Georgia technology market leaders believe that Georgia has a strong knowledge culture that serves as an information exchange to advance the innovation economy. However, while improving, leaders remain lukewarm to the state’s support of promoting start-ups, commercializing applied research, large technology firms serving as innovation anchors, and the ability to create a culture that appeals to the emerging workforce.
Georgia possesses many strengths that enable it to foster innovation in its key markets:
- Focus on advancing new technologies (AI, Machine Learning)
- Strong innovation hubs – e.g., FinTech, IoT, Healthcare IT
- Incubation/start-up centers
- Athens: fostering the start-up community
- Augusta: Cyber and Medical Technology focus
- Savannah: Focus on media and entertainment: gaming/ animation; SCAD incubation for gaming/virtual reality/augmented reality
Georgia must continue to focus on building a relevant action plan to resolve the following perceived weaknesses to creating an environment for innovation:
- Atlanta – diverse sources of capital; keep top talent, deal with transportation/mobility issues
- Columbus – stronger labor pool; less conservative investment mentality
- Augusta – attracting and keeping top talent
Savannah – need to create critical mass; lack of major research university; true incubators.