Key Takeaways
- • Georgia Research Alliance (GRA) reports that every $1 the State of Georgia has invested in university start-ups since 2003 has produced $37 in outside venture capital investment.
- • The GRA portfolio of 226 start-ups and projects, with data updated through the end of 2021, has attracted more than $2 billion in venture capital.
- • Eighty-eight percent of the 226 portfolio companies were still in business four years after launch, versus a national average of 44 percent over the same period.
- • The portfolio companies employ 1,710 professionals, generated more than $153 million in revenue over the year, and attracted more than $37 million in public and private grants.
- • GRA invests at an early stage, when university researchers have shown proof of concept, and six out of 10 GRA-supported projects go on to become start-up companies.
Summary
The Georgia Research Alliance (GRA) has reported that its investments in university-derived inventions have generated substantial returns for the state. According to the organization's recent announcement, every $1 the State of Georgia has invested in university start-ups through GRA since 2003 has produced $37 in outside venture capital investment, as reported by Teknovation.biz.
The figures, updated through the end of 2021, cover 226 start-ups and projects currently in the GRA portfolio. Those companies have collectively attracted more than $2 billion in venture capital, flowing to a portfolio of Georgia start-up enterprises formed around university inventions.
The portfolio also shows strong operating durability. Eighty-eight percent of the 226 companies were still in business four years after launch, compared with a national average of 44 percent over the same period. The companies employ 1,710 professionals and generated more than $153 million in revenue over the year. They also attracted more than $37 million in public and private grants.
GRA's investments occur at a very early stage, when university researchers have demonstrated proof of concept but still need to show market viability. Six out of 10 projects receiving GRA investment go on to become start-up companies, according to the announcement.
The figures, updated through the end of 2021, cover 226 start-ups and projects currently in the GRA portfolio. Those companies have collectively attracted more than $2 billion in venture capital, flowing to a portfolio of Georgia start-up enterprises formed around university inventions.
The portfolio also shows strong operating durability. Eighty-eight percent of the 226 companies were still in business four years after launch, compared with a national average of 44 percent over the same period. The companies employ 1,710 professionals and generated more than $153 million in revenue over the year. They also attracted more than $37 million in public and private grants.
GRA's investments occur at a very early stage, when university researchers have demonstrated proof of concept but still need to show market viability. Six out of 10 projects receiving GRA investment go on to become start-up companies, according to the announcement.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.