the wireless business accelerator
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the wireless business accelerator |
AUSTIN TECHNOLOGY INCUBATOR ADDS INNOVENT, AN ENTREPRENEURIAL INNOVATION UNIT IN NOKIA TO ADVISORY BOARD Austin, TX (September 23, 2005) – The Austin Technology Incubator (ATI), a business incubator providing resources and professional services to assist its technology startups to compete in the global marketplace today announced that Innovent, an entrepreneurial innovation unit in Nokia has joined the ATI. “We are pleased to welcome Innovent to our community,” said Erin Defosse, Director, I.T. and Wireless Division, of the ATI. “We share a common commitment to supporting early stage entrepreneurs working to commercialize technologies that will impact the future of how we connect to each other and our world around us.” As part of the arrangement, Stephanie Keller-Bottom, Director of Innovent joins the Advisory Board of the ATI, bringing ATI and its portfolio companies the perspective of a world leader in mobile communications. ATI advises early-stage, high-risk companies and provides the necessary assistance to help their technology-based ventures succeed. ATI, a strategic partnership of industry, government, and The University of Texas at Austin, works with a variety of investors, a know-how network of professional service providers, outside industry experts, and others, for the benefit of its member companies. ATI has incubated 150 companies that combined have created over 3,000 direct jobs and 7,000 indirect ones, raised over $720M in capital, and generated over $1.5B in revenue. Four of these have reached the public markets. “Entrepreneurial innovation plays an important role in shaping the future – creating new business opportunities and orchestrating new markets. Austin has a vibrant entrepreneurial community and ATI has a proven track record of supporting entrepreneurs in the commercialization of their ideas,” said Stephanie Keller-Bottom, Director of Innovent. ”Partnering with the ATI provides Innovent an opportunity to connect with entrepreneurs developing leading edge solutions that have the potential to shape the future of communications. We look forward to becoming a member of this community to support ATI and its portfolio companies.” About the ATI The Austin Technology Incubator (ATI) is a nonprofit organization that harnesses local business, government and academic resources to provide strategic counsel, operational guidance and infrastructure support to its member companies to help them transition from early stage ventures to successful technology businesses. ATI enables its members to successfully compete in the global marketplace by linking them with ATI's worldwide network of industry leaders, experts from academia and professional service providers. ATI companies have raised more than $720 million in capital, generated more than $1.5 billion in revenue and created more than 3,000 jobs. The ATI is a key program of the IC2 Institute at The University of Texas at Austin. For more information please visit http://www.ati.utexas.edu About Innovent (www.nokia.com/innovent) Innovent, an entrepreneurial innovation unit in Nokia, connects to the pulse of emerging markets to explore innovation options for Nokia. Innovent offers a collaborative environment for early-stage entrepreneurs working on concepts that facilitate connections between people, their communities, and the things that matter to them. Innovent offers expertise and resources to clarify the opportunity behind their visions and accelerate the process between concept development and commercialization, within a framework of mutual trust. For more information about Innovent visit www.nokia.com/innovent or contact Janine Buis at Janine.buis@nokia.com.
### Kari Hernandez Janine Buis |