a GTPAC Procurement Counselor.  A list of Counselors, their locations, and contact information can be found at: http://gtpac.org/team-directory.

Companies located outside the state of Georgia may contact their nearest Procurement Technical Assistance Center (PTAC) for assistance with government contracting matters.  PTACs are located in all 50 states, the District of Columbia, Guam, and Puerto Rico.  Find a directory of PTACs at: http://www.aptac-us.org/find-a-ptac.

GTPAC is a part of the Enterprise Innovation Institute (EI2), Georgia Tech’s business outreach organization which serves as the primary vehicle to achieve Georgia Tech’s goal of expanded local, regional, and global outreach.  EI2 is the nation’s largest and most comprehensive university-based program of business and industry assistance, technology commercialization, and economic development.

 

 

 

Filed Under: GTPAC News Tagged With: cyber, cyber incident, cyberattack, cybersecurity, cyberthreat, DFARS, DLA, DoD, EI2, GaMEP, Georgia Tech, GTPAC, MEP, NIST, PTAC

Georgia Manufacturing Extension Partnership launches outreach initiative for food processing manufacturers

August 31, 2017 By Nancy Cleveland

Georgia is a one of the nation’s leading agriculture states, with the industry contributing about $74.9 billion to the state economy each year.

Damon Nix (left), senior project manager at the Georgia Manufacturing Extension Partnership, discusses ergonomic solutions for lifting bags of malt with Bobby Epperson, operations training and safety manager at Terrapin Brewery in Athens, Georgia. (Photo credit: Caley Landau)

A related sector — food processing — is a strong and growing component of the Georgia economy, and accounts for $11 billion to $12 billion each year of the state’s gross domestic product. Food processing also employs 69,000 across the state, with 10,000 of those jobs being created since 2010, according to Georgia Power’s 2016 Food Processing Industry Report.

It’s that strength in food processing, which comprises the largest segment of Georgia’s manufacturing sector, that led to the Georgia Manufacturing Extension Partnership’s (GaMEP) new initiative focused on those manufacturers’ unique needs.

GaMEP, a federally funded economic development program at the Georgia Institute of Technology’s Enterprise Innovation Institute, works with manufacturers across Georgia to help them remain viable and economically competitive.

“Food processing comprises many different products and sizes of manufacturers and it is important to assure their viability and growth,” said GaMEP Director Karen Fite. “This effort is in recognition of where the growth is occurring in the manufacturing sector and we want to make sure we’re applying our resources and expertise, as well as cutting edge research coming out of Georgia Tech, that can help our manufacturers.”

Damon C. Nix, GaMEP’s senior project manager, is leading the food manufacturing programming, which includes coaching, analysis, and consulting in:

  • Food Safety
    • Compliance with the Food and Drug Administration’s (FDA) new Food Safety Modernization Act (FSMA) requirements.
    • Management system implementation and audit team support.
  • Energy Management
    • Energy assessments to identify cost reduction and performance improvement opportunities.
    • Companies with fewer than 500 employees at a plant site may qualify for a free energy assessment through Georgia Tech’s Industrial Assessment Center program.
  • Environmental Services
    • Environmental compliance services and management system (ISO 14001) support.
    • Environmental Protection Agency P2 grant-funded projects that support pollution prevention through reduced greenhouse gas emissions, water usage, and hazardous materials generation.
  • Worker Safety and Health
    • Implement lean/process improvement approaches to safety problem solving.
    • Partner with the Georgia Tech Research Institute’s Food Processing Technology Division to support Occupational Safety and Health Administration rules compliance, applied research, and technology solutions.
  • Workforce Development
    • Operational Leader and Frontline Supervisor Training.

“Georgia’s food processing GDP ranks it sixth in the country and we rank sixth in employment,” Nix said, noting the state has roughly 680 food processing manufacturers, including the 127 that either relocated to Georgia or built new facilities here since 2010.

“The GaMEP has created significant results serving manufacturers overall,” Nix said. “We want to continue that momentum in food processing. Georgia’s manufacturing industry remains competitive and continues to grow because the food processing industry is expanding. We want food processors to know that the GaMEP is a resource to support their continued growth.”

