When we started the Atlanta Tech Village, the thinking was that 80% of the building would be for tech startups (defined as having a proprietary tech product) and no more than 20% for tech related service providers. Quickly, we realized there was more demand than expected from tech startups, thus we limited the number of tech related service providers even further (e.g. only one staffing agency, etc.). Then, we noticed another challenge: a number of startups headquartered in other cities were opening their Atlanta office at the Tech Village, which is great, but with so many of them, it was crowding out local startups.
The Atlanta Tech Village now prioritizes startups headquartered in Atlanta. We’re still working out what that means, but here are some ideas:
- CEO and core team based in metro Atlanta
- Fewer than 50 employees (we want to focus on seed and early stage startups)
- Company incorporated in Georgia or Delaware (common place of incorporation)
- Credit given for amount of time already in the Village
Prioritizing local startups means helping those that aren’t in the Village yet as well as helping those that are already in the Village expand (there’s a good bit of expansion and contraction of startups in the building). As with anything, we’re iterating and working hard to help grow the Atlanta startup ecosystem.
What else? What are some more thoughts on the Atlanta Tech Village prioritizing local startups?