Twelve Georgia-based companies focused on solutions for senior
citizens will be featured on a virtual platform used by investors.
The Advanced Technology Development Center (ATDC), the state of Georgia’s globally recognized technology incubator, is now accepting applications from companies focused on technology enabled solutions that target the aged and eldercare sectors — AgeTech — for its upcoming virtual 2021 ATDC Venture Showcase. The showcase will be open to screened venture capitalists between September 20 and October 18.
Building on the success of its previous Venture Showcases held across the United States during the past four years, ATDC and its co-hosts will invite investors to create their own “demo day on-demand” via a virtual event platform. The success of previous ATDC Venture Showcases is one reason the incubator’s portfolio companies have already raised more than $100 million in 2021 to date.
To be eligible, applicants must be Georgia-headquartered AgeTech-oriented companies that intend to raise a Seed to Series B round in the next 12 months. Applications will be accepted until 5 p.m. on Aug. 23, 2021. Companies may apply using this link: 2021 ATDC AgeTech Venture Showcase.
The companies selected to participate in the Venture Showcase will be notified August 27, after the selection committee has reviewed all applications.
The ATDC Venture Showcase series is co-hosted by Aprio, DLA Piper, Metro Atlanta Chamber, Morris, Manning & Martin, Silicon Valley Bank, and Venture Atlanta.
“AgeTech is a growing subset of the health technology space and will continue to expand as our population ages,” said ATDC Assistant Director Jane McCracken. “We’re seeing a growing trend among entrepreneurs in our portfolio who are looking to address the needs of our seniors and the issues that they face and that trend mirrors what we’re seeing in the general economy.”
The U.S. is home to more than 111 million people who are 50 years of age and older. As that population expands and ages, the 50-plus cohort is expected to spend $27.5 trillion by 2050, up from $7.6 trillion in 2018, according to the Longevity Economy by AARP and Oxford Economics.
The Venture Showcase effort is ATDC’s 12th such effort for investors since launching the initiative in February 2017.
“Even amidst this unprecedented time that has changed the day-to-day way the startup ecosystem operates, we continue to foster relationships between our Georgia startups and investors across the country,” said ATDC Investor Relations Manager Brad Schweizer.
“These virtual showcase events allow us to connect highly curated startups with tailored investors who are eager for new investment opportunities — all from the comfort of their chosen work space.”
The initiative is an offshoot of ATDC’s highly successful Investor Connect program. That effort allows funders — from angels to venture capitalists and corporate investors — to interact with the highly vetted, market disruptive, investor-ready companies in ATDC’s Signature and Accelerate portfolios.
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.