About the Georgia Manufacturing Extension Partnership (GaMEP):

The Georgia Manufacturing Extension Partnership (GaMEP) is an economic development program of the Enterprise Innovation Institute at the Georgia Institute of Technology. The GaMEP is a member of the National MEP network supported by the National Institute of Standards and Technology. With offices in nine regions across the state, the GaMEP has been serving Georgia manufacturers since 1960. It offers a solution-based approach to manufacturers through coaching and education designed to increase top line growth and reduce bottom line cost.

Source: http://www.news.gatech.edu/2017/08/23/georgia-manufacturing-extension-partnership-launches-outreach-initiative-food-processing

Filed Under: Georgia Tech News Tagged With: EI2, GaMEP, Georgia Tech, innovation, manufacturers, manufacturing, MEP

Georgia Tech launches $1 million retail technology initiative at ATDC

May 25, 2017 By Nancy Cleveland

The Advanced Technology Development Center (ATDC), Georgia’s technology incubator, is launching a new initiative for entrepreneurs focused on retail-related technology.

The new program — which comes as the retailing sector faces a torrent of change in consumer behavior — is being funded by a $1 million gift from the Mookerji Foundation to the Georgia Tech Foundation. The new initiative was announced at the 2017 ATDC Startup Showcase.

The Georgia Tech Foundation, in turn, has earmarked the new funds for the formation of the ATDC Retail Program. Founded in 1980, ATDC is a program of the Enterprise Innovation Institute, the Georgia Institute of Technology’s chief economic development arm. ATDC is one of the longest running university-affiliated incubators in the United States.

“We chose Georgia Tech because of its commitment to economic development in Georgia and beyond, its focus on incorporating innovation in economic development, and its legacy of success,” the Mookerji Foundation said in a statement. “ATDC is a world-class technology incubator and is at the forefront of helping entrepreneurs not only build companies, but gives them the tools for long term success.”

The Atlanta-based Mookerji Foundation is dedicated to nurturing and enabling entrepreneurs in metro Atlanta.

The gift will fully fund the retail technology startup initiative for the next five years and support a retail technology expert who will serve as an entrepreneur-in-residence to mentor the startups and offer expertise relating to the field of entrepreneurship.

“The retail landscape has undergone a tumultuous shift in the last few years and retailers — from the national chains and department stores to the mom and pop shops on Main Street — are all looking for innovative technologies that help them remain competitive, stay engaged with their customers, and improve the bottom line,” said Jennifer Bonnett, ATDC’s general manager. “This new focus on retail complements some of our other related focus areas, such as financial technology (FinTech).”

The U.S. retail sector, which is comprised of more than 3.7 million establishments, supports some 42 million jobs with a $2.6 trillion impact on the economy, according to the National Retail Federation (NRF), the industry’s chief trade group.

In Georgia, the retail industry supports 1.2 million jobs, includes more than 120,000 establishments, and adds $75.6 billion a year to the Peach State’s economy, NRF data show.

“This is a very important segment of the Georgia and national economies and an exciting opportunity for Georgia Tech to make an impact and keep to its economic development mission,” said Maryam Alavi, dean and Stephen P. Zelnak Jr. Chair of Georgia Tech’s Ernest Scheller Jr. College of Business.

Alavi and other Scheller officials, as well as representatives of Tech’s Office of Development, collaborated on the effort that led to the Mookerji Foundation’s gift.

The initiative is the second of its kind for ATDC. In March 2015, Worldpay US, a global payments technology and services company, made a $1 million gift to Georgia Tech, which used the funds to launch a FinTech program at ATDC. Since its launch, that effort has reached more than 350 entrepreneurs across the state of Georgia, including 17 FinTech startups in the ATDC Signature and ATDC Accelerate portfolios. To date, those companies in both Signature and Accelerate have raised more than $34 million in outside funding.

About Georgia Tech

The Georgia Institute of Technology is one of the world’s premier research universities. Georgia Tech is a national and international leader in scientific and technological research and education and is the nation’s leading producer of engineers as well as a leading producer of female and minority engineering Ph.D. graduates. Ranked among the top public universities by U.S. News & World Report, the Institute enrolls more than 23,000 students within its six colleges. For additional information, visit gatech.edu.

