VentureLab is a technology commercialization project launched at Georgia Tech

Georgia Institute of Technology

The Georgia Institute of Technology is a public research university in Atlanta, Georgia, in the United States...

 in 2001. It has since been adopted by the Georgia Research Alliance

Georgia Research Alliance

The Georgia Research Alliance is an Atlanta, Georgia-based nonprofit organization that coordinates research efforts between Georgia's public and private sectors.-External links:* * at the New Georgia Encyclopedia...

 for other research universities in the state of Georgia

Georgia (U.S. state)

Georgia is a state located in the southeastern United States. It was established in 1732, the last of the original Thirteen Colonies. The state is named after King George II of Great Britain. Georgia was the fourth state to ratify the United States Constitution, on January 2, 1788...

. VentureLab provides comprehensive assistance to Georgia Tech faculty members, research staff members and graduate students who want to form startup companies to commercialize the technology innovations they have developed.

VentureLab transforms innovations into early-stage companies by assisting in business plan

Business plan

A business plan is a formal statement of a set of business goals, the reasons why they are believed attainable, and the plan for reaching those goals. It may also contain background information about the organization or team attempting to reach those goals....

 development, connecting the innovators with experienced entrepreneur

Entrepreneur

An entrepreneur is an owner or manager of a business enterprise who makes money through risk and initiative.The term was originally a loanword from French and was first defined by the Irish-French economist Richard Cantillon. Entrepreneur in English is a term applied to a person who is willing to...

s, locating sources of early-stage financing, and preparing the new companies for the business world. Graduates of the VentureLab program may apply for admission to the Advanced Technology Development Center

Advanced Technology Development Center

The Advanced Technology Development Center is a science and business incubator in Georgia. It is part of the Enterprise Innovation Institute at the Georgia Institute of Technology, and is headquartered in Technology Square. ATDC was formed in 1980 to stimulate growth in Georgia's technology...

 (ATDC), also a unit of the Enterprise Innovation Institute, an incubator operated by Georgia Tech and Emory University

Emory University

Emory University is a private research university in metropolitan Atlanta, located in the Druid Hills section of unincorporated DeKalb County, Georgia, United States. The university was founded as Emory College in 1836 in Oxford, Georgia by a small group of Methodists and was named in honor of...

.