Seven companies to graduate from incubator on May 7.
The Advanced Technology Development Center, Georgia’s globally recognized technology incubator, announced seven of its companies will graduate from its ATDC Signature portfolio at the 2020 ATDC Startup Showcase.
The seven will be honored at Showcase, which will be held May 7 at Georgia Tech’s McCamish Pavilion (REGISTER HERE).
Showcase, which draws nearly 1,000 attendees each year, is Georgia’s largest annual springtime technology event and celebrates ATDC’s now 40-year legacy of helping entrepreneurs learn, launch, scale, and succeed in creating successful startups.
With these seven, ATDC has graduated more than 190 startups from its program.
To graduate from ATDC Signature, companies have to meet several milestones: annualized revenue of at least $1 million, an identified scalable business model, and the ability to finance growth.
“We are proud of the ATDC Class of 2020,” said Frank Tighe, ATDC’s lead entrepreneur-in-residence. “They are having meaningful impact and advancing business in health, aviation, renewable energy, and finance and logistics. Each one is a game-changer in its industry.”
The ATDC Class of 2020 is:
- Cypress.io: Fast, easy and reliable testing for anything that runs in a browser.
- Emrgy: Harnesses the power of flowing water to generate energy without dams or construction.
- Quest Renewables: Creates high-value, solar racking solutions that enable customers to eliminate waste, increase value, and enter new markets.
- Rimidi: Its cloud-based software solution enables personalized management of chronic cardiometabolic conditions across populations, with specific platforms for diabetes, heart failure, and fatty liver disease.
- RoadSync: This payments platform simplifies fee collection, increases speed and security, and optimizes business operations for the logistics industry.
- Springboard: Optimizes the employee benefit open enrollment experience through proprietary self-service enrollment technology, highly-rated benefit coaches and live-chat channels.
- Volantio: Its web-based platform focuses on revenue optimization and marketing automation for travel suppliers, particularly airlines.
Graduates said being part of ATDC was a critical component to their growth and success.
“I can’t imagine rapidly growing RoadSync without the support of the team at ATDC,” said Robin Gregg, RoadSync CEO. “They’ve helped us with everything from connecting us to investors to helping us navigate the challenges of growth.”
The company is in expansion mode, and plans to hire another 20 to 30 people to its staff over the next 12 to 18 months, including developers, product managers, inside sales, and customer support and success.
“For Quest, ATDC provided three really important benefits — a roster of experts who helped us as we developed as a company, a community of companies and entrepreneurs from whom we could learn and share experiences, and a connection into the infrastructure that exists at Georgia Tech, the Georgia Research Alliance, and the state of Georgia’s resources for startups,” said Norman “Finn” Findley, Quest’s CEO.
“ATDC is uniquely positioned to bring all of that together and thanks to ATDC, we were able to accelerate our business far ahead of where we would have been, had we done this on our own.”
About the Advanced Technology Development Center:
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. To learn more, visit atdc.org.