Schools

Advanced Technology Development Center Plans Expansion

Despite funding cuts, Atlanta incubator bets on expansion to grow.

Georgia Tech's Enterprise Innovation Institute's Advanced Technology Development Center is in expansion mode.

The ATDC, founded more than three decades ago as an Atlanta business incubator, is not only expanding its staff, but office footprint and reach, according to the Atlanta Business Chronicle.

That three-pronged strategy includes additional satellite offices all over midtown, in addition to a physical expansion of its core heaquarters at Technology Square, the Business Chronicle reported.

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As part of that, the entity also is focused on tackling and supporting specific sectors, such as clean technology and microelectronics fabrication.

The Business Chronicle noted the renewed attention and focus comes as the ATDC has seen its funding shrink by 40 percent and questions about its relevency as an incubator as other players enter the market to serice metro Atlanta's techonology industry.

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Still, the TDC has an impressive roster of firms it has shepherded over the years out of the incubator stage and into stand-alone enterprises.

“At the end of the day, we are supposed to be helping create and retain jobs in Georgia,” Stephen Fleming, the general manager of Georgia Tech’s Enterprise Innovation Institute, told the Business Chronicle. “Job creation comes from young companies, so ... clearly we’re going to have to put more focus on the ATDC.”


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