With Georgia leading the nation in new business startups, a new kind of small business incubator will launch with ribbon-cutting ceremonies on Tuesday, August 9, 2011 to serve the need for more and better small-business growth and job creation throughout the state.
The Alpharetta Accelerator has been designed by its principals to offer multiple new services to its clients, unlike other small business incubators. The services include a 75-member Board of Advisors; access to the soon-to-be-established $10 million Alpharetta Seed Capital Fund; and preferred access to the Atlanta Gathering of Angels, a group of accredited investors that meets twice monthly. The Gathering of Angels group has found capital for more than 375 young companies since it was founded in 1996 by Tarby Bryant, one of the managing partners of the Accelerator.
The Accelerator will be located at 221 Roswell Street in downtown Alpharetta, Georgia, in what the principals call full service, state-of-the-art and best of breed facilities complete with unlimited free parking and neighborhood amenities. It will comprise the entire first floor of the building which is the headquarters of Staffing Technologies Worldwide, a privately-held $60 million international technological staffing company owned by Jim McNabb, another managing partner of the Alpharetta Accelerator.
Seasoned investment banker Christine Kieffer will join Bryant and McNabb as a partner in the Alpharetta Seed Capital Fund. Kieffer, also a member of the Alpharetta Accelerator Board of Advisors, currently serves as managing partner of Concept III International, a private equity business catalyst focused on the areas of high technology, commercial real estate, sports marketing and fine arts.
Bryant, McNabb and Kieffer describe their new venture as “a small business incubator on steroids.”
“We are re-inventing the small business incubator. We are a true accelerator, a cross between a small business incubator, a small, personal Silicon Valley venture capital firm, and a firm like Accenture, Capgemini or Bain & Company. We bring seasoned senior talent with industry specific expertise, convenient working space, seed- and early-stage capital to our clients at a better value than they could get elsewhere,” said Bryant, a finance executive with 40 years of deal-making, profit and loss and cash flow experience including as CEO of the Atlanta Economic Development Corporation (AEDC).
“What makes us truly unique is the our Board of Advisors, access to capital through our unique connections to the Atlanta Gathering of Angels and the coming Alpharetta Seed Capital Fund. We can help up to 15 companies per year launch successful, young, job-creating and profitable businesses, primarily in the Greater Atlanta area,” according to McNabb, whose Staffing Technologies serves clients such as AT&T, Hewlett-Packard, The Home Depot, and Accenture through offices in Atlanta, Dallas, Seattle and Singapore.
“We plan to be actively involved with each of our Accelerator clients and their respective management teams. Each client will be assigned five members of the Board, depending on their specific industry expertise and client needs. We hope to be the ‘Cirque de Soleil’ of small business incubators by reinventing the category and unlocking new, uncontested market space as did Southwest Airlines, NetJets, Yellowtail Wines, Lexus, Bloomberg, Starbucks and The Home Depot,” said Bryant.
“I am excited about serving as a partner in the Alpharetta Seed Capital Fund and on the Accelerator’s Board of Advisors. This is a great opportunity to be of assistance and guidance to Alpharetta Accelerator clients when they need it most and to give them the benefit of my industry expertise, contacts in the Silicon Valley and my sources of capital worldwide,” said Kieffer.
Persons interested in serving on the Accelerator’s Board of Advisors or participating as clients of the Accelerator should call 678-338-2040 or go to www.AlpharettaAccelerator.com for more information.