The incubator space offers unique features including a design and development lab and custom-built podcast recording room.
In 2015, the City of Peachtree Corners worked with Georgia Tech’s Enterprise Innovation Institute to investigate the community’s readiness for a startup incubator program, and what they found was hundreds of excited, eager entrepreneurs, business owners, investors, community leaders, and citizens ready to support establishing a startup incubator in Peachtree Corners.
In response to this demand, the City of Peachtree Corners partnered with Georgia Tech’s Advanced Technology Development Center (ATDC) to offer its nationally-recognized education and resources for the city’s startups. The development of the Peachtree Corners incubator will not only help support early startups but also encourage those entrepreneurs to stay in the same community, creating jobs and increasing local sales revenue.
The new incubator, Prototype Prime, is located in space directly below City Hall; renovations are expected to be complete in September. The incubator will provide space that will offer access to education, tools, venture capitalists and more to help entrepreneurs launch and scale their startups.
The main goal of an incubator is to produce successful firms which have the potential to create jobs, revitalize neighborhoods and strengthen local economies. And investing in an incubator service can provide real returns. A 2007 study by the Maryland Technology Development Corporation, shows that incubators in that state also generated approximately $1.2 billion in gross state product and $100 million in state and local tax revenue.
The new incubator will be located in Technology Park which was established in the 1970s and ‘80s and has been considered a hub for innovators. Find more information on the Prototype Prime website and follow on Twitter @prototypeprime
Prototype Prime is located at 147 Technology Parkway, Suite 100 in Peachtree Corners, GA 30092.