The Georgia Tech Research Corporation (GTRC) embodies Georgia Tech’s founding spirit of innovation and entrepreneurship in engineering, science, and technology. By serving as the contracting entity for all sponsored research activities at Georgia Tech, GTRC helps researchers’ discoveries drive global competitiveness across Georgia, the nation, and the world.
GTRC serves as the contracting entity for all sponsored research activities at Georgia Tech and licenses all intellectual property (patents, software, trade secrets, etc.) created at Georgia Tech.
As they form their companies, VentureLab-supported teams work with GTRC to disclose inventions, ensure compliance with conflict of interest rules, and negotiate licenses for the GT-owned technologies they intend to incorporate in their products and services.
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 $3 billion in investment financing and generating more than $12 billion in revenue in the state of Georgia.
As they grow, companies nurtured by VentureLab often go on to participate in ATDC’s many programs, taking advantage of their extensive educational and community resources.
GRA expands research capacity at universities, then seeds and shapes startup companies around inventions and discoveries. The start-up companies that GRA helps to launch out of university labs are the product of scientific invention and discovery.
Dozens of VentureLab’s teams have benefited from critical early funding through GRA’s generous grant programs.
Engage Ventures is a growth program backed by a venture fund that gives entrepreneurs what they need most — customers and market access. Engage Ventures’ founding partners contributing capital, expertise, time and resources include AT&T, Chick-fil-A, Cox Enterprises, Delta Air Lines, Georgia Tech, Georgia-Pacific, Georgia Power Foundation, Inc., Intercontinental Exchange (ICE), Invesco Ltd., Tech Square Ventures, The Home Depot and UPS. These corporate partners, along with the Georgia Institute of Technology’s Advanced Technology Development Center (ATDC) and Tech Square Ventures, provide tools, hands-on support and resources that help companies develop go-to-market strategies, open doors faster and transform strategies into action.
VentureLab provides white label courses and lectures surrounding the lean startup methodology to teams participating in the Engage growth programs. Teams that work with VentureLab also apply for Engage programs.