Prototype Prime, which opened a few days ago, is an energetic and collaborative incubator that offers inventors and entrepreneurs resources and tools for success. In partnership with ATDC at Georgia Tech and supported by the City of Peachtree Corners, PrototypePrime provides not only a physical office and maker space, but also educational series, mentors, venture capitalists and service providers to ensure successful, scalable startups.
The VIP grand opening gave attendees a chance to tour Gwinnett County’s first maker space, meet current and future tenants, and hear from Prototype Prime’s co-founders Sanjay Parekh and Mayor Mike Mason about their mission to launch more scalable tech startups that ignite economic development and strengthen local communities through innovation, education and job creation. The event was invite only and not opened to the public.
BMW Foundation recently became a sponsor of Prototype Prime and more sponsors are being sought. Law firm Foley & Lardner is providing teams with $50k in deferred legal services. The money spent is not due until the startup raises $500k or more in funding. Troutman Sanders is providing up to a $25k credit line with some additions. Teams get access to community hours where consulting with TS lawyers does not add to their bill. Troutman Sanders is also taking an office in Prototype Prime.