Georgia Tech’s Advanced Technology Development Center to Celebrate One Billion Dollars in Venture Capital
Since 1999, companies from Georgia Tech’s Advanced Technology Development Center (ATDC) have raised one billion dollars in venture capital. In 2006, 10 of the top 25 largest venture capital deals – including the two largest – went to ATDC companies. In recognition of this milestone, the ATDC will host its annual Entrepreneurs Showcase and Celebration on Thursday, May 10, from 2 until 4:30 p.m.
“Since ATDC’s inception in 1980, more than 100 successful companies have emerged in the fields of software, biotechnology, medical devices, telecommunications, and others,” said Tony Antoniades, ATDC general manager. “ATDC has a proven track record of helping both first-time and serial entrepreneurs launch and grow leading technology companies. More than 30 ATDC companies have been represented on the public markets via either IPOs or acquisitions.”
Likewise, investors find ATDC companies to be attractive investments. “ATDC is the nexus of Georgia’s technology community and a source of exciting deal flow. We have invested in many ATDC companies,” said Fred Sturgis, managing director of H.I.G. Ventures. “They attract the leading entrepreneurs in Georgia and increase the probability of success for their companies.”
More than 400 entrepreneurs, investors and technology leaders are expected to attend the showcase, one of the premier events for Georgia’s technology community. To attend the event please RVSP to www.atdc.org/showcase.