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New Georgia Tech Biosciences Center assists life-science startup companies

TDC has helped Vivonetics by significantly reducing its startup costs. For example, specialized equipment available in the incubator has saved Vivonetics more than $20,000. Launching a company might have been possible without ATDC, Bao says, "but it would have been far more difficult, and the chance of success would be much lower."

In a different take on tech transfer, ATDC's new incubator provides space for companies that cannot be accommodated by EmTech Bio, an incubator on Emory's campus that is a partnership between Georgia Tech and Emory. (EmTech Bio has essentially been operating at full occupancy since its inception in 2000).

When Aderans Research Institute experienced a recent growth spurt, it was able to move out of crowded space at EmTech Bio and into the ATDC Biosciences Center, which enabled the company to triple its offices from 500 to 1,500 square feet and increase its staff from two employees to five.

Not only a benefit for companies, the arrangement also strengthens ties between the two research universities, Herron adds.


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Contact: John Toon
john.toon@edi.gatech.edu
404-894-6986
Georgia Institute of Technology Research News
31-Jan-2004


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