About the Advanced Technology Development Center (ATDC)

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 nearly $3 billion in investment financing and generating more than $12 billion in revenue in the state of Georgia. For more information, visit atdc.org.

Filed Under: Georgia Tech News Tagged With: ATDC, EI2, FinTech, Georgia Tech, innovation, retail, technology

Chris Downing picked to head Enterprise Innovation Institute

July 1, 2016 By Nancy Cleveland

Chris Downing, Vice President of Georgia Tech's Enterprise Innovation Institute
Chris Downing, Vice President of Georgia Tech’s Enterprise Innovation Institute

The Georgia Institute of Technology has named Chris Downing vice president of the Enterprise Innovation Institute (EI2), effective immediately.

The announcement ends a six-month national search for a new vice president, following Stephen Fleming’s decision to step down from the position in December 2015. As the Institute’s chief business outreach organization, EI2 is the nation’s largest and most comprehensive university-based program of business and industry assistance, technology commercialization, and economic development.

Downing will report directly to Stephen E. Cross, executive vice president for Research at Georgia Tech.

“I am thankful for this opportunity and I remain focused on our core mission at EI2 to fulfill Georgia Tech’s commitment to economic development,” Downing said. “Working with the dedicated professionals at EI2, we will enhance Georgia Tech’s work in designing the future through our service to entrepreneurs, business, researchers, innovators, and the people of Georgia.”

Downing had served as EI2’s associate vice president since 2012 and as interim vice president since October 2015. He has been at Georgia Tech in various leadership roles related to economic development since 1988.

“EI2, including its multiple programs that support Georgia startups, manufacturers, and entrepreneurs across the state, serves all aspects of economic development in Georgia. It is a vital component of the innovation ecosystem we have built at Tech Square,” Georgia Tech President G.P. “Bud” Peterson said. “Chris has worked diligently to support and enhance our economic development initiatives, as well as to forge and maintain strong partnerships with other organizations across the state to strengthen the Georgia economy.”

Downing, whose past posts at Georgia Tech included serving as research engineer, program manager, regional manager, and director of the Georgia Manufacturing Extension Partnership (GaMEP) — EI2’s largest program — has brought national recognition to the unit and several awards, including the 2014 Innovation Award in Economic Development from the Association of Public and Land Grant Institutions, the 2014 Outstanding Research Park Award from the Association of University Research Parks, and the National MEP Innovation Award in 2011 for the GaMEP.

“Chris has elevated EI2’s commitment to technology commercialization, business and industry outreach, and entrepreneurship,” Cross said. “Through his leadership, EI2’s stature and prominence in Georgia as the state’s most comprehensive economic development organization has risen. His passion and commitment to EI2’s mission has helped to make Tech Square the Southeast’s premier neighborhood for innovation and economic development and is instrumental in helping to define other innovation neighborhoods adjacent to the rest of the campus.”

About the Enterprise Innovation Institute (EI2)

The Enterprise Innovation Institute (EI2) is the Georgia Institute of Technology’s chief business outreach and economic development organization. EI2’s core mission is to provide an exhaustive suite of programs to assist business, industry, entrepreneurs, and economic developers across Georgia. As the nation’s largest and most comprehensive university-base program of its kind, EI2 helps enterprises of all kinds and sizes and across all sectors improve their competitiveness through the application of science, technology, and innovation.

In addition to the GaMEP, EI2 houses a diverse group of programs, each focused on the needs of business and economic development.  The programs include the Advanced Technology Development Center (ATDC), the Georgia Tech Procurement Assistance Center (GTPAC), the Minority Business Development Agency (MBDA) Center, the Southeastern Trade Adjustment Assistance Center (SETAC), VentureLab, and a variety of other programs that provide support and assistance in the areas of commercialization, entrepreneurship and business services.

For more information, please visit innovate.gatech.edu.

Filed Under: Georgia Tech News Tagged With: economic development, EI2, Georgia Tech

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