{"659366":{"#nid":"659366","#data":{"type":"news","title":"Georgia Tech\u2019s Advanced Technology Development Center to Receive Investment from Visa for FinTech Innovation","body":[{"value":"\u003Cp\u003EToday, the\u0026nbsp;Georgia Institute of Technology\u0026rsquo;s\u0026nbsp;\u003Ca href=\u0022https:\/\/atdc.org\/\u0022\u003EAdvanced Technology Development Center (ATDC)\u003C\/a\u003E\u0026nbsp;announced a new three-year financial commitment by\u0026nbsp;\u003Ca href=\u0022https:\/\/usa.visa.com\/\u0022\u003EVisa\u003C\/a\u003E, the world leader in digital payments, to further accelerate innovation across financial and payments technologies (FinTech).\u003C\/p\u003E\r\n\r\n\u003Cp\u003EATDC, the state of Georgia\u0026rsquo;s technology incubator, works with entrepreneurs to build and scale successful technology companies. Its FinTech program, launched in 2015, has focused on building and growing FinTech companies in Georgia. Since its launch, the program has evaluated more than 250 startups, has 25 companies in its current portfolio, and produced one unicorn,\u0026nbsp;\u003Ca href=\u0022https:\/\/greenlight.com\/\u0022\u003EGreenlight\u003C\/a\u003E, a 2018 ATDC graduate now valued at more than $2 billion.\u003C\/p\u003E\r\n\r\n\u003Cp\u003EVisa\u0026rsquo;s financial sponsorship and leadership in the FinTech category will allow for continued growth and startup support for entrepreneurs in the program. As part of the sponsorship, Visa executives will mentor program participants and create connections to maximize opportunities to bring their FinTech innovations to Visa and its partner network.\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u0026ldquo;Georgia is our nation\u0026rsquo;s FinTech command center and we at ATDC are proud to partner with Visa to continue to drive innovation forward in this sector,\u0026rdquo; said John Avery, ATDC director. \u0026ldquo;We are dedicated to our FinTech ecosystem\u0026rsquo;s continued growth and success, and ATDC serving as the nexus to entrepreneurs, industry, investors, and Georgia Tech\u0026rsquo;s resources to help these startups thrive.\u0026rdquo;\u003C\/p\u003E\r\n\r\n\u003Cp\u003EStartups accepted into the incubator\u0026rsquo;s program will be integrated into Georgia\u0026rsquo;s robust FinTech ecosystem, where more than 200 FinTech companies generating $72 billion in annual revenue call home. Over 70 percent of all U.S. financial transactions are handled by payment processing firms headquartered in Georgia.\u0026nbsp;\u003C\/p\u003E\r\n\r\n\u003Cp\u003EATDC has hired\u0026nbsp;\u003Ca href=\u0022https:\/\/www.linkedin.com\/in\/redaniel\/\u0022\u003ERobert E. Daniel\u003C\/a\u003E\u0026nbsp;as the FinTech catalyst who will oversee the vertical, manage the pipeline, and evaluate these startups and their innovations for acceptance into the portfolio.\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u0026ldquo;We view Atlanta as a thriving FinTech community and an epicenter of financial technology expertise where Visa can become an integral part to its continued growth. A partnership with ATDC provides Visa the opportunity to get involved with supporting local startups as the future of payments continues to look bright, thanks to this world of innovative entrepreneurs,\u0026rdquo; said Patrick Williams, Visa\u0026rsquo;s head of digital partnerships in North America.\u003C\/p\u003E\r\n","summary":null,"format":"limited_html"}],"field_subtitle":"","field_summary":"","field_summary_sentence":[{"value":"Investment to spur greater innovation in payments space"}],"uid":"28137","created_gmt":"2022-07-13 13:40:22","changed_gmt":"2022-07-13 13:46:08","author":"P\u00e9ralte Paul","boilerplate_text":"","field_publication":"","field_article_url":"","dateline":{"date":"2022-07-13T00:00:00-04:00","iso_date":"2022-07-13T00:00:00-04:00","tz":"America\/New_York"},"extras":[],"hg_media":{"659367":{"id":"659367","type":"image","title":"Patrick Williams Image","body":null,"created":"1657719915","gmt_created":"2022-07-13 13:45:15","changed":"1657719915","gmt_changed":"2022-07-13 13:45:15","alt":"Patrick Williams Headshot","file":{"fid":"249919","name":"1547073610657-1.jpeg","image_path":"\/sites\/default\/files\/images\/1547073610657-1.jpeg","image_full_path":"http:\/\/hg.gatech.edu\/\/sites\/default\/files\/images\/1547073610657-1.jpeg","mime":"image\/jpeg","size":17727,"path_740":"http:\/\/hg.gatech.edu\/sites\/default\/files\/styles\/740xx_scale\/public\/images\/1547073610657-1.jpeg?itok=gf9UovIW"}}},"media_ids":["659367"],"groups":[{"id":"1214","name":"News Room"},{"id":"1188","name":"Research Horizons"}],"categories":[{"id":"139","name":"Business"}],"keywords":[{"id":"6590","name":"Visa"},{"id":"145071","name":"fintech"},{"id":"4238","name":"atdc"},{"id":"187915","name":"go-researchnews"}],"core_research_areas":[],"news_room_topics":[{"id":"106361","name":"Business and Economic Development"}],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[{"value":"\u003Cp\u003E\u003Cstrong\u003EP\u0026eacute;ralte C. Paul\u003C\/strong\u003E\u003Cbr \/\u003E\r\n404.316.1210\u003C\/p\u003E\r\n","format":"limited_html"}],"email":["peralte.paul@comm.gatech.edu"],"slides":[],"orientation":[],"userdata":""}}}