ATLANTA — The Advanced Technology Development Center (ATDC), Georgia’s technology incubator, announced today seven startups have graduated from the program’s top-tier Signature portfolio.
The 2023 class marks continues the incubator’s 43-year legacy of helping visionaries put their ideas into action to create dynamic, transformative companies that solve challenges, make business flow smoother, and improve the human condition.
This class represents a wide range of sectors including in medical technology, marketing tech, data analytics, and financial technology that reflect Georgia’s lead in those business segments, but also as a driver of innovation.
It also marks a significant milestone for ATDC, a program of the Georgia Institute of Technology’s Enterprise Innovation Institute. The 7 startups — which include 3 that have been acquired — bring the incubator’s total graduates to 217 companies since its founding in 1980. And they are part ATDC’s total incubator portfolio that raised more than $320 million in capital this year.
The ATDC Class of 2023 includes:
- Eletype
- FilmHedge
- Medxoom
- Mitivate
- OXOS Medical
- Stackfolio
- Transitiv
“Our mission since the beginning has been to make ATDC the nexus where talent, opportunity, and connective collaborations combine to create great startups,” ATDC Director John Avery told the founders at an awards dinner and ceremony at Midtown Atlanta’s Tech Square ATL.
“I want to say thank you to you founders for trusting us to be your partner in your startup journey and I congratulate you on what you have accomplished, and what you will do in the future.”
Being a part of the ATDC ecosystem allowed Medzoom, a health benefit and payment platform, to thrive, said Jeff Toewe, co-founder and president.
“ATDC was a great program for Medxoom. From coaching to mentorship, to finding new talent and interns, to meeting investors, our experience was positive,” he said. “ATDC made a real impact on our early growth. We successfully raised a series A, and Medxoom was recently acquired.”
Similarly, OXOS Medical, a medical imaging and radiographic diagnostics company, which raised $23 million in 2023, said ATDC was critical to its growth.
“ATDC was an indispensable resource during OXOS’s startup phase,” co-founder Evan Ruff said. “The facility, community, and the mentorship and connections offered by ATDC were invaluable.”
About the Advanced Technology Development Center (ATDC)
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.