Madison: Good news for anyone who had a court date set in the City of Atlanta during the cyberattack—you won’t receive a Failure to Appear mark on your record if you didn’t show.
The city has issued several court updates after slowly recovering from the ransomware attack in March. As IT restoration continues, residents will now be able to start paying their tickets and attending their rescheduled court appearances. Check out the updates here.
Now, before you head down to traffic court and brave today’s gusty winds, let’s drop a Beat…
The Big One
A breakdown on the day’s biggest Inno story.
Why Atlanta is Where Entrepreneurs Want to Be
You know just as well as we do that Atlanta’s startup ecosystem is booming. That’s why we’re able to bring you the Beat every day with new content on tech, startups and innovation in the ecosystem (btw, have you told your friends and family to sign up?).
Today, we had Accenture Ventures Managing Director Mike Redding write a guest post about five reasons why Atlanta is where entrepreneurs want to be. Mike, take it away.
Mike: Atlanta’s startup community is thriving, producing successful new businesses across a variety of sectors: fintech, healthcare, digital security and entertainment, to name just a few.
So, what makes the climate in Atlanta so vibrant? What advantages does Atlanta have over other cities for new businesses? For starters, many large companies and the world’s busiest airport call Atlanta home, along with an established network of successful entrepreneurs. Atlanta boasts other advantages that aspiring entrepreneurs should consider and leverage as they work to bring their dreams to reality:
- Atlanta has the ecosystem to help you get off the ground.
Incubators, accelerators, mentors, seed funding. New businesses need help. There are plenty of places around Atlanta to get that needed assistance to hit the ground running. And since businesses that work through an incubator or accelerator improve their chances for success, it pays to do your homework. Founded in 1980, ATDC(the Advanced Technology Development Center) at Georgia Tech is probably the best-known incubator in Atlanta, but there are plenty of others: Atlanta Tech Village, Switchyards and Atlanta Tech Park, among others.
TIP: Make sure you are up to date on all of the incubators and accelerators based locally. Atlanta Inno recently published this list, which will help you get started.
- B2B VCs are geographically agnostic, but VC support in Atlanta is growing.
You may think that you have to pack up and go to Silicon Valley to succeed, but the truth is that venture capitalists don’t care where you are. They do care that you have a good product or solution and successful track record. That said, there are a number of VCs based in Atlanta: Atlanta Ventures, BIP Capital and Moseley Ventures, to name just a few. VC activity in Atlanta has been brisk of late, with more money coming in to support startups since before 2000. So, if you have a great idea, chances are, you can get access to the funding you need, either locally or from another source.
TIP: Get to know our local ecosystem, but focus on building a funding pipeline and solid revenue so you can be more attractive to other VCs. That means first and foremost, build something that people want.
[To read more about Atlanta’s tech ecosystem, why the city is the best place for entrepreneurs and more, click here]
Inside the people, companies and organizations making moves today.
Terminus Starts Tremendous Expansion
Atlanta-based startup Terminus has announced plans for a $10M expansion that is projected to create 150 new jobs in the next few years. The company focuses on targeting, engaging and growing marketing and sales for B2B marketers. The firm has raised $20M in VC and is reportedly valued at about $100M.
CREATE-X Names New Associate Director
CREATE-X, a faculty-led initiative at Georgia Tech focused on helping students gain confidence in the entrepreneurial world and launch their own startups, announced earlier today a new associate director of the program and professor of the practice in the College of Engineering: Atlanta business leader and venture capitalist Greg Foster. Foster will oversee Startup Launch, the final phase of CREATE-X, where students receive mentorship, $20K in seed funds and other resources to help bring their startups to market.