Georgia Tech VentureLab

What is Georgia Tech VentureLab?

Georgia Tech VentureLab is a university-based program that plays a pivotal role in supporting the creation of startups based on research conducted at Georgia Tech.

As a firm, they focus on nurturing technology startups in Georgia, targeting sectors that include communication, networking, and software, with an emphasis on IT and TMT industries. Their services extend beyond investment, as they provide a comprehensive process that facilitates evidence-based entrepreneurship.

VentureLab emphasizes customer discovery, propelling faculty and students to engage with over a hundred potential customers and stakeholders to validate their business assumptions. This thorough process is often supported by funding opportunities such as the National Science Foundation I-Corps program and I-Corps South regional programs.

Startups at VentureLab might also benefit from grant funding and equity investments courtesy of resources like the Georgia Research Alliance, as well as federal grants through NSF PFI: AIR-TT and SBIR/STTR programs. Moreover, they have established close connections with angel investors and venture capital firms in Atlanta and beyond, aiming to help startups scale at the right time.

Notably, VentureLab distinguishes itself by not charging fees or taking equity stakes in the companies they assist. This policy underscores their commitment to serving Georgia Tech's mission of driving innovation to market.

Interested parties are encouraged to explore their portfolio of companies, meet their team composed of engineers and entrepreneurs, and reach out for guidance, funding, and best practices in startup development.