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Engage!
Mentorship program for startups launches in Atlanta
Atlanta Mayor Kasim Reed, the
Georgia Institute of Technology and
the CEOs of 10 of Atlanta’s leading
corporations recently announced the
launch of Engage, a mentorship-driven
accelerator program and venture fund.
The Atlanta-based Engage accelerator
is open to startups across the country, with
a focus placed on mentoring and market
access strategies. Applications will be
available in early 2017, with programming
scheduled to begin in the spring. Up to 48
startups could go through the program in
the first three years.
The founding companies contributing
capital, expertise, time and resources
in support of Engage include AT&T,
Chick-fil-A, Cox Enterprises, Delta Air
Lines, Georgia-Pacific, Georgia Power,
Intercontinental Exchange (ICE), Invesco
Ltd., The Elome Depot and UPS.
Executives from these firms will serve
as mentors to the companies receiving
financial support from Engage.
Reed proposed the fund following his
2013 visit to Silicon Valley, where he met
with venture capital funders and tech sector
entrepreneurs.
“Atlanta is the Southeast’s technology,
innovation and entrepreneurship capital,
with the third-largest concentration of
Fortune 500 companies in the country,”
said Reed. “We must take advantage of
these unique assets to further stimulate
our growing ecosystem of start-ups and
growth-stage companies, connecting them
to capital, talent and mentorship. This
new venture fund and accelerator program
will offer an unmatched opportunity for
entrepreneurs in Atlanta and the region,
and I am confident its success will lead
to greater interest and investment in our
emerging technology companies.”
The 10 corporations have committed a
total of $ 15 million to the venture fund and
will actively support the accelerator through
mentoring, education and collaboration.
Engage will offer programming and other
services through its affiliation with the
Advanced Technology Development Center
(ATDC), which was established at Georgia
Tech by the state of Georgia in 1980 to
launch and build technology companies.
Following the trip to Silicon Valley,
Reed asked for the support of the
Atlanta Committee for Progress (ACP), a
coalition of leading CEOs and university
presidents which supports important
mayoral initiatives. The ACP focuses on
critical issues facing the city, and one of
its key priorities is furthering Atlanta’s
development as a leading technology
hub with increased access to funding
for startups in the area. In addition to
getting direct support from the founding
companies, Engage entrepreneurs will be
connected to more than 30 companies that
are ACP members.
For more information about Engage,
visit engage.vc. m
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AtlantalNtownPaper.com
February 2017 IlNtown 19