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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

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

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