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ATLANTA — The Advanced Technology Development Center (ATDC), Georgia’s technology incubator, announced today the ATDC Class of 2024. These 10 startups will graduate from its internationally recognized top-tier portfolio — which includes the first startup to graduate from its ATDC @ program in Columbus, Georgia.
The companies and ATDC alumni will be honored at graduation and alumni homecoming dinner celebration October 24 in Tech Square. The Honorable Brad Raffensperger, Georgia Secretary of State, will give the keynote address to the graduates. Donnie Beamer, Senior Technology Advisor to Mayor Andre Dickens, Office of Technology and Innovation, Office of Mayor, City of Atlanta, will give opening remarks.
The ATDC Class of 2024, reflects the incubator’s diverse portfolio of industry sectors including logistics, sustainability, healthcare technology, hospitality, supply chain, and marketing technology, sports, and construction.
With the addition of these 10 companies, ATDC, program of Georgia Tech’s Enterprise Innovation Institute, will have graduated 231 startups since its founding in 1980.
“This class of graduates perfectly showcases so many of the industries and sectors we are focused on where Georgia is a leader or has emerged as a magnet for innovation,” said ATDC Director John Avery. “They’re all making headway and continue our 44-year record of being the nexus of Georgia’s startup innovation ecosystem.”
The ATDC Class of 2024 includes:
“ATDC has been a pivotal stepping stone for Carpool Logistics,” said Joe Norton, co-founder and vice president of product. “The incubator’s collaborative atmosphere, expert guidance, and access to resources have significantly contributed to our development. As we move forward, we’re thankful for the invaluable experiences and connections gained at ATDC.”
Jack Markwalter, VIVA Finance co-founder and CEO, echoed those sentiments.
“ATDC has given VIVA a home to grow from an idea to a real company,” Markwalter said. “We were able to supercharge our pace of learning through sharing our experiences with this community of founders and were able to learn from the mistakes of others. As first-time founders in our 20s, this experience was invaluable and put us in a position to thrive.”
Collectively, the ATDC Class of 2024 has raised $56.95 million in capital funding.
The Class has some other significant milestones, too. Four of the companies were founded or co-founded by women; three were acquired, and Turbine, which is headquartered in Columbus, is the first company to graduate from ATDC @ Columbus, one of the incubator’s regional, focused startup ecosystem building initiatives across the state.
To graduate from ATDC, portfolio companies must meet several milestones, including annualized recurring revenue of at least 3 million to 4 million, an identified scalable business model, the ability to finance growth, or been acquired.
