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ATLANTA — The Advanced Technology Development Center (ATDC), Georgia’s technology incubator, announced today the ATDC class of 2022, which includes 13 startups that will graduate from the program’s top-tier Signature portfolio.
The 2022 class marks significant milestones for ATDC, a program of the Georgia Institute of Technology’s Enterprise Innovation Institute. The 13 startups constitute one of the most diverse and largest graduating class in ATDC’s 42-year history. Eight of the companies have diverse founders or co-founders, including four women.
The ATDC Class of 2022 also brings the total number of graduating startups to more than 210 companies. Collectively, the ATDC Class of 2022 has raised more than $216.7 million in capital from investors since January 2021.
“This is an outstanding and spectacular class of graduates,” said Chris Nedza, ATDC’s lead entrepreneur in residence. “This group of founders are gamechangers and disruptors in cybersecurity, artificial intelligence, insurance, energy, ecommerce, artificial intelligence, and information security. We are extremely proud of the ATDC Class of 2022 and all their achievements.”
One of the graduating companies, Apptega, founded by Armistead Whitney, works to address challenges that companies of all sizes face in implementing effective cybersecurity.
“Starting a company from scratch is long, exciting, painful, and rewarding all at once. ATDC delivers the support, infrastructure, and guidance critical to our success,” Whitney said. “Sharing issues with other CEOs, receiving advice from the entrepreneurs in residence, getting connected to capital, and participating in programs at Georgia Tech gave us a huge competitive advantage not only to survive, but to thrive.”
Similarly, OncoLens, co-founded by Anju Mathew and Dr. Lijo Simpson, is a leading data and clinical decision support hub that supports the multi-disciplinary discussion of cancer cases by experts and care teams. The company has expanded to serve nearly 200 clients, including international customers.
“The favorite part of our ATDC experience has been the guidance received from ATDC catalysts and mentors,” Mathew said.
Companies in the ATDC Signature portfolio are those deemed most ready for long-term growth and success. ATDC Signature is a rigorous, metrics-driven, and milestones-based program for companies with transformative products.
To graduate, startups must meet several milestones, including annualized recurring revenue of at least $1 million, an identified scalable business model, and the ability to finance growth.
“ATDC has allowed Carbice to grow from an idea to a thriving leader in the thermal solutions market,” said Baratunde Cola, the company’s founder and Georgia Tech professor.
