TAG SOIR 2016 Executive Summary
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Transcript of TAG SOIR 2016 Executive Summary
TECHNOLOGY ASSOCIATION OF GEORGIA
2016 State of the Industry: Technology in Georgia
Each year, the Technology Association of Georgia (TAG) presents its annual report highlighting the achievements and challenges facing the state’s technology community. TAG is pleased to release this Executive Summary of its key findings in conjunction with the 2016 State of the Industry: Technology in Georgia Report.
Annual Total Capital Deals:
12 CB Insights
CAPITAL
Tech as % of Economy:
9 Cyberstate 2016
INNOVATION
Availability of Skilled Labor:
2 (t) Area Development
Workforce Quality Index:
3CNBC
TALENT
Annual Total Capital Invested:
7 CB Insights
CAPITAL
Patent Growth:
5 TAG
INNOVATION
Atlanta is second among cities most attractive to millennial workers, according to Money
magazine.
Security leaped to the top of the 2016 “Most Important Technology Initiatives” list.
Employment in Georgia’s technology sector surged
in 2015 with the addition of more than 12,000 jobs.
Millennials are Georgia’s most educated demographic segment with 37 percent of those aged 18-34 holding a bachelor’s degree or higher.
Georgia’s emerging markets netted 40 new tech
establishments in 2015 (1,646, total), signaling important
statewide expansion.
Nearly a third of Georgia’s technology jobs are in software and related IT services, underscoring why the Technology Decision Makers rated
software application developers as their most critical position and ranking developers as the technology position most frequently hired.
Georgia’s total invested capital last year was $2.9 billion, according to CB Insights. Including venture capital, corporate venture, private
equity, angel funding and other deals, the state’s two-year total surpassed $8.3 billion. This was 3.3 percent of the national two-year
total and placed Georgia fifth in capital raised.
Georgia’s invested venture capital increased more than 70 percent in 2015 to reach $836.1 million, according to
the MoneyTree report.
Nine new innovation centers announced plans
in 2015 to open in Georgia, strengthening our innovation
ecosystem.
More than 65 percent of our survey respondents
said Georgia will increase its invested capital over the next
year.
Innovation Index:
24 U.S. Commerce Departmnt
INNOVATION
Technology Job Growth:
7TAG
Access to Capital:
5 (Up from 11 in 2014) CNBC
CAPITAL
Top Percentage Middle Percentage Lower Percentage
TALENT
INNOVATION
TALENT TALENT
CAPITAL
TALENT
INNOVATION
CAPITAL
INNOVATION
CAPITAL
Georgia’s Technology Gap Analysis TAG is pleased to present this analysis that helps identify where Georgia ranks as a Top Five Technology State. This matrix of key findings in existing, key research for Talent, Capital and Innovation showcases where Georgia’s relative standing to other states are in regard by measuring each area for Scope, Scale and Momentum.
Executive Summary This year’s report focuses on defining the elements of success for Georgia’s technology economy through Talent, Capital and Innovation. This will help us better understand our strengths and areas for improvement, as well as how Georgia ranks against other key states and markets, and create a path for Georgia to become a Top Five technology state.
SCO
PE
KEY
SCAL
EM
OM
ENTU
M
TALENT
TALENT
For more details on the Gap Analysis and Key Findings, visit tagstateoftheindustry.com.
75 Fifth Street, NWSuite 625Atlanta, GA 30308
T 404.817.3333
www.hubga.comDesigned for TAG by Arketi Group
linkd.in/XJs73rt
twitter.com/TAGthink
on.fb.me/s7qdsa
© 2016 Technology Association of Georgia Permissions for reuse of any data must be submitted in writing. See inside for additional information.
Access the interactive report online at TAGStateoftheIndustry.com.
For more information or to request permissions or copies of this executive summary, please contact the Technology Association of Georgia at 404.920.2037.
See the Full Report
RESEARCH PARTNER
®
GOLD SPONSORS
RESEARCH SPONSOR
Keith Herndon, Ph.D.
SILVER SPONSOR
http://bit.ly/1USPqrH
http://bit.ly/1QM2YQD