The Virtual Research Park Wayne Hodges Vice Provost

The Virtual Research Park Wayne Hodges Vice Provost, Enterprise Innovation Institute Director, Advanced Technology Development Center AURP Meeting, October 27, 2006

Atlanta Business Chronicle Cardio. MEMS C 2 Biofuels Jacket Micro

Centergy Building Technology Square

Virtual Technology Park • Moving Georgia Tech IP to market • Providing technical assistance to Georgia companies • Connecting companies to Georgia Tech resources • Helping communities become more innovative

Partners • Companies • Support organizations • Economic development organizations • Academic activities • Commercial/Retail activities • Residential activities • Continuing education activities

Technology Square • Public-private collaboration • Georgia Tech vision

Georgia School of Technology 1885

Supporting the Industrialization of Georgia

Industrial Extension

Industry Services Help Georgia companies become more competitive through application of science, technology and innovation • Lean enterprise • Energy/environmental • Quality & international • Strategic business

“High-Tech” Industries

Original ATDC Mission • Support industrial recruitment • Build support infrastructure • Help Georgia entrepreneurs launch and build companies

ATDC: 25 Years

ATDC Incubators • Old high school building O’Keefe Bldg • Leaky pipes, creaky floors • Companies on one floor • Community easy to create • New building • Individual office suites • “Holiday Inn” entrances • Difficult to create community 10 th Street Bldg

Rejoining Atlanta Georgia Tech Campus

Connecting to the Corporate World

Revitalized Midtown Post Biltmore Apts Plaza Midtown & Publix

Georgia Tech Growth $410 million research 16, 000 graduate & undergraduate students

Technology Square: Before

Technology Square: After

Technology Square: Tenants • College of Management • Ga Electronic Design Center • Distance Learning & Professional Education • Hotel & Conference Center • Georgia Tech Foundation • Barnes & Nobel Bookstore • Enterprise Innovation Institute

A Revitalized Area

Centergy Building • 12 -story building • ATDC anchor tenant • Create entrepreneur community • Companies provide revenue stream • Built by local developers • Bonds from University Financing Foundation • Georgia Advanced Technology Ventures (GATV) facilitated

ATDC in Centergy • ATDC to occupy first two floors • Challenge of marketing – create buzz • Also filled floors 3, 4, 5 and 6 • Building at capacity Meeting space & lobby

Georgia Tech in Centergy: Third Floor • Georgia Tech Venture Center • “Landing Parties” - Pirelli Broadband - GSE Systems - Carbon Motors • Venture. Lab

Georgia Tech Venture. Lab • Helps commercialize Georgia Tech IP • Works with faculty on business plans, financing, management • 44 Venture. Lab “projects” • 18 companies formed since 2001; $50 million raised

Georgia Tech in Centergy: Fourth & Fifth Floors • Space for graduates of ATDC • Want to keep companies near Georgia Tech • Part of plan for long-term relationships • Next step is Technology Enterprise Park • Fifth Floor is GCATT

Economic Development Organizations in Centergy • Ga Dept. of Economic Development • Ga Dept. of Technical & Adult Education • Ga Power Company • Ga Economic Developers Assn • Ga Electric Membership Corp. • MEAG Power • University of Georgia • ICAPP (University System of Ga) • Medical College of Georgia

Technology Square Research Building HQ for Ga Electronic Design Center • 54 partners • 150 faculty/students • Collaborate with Samsung & Pirelli

Technology Enterprise Park • More traditional technology park • Will house biosciences, technology companies • 600, 000 square feet of lab/office space • Near campus for collaboration, students • Other facility plans under development

Google Comes to Technology Square When it comes to recruiting great people, Google doesn't let a silly little thing like geography get in the way. In addition to Mountain View, New York, Sydney, Kirkland, Santa Monica, Dublin, Zurich, London, Belo Horizonte, Trondheim, Bangalore, Hyderabad, and Tokyo, now you too can be a Googler in Atlanta. Midtown Atlanta is an exciting place to be these days, so it's no coincidence that we set up shop next door to Georgia Tech, Technology Square, and Atlantic Station.

Southern Growth Policies Board: “Innovation U. ” “Virtually every combination of industry relationship or economic development activity can be found at Georgia Tech, and in a very real sense, the university is an operating partner with Georgia state government in the implementation and management of a variety of technology-focused initiatives. Perhaps more than any other research university in North America, economic development is an integral, critical component of the mission of the Georgia Institute of Technology, and this has been true from its very inception. ”

Other Accolades • Business. Week: ATDC among four “incubators setting the pace” • Inc: Georgia Tech among top producers of startups • Milken Institute: Georgia Tech 11 th for technology transfer in biosciences

What’s in it for Georgia Tech? • • • Student/graduate employment Moves research into market Builds Atlanta’s reputation Helps recruit faculty Entprepreneurs give back Klaus Building

Lessons Learned • • • Don’t slow down Find patient partners Access the bond markets Research/location not same Need a good meeting place

Lessons Learned • • International prospects Investors are attracted Gov’t groups collaborate Need a long-term strategy

What’s Ahead? Energy Village: mixed-use R&D, companies, test beds, residential

The Virtual Research Park Wayne Hodges Vice Provost, Enterprise Innovation Institute Director, Advanced Technology Development Center wayne. hodges@innovate. gatech. edu 404 -894 -5217 innovate. gatech. edu