Austin, Texas (PRWEB) January 19, 2012
One week from today, the Austin Technology Incubator (ATI), a not-for-profit unit of the IC2 Institute of The University of Texas at Austin (UT), will host a graduation and alumni event to celebrate more than two decades of incubating Central Texas technology companies. On January 26, at the AT&T Executive Education and Conference Center at The University of Texas at Austin, ATI will recognize the “graduation” of 21 companies who have moved on from ATI over the past few years. ATI will also announce the winner of the Laura J Kilcrease Civic Entrepreneurship Award. And, for the first time in many years, ATI will bring together over 300 of the hundreds of technology influencers who have been part of the ATI family as executives of portfolio companies, advisors, investors, business partners, UT student interns, and ATI staff. This alumni gathering will celebrate the community that ATI has created and hundreds of amazing business successes ATI has had a hand in.
Begun in 1989 by founder Dr. George Kozmetsky, and first directed by Laura Kilcrease, over more than two decades, ATI has worked with over 200 start-up companies, helping them raise close to $1 billion in capital. In just the past three years, the period in which the graduating companies were part of ATI, 50 member companies received over $75 million in funding, and ATI alumni companies had over $300 million in positive exits through acquisitions by large technology players such as IBM and BMC.
In this era of for-profit incubators, often created and profited by venture capital firms, ATI as a non-profit and part of the University of Texas, is unique. It also serves as the godfather of today’s incubators, having “been there, done that” – very successfully – for years longer than more recent incubators.
“It has been overdue to take a moment to recognize the amazing companies who have been part of ATI the past few years, and have graduated our program to pursue bigger and better things,” said Isaac Barchas, Director, ATI. “But we deliberately waited to also bring together the extended ATI community and the alumni from years past. We are so excited about the January 26 evening, an opportunity to gather 22 years worth of extremely impressive Central Texas fire power. Just the idea of the innovation and business success collectively in one room humbles me.”
The 21 companies to be honored as ATI graduates on January 26 include businesses focused on information technology, wireless, clean energy, and biosciences technology. They are:
- Agile Planet
- Dorsan Biofuels
- Firefly LED Lighting
- Ideal Power Converters
- Notice Technologies
- RRE Solar
- Savara Pharmaceuticals
- Unwired Nation
Beyond recognizing these companies and their amazing successes, the evening will also announce the winner of the Laura J Kilcrease Civic Entrepreneurship Award, an award given in the past to Austin area influencers such as Pike Powers, Lee Walker and Governor Rick Perry.
Press interested in attending the January 26th event and/or speaking with executives from ATI or the graduating companies can contact Laura Beck at 512-786-1098 or laurabeckcahoon(at)gmail(dot)com.
The Austin Technology Incubator is a not-for-profit unit of the IC2 Institute of The University of Texas at Austin that harnesses business, government and academic resources to provide strategic counsel, operational guidance and infrastructure support to its member companies to help them transition from early stage ventures to successful technology businesses. Since its founding in 1989, ATI has worked with hundreds of companies, helping raise close to $1 billion in investor capital. For more information, visit http://www.ati.utexas.edu.
Laura Beck for ATI
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