has announced that the Advanced Technology Development Center (ATDC)
—Georgia’s technology incubator—has accepted LBA Ware into its ATDC Signature portfolio. As an ATDC Signature company, LBA Ware will have access to ATDC coaching and programming, potential investment capital and additional resources from the Georgia Institute of Technology, including intellectual property and talent.
LBA Ware is the first Macon startup to be accepted into ATDC Signature. The company also is in the financial technology (FinTech) space, a sector of particular focus at ATDC. In 2015, Worldpay U.S. made a $1 million gift to Georgia Tech to create a FinTech program at ATDC.
“Being part of ATDC has been invaluable to LBA Ware’s success, and with the promotion from ATDC Accelerate to ATDC Signature, our potential for additional growth only increases,” said Lori Brewer, Founder and President of LBA Ware. “Moving to the next stage of incubation also validates the ability of our CompenSafe and LOS Talker solutions to improve back-office efficiency for mortgage lenders, and we look forward to extending the reach of LBA Ware’s solutions in the market, using the additional resources we will now have at our disposal.”
ATDC Signature is a metrics-driven and milestones-based program for companies with transformative technology or life sciences products. Companies accepted into the ATDC Signature program must be located in or willing to relocate to Georgia and support ATDC’s goal of bringing economic value to Georgia. Entry into the program is by invitation only.
“As Georgia’s technology incubator, we are focused on helping to develop and support tech-oriented startup ecosystems across the state,” said Jeff Gapusan, ATDC’s FinTech Catalyst. “The company has a promising technology that serves a market need. Financial institutions continue to adapt to changing consumer demands and a stringent regulatory and compliance framework, and LBA Ware ensures they are able to do so. We’re excited to welcome our first Macon-based startup.”