{"222991":{"#nid":"222991","#data":{"type":"news","title":"Georgia Tech\u2019s VentureLab Ranks Second Among University-based Incubators Worldwide","body":[{"value":"\u003Cp\u003EGeorgia Tech\u2019s \u003Ca href=\u0022http:\/\/www.venturelab.gatech.edu\/\u0022\u003EVentureLab\u003C\/a\u003E program ranks second in the world in a new benchmarking study of 150 university-based business incubators in 22 different countries. The study was conducted by UBI Index, a Stockholm-based company that provides assistance to incubators.\u003C\/p\u003E\u003Cp\u003EVentureLab helps create startup companies based on Georgia Tech research. Since its formation in 2001, VentureLab has launched more than 150 technology companies that have attracted more than $700 million in outside funding.\u003C\/p\u003E\u003Cp\u003EBeyond the overall #2 ranking, UBI Index also placed VentureLab first among early-phase university incubators and first among university incubators supporting a broad range of technologies. Among specific attributes, it ranked among the top ten incubators in the world for economic enhancement, job creation, performance of graduates and post-incubation value.\u003C\/p\u003E\u003Cp\u003E\u201cThis survey shows what Georgia Tech researchers and Atlanta entrepreneurs already know \u2013 that VentureLab is part of an innovation ecosystem that is spinning off startup companies to create exciting new ventures, jobs and economic value for the state of Georgia,\u201d said Stephen Fleming, vice president at Georgia Tech\u2019s \u003Ca href=\u0022http:\/\/www.innovate.gatech.edu\/\u0022\u003EEnterprise Innovation Institute\u003C\/a\u003E, which houses VentureLab and other units that support startup technology companies.\u003C\/p\u003E\u003Cp\u003EThe goal of VentureLab is to move inventions developed in Georgia Tech\u2019s research program out into the marketplace, said Keith McGreggor, the program\u2019s director. \u201cVentureLab has been a consistent effort for nearly 12 years to get Georgia Tech inventions out into the world,\u201d he said.\u003C\/p\u003E\u003Cp\u003EAmong the top VentureLab graduates are Suniva, a producer of photovoltaic panels; CardioMEMS, which makes implantable medical devices; Innovolt, a leader in technology to protect electronic equipment, and Pindrop Security, which is developing technology to fight phone fraud.\u003C\/p\u003E\u003Cp\u003EVentureLab is part of an innovation ecosystem that facilitates the growth and development of new ventures in Georgia. Companies formed in VentureLab often become part of the \u003Ca href=\u0022http:\/\/www.atdc.org\/\u0022\u003EAdvanced Technology Development Center\u003C\/a\u003E (ATDC), Georgia Tech\u2019s technology accelerator.\u003C\/p\u003E\u003Cp\u003EThe UBI study measured participating university incubators on a unique assessment framework with more than 50 performance indicators designed to show the value that the programs create for their ecosystems and clients. The firm judged The Rice Alliance for Technology and Entrepreneurship, based at Rice University, as the world\u2019s overall top university business incubator for 2013.\u003C\/p\u003E\u003Cp\u003EAccording to the firm, incubators \u201cincrease the chances for startups to succeed and achieve growth, shorten the time and reduce the cost of establishing and developing its business.