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Common Stock Not: Why do the Atlanta Technology Angels invest?

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Fortune Small Business: Atlanta has the highest rate of entrepreneurial activity of any large city; 430 out of every 100,000 adults have started a business.

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I asked about governance in the biotech industry in Atlanta. The answer: "Nobody knows who govern the biotech ecosystem... In fact [thinking a bit more], big pharma and universities do that".

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Charlie Paparelli writting about the Atlanta’s Startup Ecosystem: The Atlanta Nest.

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Atlanta's biotech startup ecosystem (2)
This is a new version of the so called "startup ecosystem" in the biotech industry in Atlanta. In fact, this is a simplification, because I am only listing organizations and not relationships nor programs nor activities developed by them.
Since I could not find any source of information where this ecosystem is defined, I decided to build its structure by myself. This is helpful for my research at Georgia Tech.
Here is an updated version of the organizations participating in the ecosystem (still unfinished). I am not sure to use a functional classification like this one, but I suppose it is a good start:

- Entrepreneurs / faculty / scientists.

- Universities:
Georgia Institute of Technology
Emory University
Georgia State University
The University of Georgia
Medical College of Georgia

- Funding organizations (business angels, venture capital firms, grants):
SBIR Georgia
ATDC Seed Capital Fund
Georgia Research Alliance Innovation Fund

- Incubators:
Advanced Technology Development Center
Emtech Bio (2000)
The Georgia BioBusiness Center (2000)
Life Sciences Business Development Center and Innovation Center

- Industry organizations:
Metro Atlanta Chamber of Commerce
Metro Atlanta Bioscience Council (part of the Chamber of Commerce)

- "One-stop" centers:
Georgia Tech VentureLab

- "Catalyst" organizations:
Georgia Centers of Innovation
Georgia Research Alliance (1990)
Georgia Biomedical Partnership (1989)
Center for Biotechnology and Drug Design (1994)

All these organizations claim participation in the Atlanta's biotech startup ecosystem, even though I could not establish clearly yet the different patterns of participation of each one.
Feel free to contact me for corrections or suggestions. I hope I will provide a more complete description in a few days. Thanks.

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Atlanta's biotech startup ecosystem
I was browsing the web searching for more information about the so called "startup ecosystem" in the biotech industry, particularly in Atlanta. The idea to add here all the components of this ecosystem, it will be useful for future reference in my work (my del.icio.us is getting very disorganized).
Here is the list (unfinished):

- Entrepreneurs / scientists (not necessarily the same individual has both roles).

- Universities:
Georgia Institute of Technology
Emory University
Georgia State University
The University of Georgia

- Funding organizations: business angels, venture capital firms, grants.
For example:
SBIR Georgia
ATDC Seed Capital Fund
Georgia Research Alliance Innovation Fund

- Incubators:
Advanced Technology Development Center
Emtech Bio

- "One-stop" centers:
Georgia Tech VentureLab

- "Catalyst" organizations:
Georgia Centers of Innovation
Georgia Research Alliance

Is not easy to categorize some organizations, because they develop several functions at the same time and with a different emphasis.
Feel free to contact me for corrections or suggestions. I hope I will provide a more complete list in a few days. Thanks.

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