Georgia Tech Integrated Program for Startups (GT:IPS®)
Do you want to create a new startup company? The Office of Industry Engagement developed the Georgia Tech Integrated Program for Startups (GT:IPS®) to help Georgia Tech faculty, staff, and student entrepreneurs jump-start the process. This program provides the support needed to launch companies based on Georgia Tech intellectual property. Throughout the training, participants will develop the skills required to effectively plan and launch a business. In addition, participants who successfully complete the program are eligible for GT:IPS® licensing of Georgia Tech technologies. A GT:IPS® license is an express license that eliminates the negotiating process, dramatically reducing the time required to finalize a licensing deal. GT:IPS® licensees also have access to the best commercially reasonable terms that GTRC can provide.
The curriculum covers a diverse range of topics, including:
- Making an “elevator pitch”
- Developing a business plan
- Constructing a management team
- Fundraising via the equity markets or SBIR/STTRs
- “Anatomy” of a license
- Patent primer
- Legal aspects of agreements (e.g., consulting, non-competes, proprietary information, employees, shareholders)
- Conflict of interest
- Use of campus resources
At the end of the program, participants interested in pursuing a GT:IPS® license will pitch their business to the Office of Industry Engagement. Participants must present a vetted business plan, approved management plan, overview of the management team, conflict of interest declaration, and a list of potential funding sources.
The GT:IPS® license is available only to Georgia Tech faculty, staff, and student entrepreneurs and is completely optional. For those electing the GT:IPS® license, founders must complete four required classes and two electives classes offered in the GT:IPS® curriculum within 6 months.
GT:IPS® Required Classes
- Conflict of Interest
- The Business Opportunity
- Intellectual Property
- Company Creation
GT:IPS® Optional Electives
- Funding Options
- Consulting and other Restrictive Covenants
- Use of Georgia Tech Facilities
- Food and Drug Administration (FDA) Process
- Export Control
- Panel of Entrepreneurs
GT:IPS® companies founded by those completing GT:IPS® classes will benefit from a GT:IPS® license that represent the best commercially reasonable terms GTRC can provide.
For more information on GT:IPS®, please contact the Office of Industry Engagement.
Ready to register? View the course list and sign up for a GT:IPS® class (online registration available via the Office of Sponsored Programs).
Resources for Entrepreneurs/Startups
- Advanced Technology Development Center (ATDC): The Advanced Technology Development Center (ATDC) is a startup accelerator that helps technology entrepreneurs in Georgia launch and build successful companies.
- Flashpoint: Flashpoint is a startup accelerator program at Georgia Tech. Flashpoint offers entrepreneurial education and access to experienced mentors, experts, and investors in an exciting, immersive, shared-learning, open workspace.
- VentureLab: VentureLab is Georgia Tech’s comprehensive center for technology commercialization, open to all faculty, research staff, and students who want to form startup companies based upon their research.
- Small Business Innovation Research/Small Business Technology Transfer (SBIR/STTR): The federal SBIR and STTR programs provide funding to small (under 500 employees), high-tech firms to take an innovative idea and potentially turn it into a commercial product.
GT:IPS® is a registered trademark of the Georgia Tech Research Corporation.