Creating a Culture of Innovative Research
In a time of changing national priorities in research funding, Georgia Tech is looked to as a leader in numerous areas ranging from biomedical advances to space exploration. This positions Georgia Tech well when funding decisions are made at the national level. Of the Institute’s $786 million in research expenditures during the past year, for the first time more than $100 million was industry funded. Our ability to form strong and lasting partnerships with government and industry, and our commitment to making Atlanta a national Innovation hub, position Georgia Tech as a leader in research.
Tech Square: Today, companies are leveraging the research capacity of research universities in urban neighborhoods. Tech Square is Georgia Tech’s vibrant, energetic, live-learn-work-play district where new startup ventures, large companies, and higher education collaborate to develop new technologies and promote and enhance economic development.
The newest addition to Tech Square will be the Coda building. It will house Georgia Tech’s high-performance computing center. The 750,000-square-foot, mixed-use project will become a magnet for corporations and startups alike, while serving as a state-of-the-art resource for breakthrough research. As such, it will help propel the region and Midtown Atlanta as one of the leading innovation ecosystems in the Southeast and the nation.
Partnering with peers and government: The future of STEM education and research is in partnerships: interdisciplinary collaboration, partnerships between universities, partnerships with government, and philanthropy. Georgia Tech’s campus reflects this. For any new facilities we’re building, we’re very purposeful about how they will be used.
Our Roger A. and Helen B. Krone Engineered Biosystems Building co-locates and integrates faculty and students from the Colleges of Engineering and Sciences and complements the Institute’s goal of developing solutions to some of society’s greatest challenges by spurring innovation and economic development in an interdisciplinary manner.
We partner with Children’s Healthcare of Atlanta and Emory University. The facility itself was built through a partnership between the state of Georgia, Institute funds, and philanthropy.
Partnering with Industry: During the past five years, corporations have opened more than 20 innovation and technology centers and labs in and around Tech Square, with still others in the planning stages. Companies such as Worldpay, Keysight Technologies, and NCR are attracted to Tech Square so that they can access the talent and technologies being developed and collaborate with Georgia Tech faculty, staff, and students. This — when coupled with the many startups fostered in the innovative, dynamic environment developed by the Advanced Technology Development Center (ATDC) and the Enterprise Innovation Institute (EI2), Georgia Tech’s chief economic development and business-outreach arm — has dramatically changed the face and culture of Midtown.
Economic Impact: Today, Georgia Tech’s impact extends throughout the state and across the region. In 2016, EI2 partners evaluated more than 200 technologies based on Georgia Tech research innovations, created or saved more than 16,000 jobs, generated more than $757 million in investments, and helped more than 1,200 manufacturers reduce operating costs and generate sales. In addition, ATDC companies in 2016 reported revenues totaling more than $274 million and served almost 2,000 Georgia entrepreneurs statewide.