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.

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© 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

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