Georgia Research Alliance 2010 Annual Report
/Extracted 20MAY2011 http://www.gra.org/Home.aspx
New discoveries and inventions deserve every chance to be widely used. GRA’s VentureLab program provides that chance by helping universities move the best technologies out of the lab and into the marketplace. To ensure that question can be answered, GRA adds a third input to its economic growth engine – investment in commercialization.
GRA Venture Fund LLC made its first investment this year – $820,000 in Damballa, maker of software that detects and stops attacks against computer networks. The investment was part of a round of capital investment totaling $9 million in 2010. Built on technology invented at Georgia Tech, Damballa has grown to more than 50 employees.
Every grant to support a scientist’s work is an endorsement of the potential of that work. In 2010, research efforts with ties to GRA generated some $200 million in federal grants – all of which will propel scientific questions towards new answers.