\u201d It said incubators normally offer the following services:\u003C\/p\u003E\u003Cul\u003E\u003Cli\u003EAccess to physical resources\u003C\/li\u003E\u003Cli\u003EAccess to financial resources\u003C\/li\u003E\u003Cli\u003EAccess to startup support\u003C\/li\u003E\u003Cli\u003EAccess to networks\u003C\/li\u003E\u003Cli\u003EAccess to entrepreneurial training\u003C\/li\u003E\u003C\/ul\u003E\u003Cp\u003EThe majority of the university incubators surveyed by UBI Index were in Europe or the Americas. Other top university incubators in the United States listed in the survey were UB Technology Incubator at the University of Buffalo, Tech 20\/20 at the University of Tennessee, Youngstown Business Incubator affiliated with Youngstown State University, the Vermont Center for Emerging Technologies at the University of Vermont, Jon Brumley Texas Venture Labs at the University of Texas at Austin, InNOLEvation Accelerator at Florida State University, TEC Edmonton at the University of Alberta in Canada, and ASU Venture Catalyst at Arizona State University.\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003EResearch News\u003C\/strong\u003E\u003Cbr \/\u003E\u003Cstrong\u003EGeorgia Institute of Technology\u003C\/strong\u003E\u003Cbr \/\u003E\u003Cstrong\u003E177 North Avenue\u003C\/strong\u003E\u003Cbr \/\u003E\u003Cstrong\u003EAtlanta, Georgia\u0026nbsp; 30332-0181\u003C\/strong\u003E\u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cstrong\u003EMedia Relations Contact\u003C\/strong\u003E: John Toon (404-894-6986)(\u003Ca href=\u0022mailto:jtoon@gatech.edu\u0022\u003Ejtoon@gatech.edu\u003C\/a\u003E).\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003EWriter\u003C\/strong\u003E: John Toon\u003Cbr \/\u003E\u003Cbr \/\u003E\u003C\/p\u003E","summary":null,"format":"limited_html"}],"field_subtitle":"","field_summary":[{"value":"\u003Cp\u003EGeorgia Tech\u2019s VentureLab program ranks second in the world in a new benchmarking study of 150 university-based business incubators in 22 different countries. The study was conducted by UBI Index, a Stockholm-based company that provides assistance to incubators.\u003C\/p\u003E","format":"limited_html"}],"field_summary_sentence":[{"value":"Georgia Tech\u0027s VentureLab has been ranked second among all university-based business incubators worldwide."}],"uid":"27303","created_gmt":"2013-07-15 16:12:08","changed_gmt":"2016-10-08 03:14:34","author":"John Toon","boilerplate_text":"","field_publication":"","field_article_url":"","dateline":{"date":"2013-07-15T00:00:00-04:00","iso_date":"2013-07-15T00:00:00-04:00","tz":"America\/New_York"},"extras":[],"hg_media":{"222981":{"id":"222981","type":"image","title":"VentureLab at Georgia Tech","body":null,"created":"1449243535","gmt_created":"2015-12-04 15:38:55","changed":"1475894894","gmt_changed":"2016-10-08 02:48:14","alt":"VentureLab at Georgia Tech","file":{"fid":"197344","name":"pa050108.jpg","image_path":"\/sites\/default\/files\/images\/pa050108_0.jpg","image_full_path":"http:\/\/hg.gatech.edu\/\/sites\/default\/files\/images\/pa050108_0.jpg","mime":"image\/jpeg","size":475643,"path_740":"http:\/\/hg.gatech.edu\/sites\/default\/files\/styles\/740xx_scale\/public\/images\/pa050108_0.jpg?itok=owLVIiOX"}}},"media_ids":["222981"],"groups":[{"id":"1188","name":"Research Horizons"}],"categories":[{"id":"131","name":"Economic Development and Policy"}],"keywords":[{"id":"4238","name":"atdc"},{"id":"166973","name":"startup"},{"id":"167668","name":"Stephen Fleming"},{"id":"69701","name":"technology commercialization"},{"id":"4193","name":"venturelab"}],"core_research_areas":[],"news_room_topics":[],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[{"value":"\u003Cp\u003EJohn Toon\u003C\/p\u003E\u003Cp\u003EResearch News\u003C\/p\u003E\u003Cp\u003E\u003Ca href=\u0022mailto:jtoon@gatech.edu\u0022\u003Ejtoon@gatech.edu\u003C\/a\u003E\u003C\/p\u003E\u003Cp\u003E(404) 894-6986\u003C\/p\u003E","format":"limited_html"}],"email":["jtoon@gatech.edu"],"slides":[],"orientation":[],"userdata":""}}}