The Austin Technology Incubator is a business incubator in the IC2 Institute at the University of Texas-Austin. ATI was founded in 1989 by former UT Business School Dean and the founder of Teledyne (NYSE: TDY) George Kozmetsky.
ATI harnesses business, government, and academic resources to provide strategic counsel, operational guidance, and infrastructure support to its member companies to help them transition into successful, high growth technology businesses. In other words, ATI offers more than just physical space where entrepreneurs congregate. Rather, the staff at ATI gets their hands dirty, working one-on-one with startups helping them hone their pitches and business plans, hire synergistic teams, get in front of investors, and, most importantly, get funded.
Our main goal is to get companies ready to compete successfully in the capital markets. Here’s how we’ve done over the years:
- ATI graduates have raised more than $270M since 2008; including the “Great Recession.”
- 85% of ATI’s 2012 graduating class received funding.
- Over 40% of all Central Texas Emerging Technology Fund (ETF) grants have gone to ATI companies.
No. Although we are a part of the University of Texas, there is no requirement that your company has any connection to the University.
ATI doesn’t provide direct funding to member companies. We provide startups access to talent they couldn’t otherwise afford and position them for success when they do seek funding.
ATI does require a 1% stake in each company that is accepted, but the company can assign the equity to the charity of their choice.
This varies with each company. Our goal is to get our member companies funded and once we’ve accomplished this they typically ‘graduate’ from ATI.
We are highly selective, typically accepting only 8% of the companies that apply each year.