As the pandemic led people
to move away from cities
with higher cost of living,
Atlanta has seen an influx
of new people.
abundant for a
non-traditional tech hub
Atlanta has plenty of
opportunities for founders
to gain investments in
Venture capital investments
in biotech and life sciences
are growing quickly.
The opportunities for
connections are growing.
"Hot founders that could be in Silicon Valley, Boston or New York are choosing Atlanta. It’s cheaper, the climate is great, and it’s a very collaborative ecosystem."
With sunshine and low cost-of-living, Atlanta has become a hot spot amid the COVID-19 pandemic. That’s led to an influx of tech talent.
"There continues to be a misconception that there is no capital here. There is capital here. There is also access to capital here. If you’re working with young founders, send them to Venture Atlanta, we’re handing them a free opportunity to get access to capital."
Early stage funding is always a big issue for founders, particularly in non-traditional tech hubs. Yet Atlanta has ample funding opportunities for a smaller ecosystem.
Life Sciences Industries
"Atlanta is actually in the top 10 for emerging clusters for biotechnology and life sciences, which is a first in a long time. There is a lot of research and startup activity around that. There is a lot of exciting activity going on in that space."
Atlanta’s bioscience sector is growing at a torrid pace as statewide venture capital investments in the sector grew from $146 million in 2018 to $254.4 million in 2019 — a rise of 74%.
"Startups need lots of different kinds of help as they grow and we’ve got so much of that good stuff in Atlanta but we’re not good at helping startups find what’s next on their path."
Some in the Atlanta ecosystem want more cohesion in how Atlanta’s accelerators, bootcamps, and other entrepreneurship programs work together. Startups should smoothly transition from one program to another based on which matches best with the company’s development.
"There is a huge opportunity to help people get welcomed to the city and understand the landscape — but more importantly help to define a vision for the Atlanta startup ecosystem for the next three, five, or 10 years. Communication, management, vision, and leadership are key."
People moving to Atlanta may not understand how to navigate the city’s startup and business communities. The city needs to welcome newcomers, develop more coordination between programs, and empower them to put their own stamp on the startup ecosystem.
Amplify 4 Good and Goodie Nation
Womack is Atlanta’s super connector and many wonder if he ever sleeps. His company Goodie Nation is a national support nonprofit that is closing the relationship gap for tech-focused social entrepreneurs and diverse founders. Another venture is Amplify 4 Good, a mission-driven agency that uses rapid problem-solving to help large companies, nonprofits, and government agencies create social impact. His goal is to positively influence 1 billion people by 2039.
A longtime journalist, Tinuoye launched UrbanGeekz, a tech blog focused on covering content from a diverse and multicultural perspective. She he has appeared on MSNBC and Arise News, and her writing has been featured in The Daily Mail, London’s Evening Standard, and Ebony.com. She was named one of Crunchbase's 25 Black Entrepreneurs Making Waves.
in your startup community?
|45%||Early Stage Funding|
|27%||Connections to Corporations|
|14%||Sharing Success Stories|
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