Georgia Tech's Advanced Technology Development Center now open to more companies | Hacker News Reader

Georgia Tech's Advanced Technology Development Center now open to more companies

atdc.org

31 pointsPStamatiou9 comments

The Advanced Technology Development Center (ATDC) strives to be the world’s best technology business incubator. Our mission: to increase the technology business base in Georgia by helping entrepreneurs launch and build successful high-tech companies. For more than 25 years, ATDC has provided strategic business advice and connected member companies to people and resources they need to succeed.

I worked part-time at an ATDC company while I was in school at Tech. It was a scrappy startup with a lot of smart people. Overall, it was a very positive experience.

i'm having a little trouble finding out exactly what ATDC actually does, what services it provides, etc.. can anyone help me out here?

or are they still working that stuff out?

See my comment above. Basically the ATDC is state funded and is here to help Georgia entrepreneurs be successful. We provide services, educational programs and other stuff to help startups.

i understand that. but that is a very generic answer. what specific services does the ATDC provide? for example, i see in the press release that it mentions coworking space and leasing office space. i don't see that mentioned anywhere else -- no information on where, how much, etc..

i'm curious about these things, i live a block off of technology square.

1) Subsidized office space. You can get an office there for about a grand a month that can house 4 people comfortably. Compare that with the rents in the rest of the building, and you'll find they are much more expensive. What this does is create a density of startups and a critical mass around which an ecosystem has formed.

2) Access to people like Lance Weatherby and other Venture Catalysts. ATDC companies have raised over a billion dollars of VC. The staff helps.

There are fringe benefits, but those are the main ones.

With this strategic change, we are going to be figuring out what services we now provide. But, historically, we did a few things:

connections: introductions to board members, investors, customers

consulting: provided strategic, marketing and other consulting services

office space: subsidized office space

programs: educational programs (like how to raise money)

and the associated Georgia Tech press release: http://www.gatech.edu/newsroom/release.html?id=3183

Good time to be in Georgia :)

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