Technology Enterprise Park (TEP) is an 11-acre complex offering advanced bench and office space in four mid-rise, multi-tenant buildings. TEP is a joint project of Georgia Advanced Technology Ventures, an affiliate of Georgia Tech, and the University Financing Foundation.
Through its affiliation with Georgia Tech, Technology Enterprise Park offers access to immense developmental resources, capabilities and talent. Facilities and experts in fields ranging from bioengineering to nanotechnology are engaged in active partnerships with Technology Enterprise Park firms. Through Georgia Tech, the relationships extend to other leading universities and research hospitals of Atlanta.
TEP's multi-tenant bio-lab facility houses companies such as Altea Therapeutics, CardioMems, Kemira and Saint Joseph's Translational Research Institution's world-class preclinical facility, including angioscope, MRI, PET, and CT imaging services.
Georgia is home to thriving bioscience incubators. The state has more than 85,000 square feet of bioscience incubator space.
The Atlanta Technology Development Center (ATDC) has received national attention as a leading start-up accelerator that helps Georgia technology entrepreneurs launch and build successful companies. Founded in 1980, ATDC has helped create millions of dollars in tax revenues by graduating more than 120 companies, which together have raised more than $1 billion in outside financing. ATDC’s Biosciences Center has 22,000 square feet of wet-lab and office space. ATDC has been one of the most successful incubator facilities in the country and has now made a strong commitment to life sciences commercialization and company formation
Recently ATDC expanded its mission by merging with Georgia Tech’s VentureLab and with the Georgia SBIR Assistance Program. The change enables ATDC to greatly extend its reach to serve more technology companies along multiple growth paths and at all stages of development.
The Georgia BioBusiness Center – enables startup bioscience companies with research and technology ties to the University of Georgia to accelerate their early growth through access to management expertise and state-of-the-art instrumentation.
CollabTech – Located at Georgia State University, this facility currently houses eight firms and is looking to expand. Successful graduates like Kinetic Biosystems have taken advantage of the wide array of equipment available at GSU that they could never afford on their own when starting up.
Life Sciences Business Development Center, Georgia Health Sciences University – Located in Augusta, Georgia, the Georgia Health Sciences University (formerly the Medical College of Georgia) houses an innovation center devoted to bioscience consisting of a 12,000-square-foot incubator that includes five wet-lab/clean room/office suites, shared equipment and other resources.
The Innovation Factory (TIF) is a private for-profit incubator with a different business model than other incubators in Georgia. When TIF locates a promising medical device technology idea, they acquire or license it from the individual or organization, then perform a thorough strategic review, including intellectual property and market research and submit a business plan to their venture capital consortium for funding.
Other Bioscience Facilities
The Georgia Bioscience Commercialization Center (GBCC) acts as a one-stop-shop for entrepreneurs, providing a faculty of bioscience executives who offer expert opinion on all the aspects of technology commercialization free of charge. Each faculty member represents a unique resource (i.e. consultants, VCs, marketing, finance, CEOs of existing companies, etc.), brought together by GBCC to create single collaborative problem-solving network. The GBCC removes the barriers of resource isolation and increases collaboration and the potential for commercialization success.
Saint Joseph’s Translational Research Institute (SJTRI) is a private, nonprofit research institute that combines the efficiencies of a commercial contract research organization with the resources of an academic institution. With more than a decade of experience, SJTRI understands how to catalyze clinical solutions faster with the highest quality and the best value. The facility offers state-of-the-art technology and attracts research projects from around the globe.
The Global Center for Medical Innovation (GCMI) is the first and only one of its kind in the Southeast. The independent, not-for-profit, full-service product development organization helps new product teams enhance their product development, shorten time to market, and achieve significant cost savings throughout the process. The Center, currently under development, will be located in midtown Atlanta near Georgia Tech. The GCMI is a partnership of Georgia Tech, Piedmont Hospital, SJTRI and Georgia Research Alliance.