News & Analysis

ATP Innovations recognised as best incubator in the world

- May 21, 2014 2 MIN READ

Technology business incubator ATP Innovations took home top honours today at the NBIA awards in New Orleans, Louisiana, winning the title of Randall M. Whaley Incubator of the Year Award 2014 at the International Conference on Business Incubation. The incubator was also named Dinah Adkins “Technology Focus” Incubator of the Year.

Industry peer professionals were impressed by the Sydney-based incubator’s delivery of business building services and its successful track record of building high growth technology companies with global reach.

Hamish Hawthorn, CEO of ATP Innovations, said in a media release, “We are honoured to be the first Australian technology incubator to be recognised as the world’s best – it is a credit to both the hard work done by the team at ATP Innovations and recognition of the strength and significance of Australia’s startup ecosystem.”

“We owe our success to many factors – the support of our shareholder universities, the way the founders of the companies at ATP Innovations help each other, the experienced mentors helping our companies. Sharing the entrepreneurs’ journey and being part of their success is the best part of it.”

Since its inception in 2000, over 300 software, hardware and life science startups have received assistance from ATP Innovations in the areas of negotiating technology licences, insight into government support and financial assistance, access to a strong network of investors and advisors, and strategic guidance. 

Together, these startups have raised over $113 million in capital since 2006; and last year, ATP Innovations’ companies had a combined revenue of over $45 million, half of which was export related. They raised $8 million in equity capital, hired 69 new employees, launched 80 products, and had seven patents granted.

Seven ATP Innovations companies have gone on to sell their businesses since 2006, most recently Azalient which was acquired by Autodesk in December last year.

Other companies to benefit from ATP Innovations’ support include Clarity Pharmaceuticals and Elastagen. 

Clarity Pharmaceuticals, founded in 2010, just closed a seed round of $1.1 million dominated by Sydney Angels to expand its international operations in the US, Europe and Asia. Clarity uses patented diagnostic and imaging technology, which can be used to “personalise” and increase the effectiveness of targeted antibodies-based therapies.

Elastagen is a clinical stage medical device company pioneering Elastatherapy using the human protein Elastin to naturally repair and augment the skin. Since Elastagen began operating in 2005, it has attracted $5 million syndicated venture capital investment, and $2 million of the recent NSW Government Medical Devices Fund.

“In recent years we’ve undergone intense transformation to meet demand from Australia’s growing startup ecosystem – launching and supporting accelerator programs in parallel with our core incubator services,” said Hawthorn.

“This award is a great endorsement of both ATP Innovations and Australia. It underlines the huge opportunity we have to capitalise on our human capital and strong research-base to create world-leading companies.”