E130: Startup Incubators are everywhere but none quite like the Advanced Technology Development Center (ATDC) at Georgia Tech. E85 reviewed ATDC in detail and today ATDC director John Avery updates listeners on what's happening now at ATDC. They offer three active tracts: 1) ATDC Educate, a foundational curriculum and mentorship for early entrepreneurs. 2) ATDC Accelerate, for early-stage companies that have at least one full-time and one part-time employee, have developed a minimal viable product (MVP), and have begun refining product-market fit. 3) ATDC Signature, offers a targeted, growth-centric program for scaling tech and life sciences startups, bridging them with essential coaching, capital, and exclusive access to Georgia Tech vast resources. Currently sporting ~115 startups enrolled in the Accelerate Program and ~40 in the Signature program, ATDC is at the top of the incubator leader board in the South by scale and breadth, comparable to Y Combinator and TechStars. Their funding record to date in 2024 includes 52 enrolled companies that have raised $150M with a median raise of ~$2M and a median post-money valuation of ~$16M. Over their 40+ year history, 48% of the ATDC portfolio have had a successful exit. (recorded 8/2/24)
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