After ten years since its formation, GRA’s VentureLab has shown success and opportunities to enhance its program. Recently discussed at the June 3 board meeting, GRA plans to release some new developments for its commercialization program.
Audit: Public-Private VC has good record
June 7, 2013
Atlanta Business Chronicle Print Edition
Maria Saporta, Contributing Writer
After launching its venture capital effort — VentureLab — a decade ago, the Georgia Research Alliance and the Georgia Department of Audits and Accounts have concluded that the track record is quite good.
About 71 percent of the companies that have participated in GRA’s VentureLab since 2002 are still doing business in Georgia, while 29 percent are inactive. The survival rate of 133 VentureLab companies compares favorably to the survival rate of startup companies nationally, according to the Georgia Department of Audits.
As of September 2012, 87 percent of VentureLab companies survived to a second year compared with 67 percent … Read full Atlanta Business Chronicle article>
