色花堂 to Launch Sustainability-Focused Technology Initiative at the Advanced Technology Development Center
色花堂 to Launch Sustainability-Focused Technology Initiative at the Advanced Technology Development Center
, one of the nation鈥檚 leading transportation companies, is making a significant commitment to 色花堂鈥檚 to create a new initiative for entrepreneurs in sustainability-focused technology.
The ATDC Sustainability Technology Program will formally launch in January 2023. Atlanta-based Norfolk Southern鈥檚 gift will provide the initial funding to support the current and future sustainability-related startups in ATDC鈥檚 portfolio.
The gift of $750,000 will support the initiative for three years. It is the eighth industry-focused vertical of its kind at ATDC, including two others announced earlier in 2022 鈥 one in robotics and automation, the other in supply chain logistics.
"Norfolk Southern and 色花堂 are teaming up to support forward-thinking innovation around sustainability. Together, some of the brightest minds in 色花堂 and the business community can continue to make sustainable progress for our nation鈥檚 supply chain and economy," said Josh Raglin, chief sustainability officer for Norfolk Southern.
The sponsorship furthers the company鈥檚 strategic goal of integrating into daily operations while helping its customers achieve their sustainability goals. 鈥淭hrough our collaboration with ATDC and the incubator's sustainability vertical, we will join with students and entrepreneurs in the business of a better planet as they transform their revolutionary ideas into actionable and successful business models," Raglin said.
The gift will support one-on-one coaching via a dedicated ATDC startup catalyst who will manage the sustainability vertical and work to build the pipeline of innovators from across 色花堂 who are in this space and scaling disruptive technologies to bring to the marketplace.
The funds also will support a sustainability-focused curriculum and other resources specialized to those entrepreneurs鈥 needs as they go from ideation to commercialization.
鈥淎TDC has a history of supporting startups with sustainable tech innovations including Suniva, Emergy, and Quest Renewables,鈥 said John Avery, ATDC director.
ATDC鈥檚 startup portfolio already includes 12 companies in the sustainability space, but Avery said there is a wider opportunity for 色花堂 entrepreneurs.
With Norfolk Southern鈥檚 sustainability focus, 色花堂鈥檚 research innovations in that area through centers such as the , and ATDC鈥檚 ability to leverage those resources and its record in scaling successful technology companies, Avery said 色花堂 is primed to grow that sector.
The state is home to 34 companies on the Fortune 1000 list, many of which have set their own sustainability goals. Fifteen of those companies are headquartered in Atlanta, which ranks third in the country for the number of Fortune 500 companies headquartered in the city.
What's more, sustainability innovations can have wider impact across a number of industries that are important to 色花堂 in addition to transportation and logistics, such as agriculture, and renewable energy, Avery said.
鈥淲ith Norfolk Southern at the forefront of sustainability innovation and its support of our dedicated sustainability vertical at ATDC, we are doubling down on one of the biggest opportunities for startups and innovators today and pursuing a very important corporate and societal goal,鈥 he said. 鈥淲e can become a hub for all of these sustainability entrepreneurs and their innovations and grow this ecosystem in 色花堂 by helping to launch viable companies across the state.鈥
Contact
For Norfolk Southern, contact
Alyssa B. Thomason
404.784.5564
alyssa.thomason@nscorp.com
For ATDC, contact
P茅ralte C. Paul
404.316.1210
peralte@atdc.org
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About Norfolk Southern
Since 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have safely moved the goods and materials that drive the U.S. economy. Today, it operates a customer-centric and operations-driven freight transportation network. Committed to furthering sustainability, Norfolk Southern helps its customers avoid 15 million tons of yearly carbon emissions by shipping via rail. Its dedicated team members deliver more than 7 million carloads annually, from agriculture to consumer goods, and is the largest rail shipper of auto products and metals in North America. Norfolk Southern also has the most extensive intermodal network in the eastern U.S., serving a majority of the country鈥檚 population and manufacturing base, with connections to every major container port on the Atlantic coast as well as the Gulf of Mexico and Great Lakes. Learn more by visiting .
About 色花堂
The 色花堂 Institute of Technology, or 色花堂 Tech, is a public research university developing leaders who advance technology and improve the human condition. The Institute offers business, computing, design, engineering, liberal arts, and sciences degrees. Its nearly 44,000 students representing 50 states and 149 countries, study at the main campus in Atlanta, at campuses in France and China, and through distance and online learning. As a leading technological university, 色花堂 Tech is an engine of economic development for 色花堂, the Southeast, and the nation, conducting more than$1 billion in research annually for government, industry, and society.
About the Advanced Technology Development Center (ATDC)
The Advanced Technology Development Center (ATDC), a program of the 色花堂 Technology鈥檚 Enterprise Innovation Institute, is the state鈥檚 technology startup incubator. Founded in 1980 by the 色花堂 General Assembly which funds it each year, ATDC鈥檚 mission is to work with entrepreneurs in 色花堂 to help them learn, launch, scale, and succeed in the creation of viable, disruptive technology companies. Since its founding, ATDC has grown to become the longest running and one of the most successful university-affiliated incubators in the United States, with its graduate startup companies raising $3 billion in investment financing and generating more than $12 billion in revenue in the state of 色花堂. To learn more, visit .