TiE Atlanta Announces Initiative to Ignite Growth in Atlanta Business Community

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Atlanta Council of Directors (ACOD) matches promising entrepreneurs with seasoned advisory board members to enhance success

The Atlanta chapter of TiE, a global, not-for-profit organization created for the advancement of entrepreneurship, this week announced the launch of the Atlanta Council of Directors (ACOD). The primary objective of ACOD is to help entrepreneurs – those with high potential, small- to mid-market sized companies with no formal board of directors – by providing executive-level guidance to further enhance the value of their business.

Successful current and former senior-level executives are matched to entrepreneurs through ACOD for a period of three years, and help promising companies address specific growth issues by offering strategic solutions. “There’s a wealth of business experience in Atlanta,” said C.N. ‘Madhu’ Madhusudan, president of TiE Atlanta. “With ACOD, we are able to tap into that well of existing knowledge to help talented entrepreneurs accelerate their business along a well-defined, proven path.”

ACOD goes beyond typical networking functions, offering a deeper relationship between entrepreneurs and business advisors that focuses on reaching specific goals. “Unlike existing for-profit programs and informal mentoring organizations, ACOD provides consistent, formalized strategic direction and mentoring,” said Karen Robinson Cope, chairperson and founder of the ACOD initiative. “ACOD exists for the entrepreneur, with the added and intended benefit of positively impacting the economic health of the community in which we do business.”

Interested companies must complete an application process and be selected as portfolio partners. To meet criteria, the business must be based in Atlanta, have been in operation for a minimum of three years, have revenues of $5 million to $150 million, have no more than 500 employees and no formal board of directors. The first of ACOD’s portfolio companies will be announced at a formal gathering later this month.

About TiE
TiE is a global, not-for-profit organization created for the advancement of entrepreneurship. TiE has grown to become the world's largest not-for-profit organization for entrepreneurs with fifty-seven chapters in fifteen countries and membership exceeding 13,000 members worldwide. TiE’s mission is to foster entrepreneurship and nurture entrepreneurs; provide a networking platform for its members; and help members integrate with the mainstream community. At TiE, Talent, ideas and Enterprise define the core values in building the Entrepreneurial Ecosystem. For more information, please go to http://www.tie.org.

About TiE Atlanta
The TiE Atlanta chapter was established in 1999. It has consistently grown in size and in regional importance with about 600 regular members and over 80 charter members (mentors). TiE membership is open to all with the explicit goal to support entrepreneurs and entrepreneurial thinking. For more information:

http://www.atlanta.tie.org
http://www.atlanta-cod.org

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