Aug 23, 2023
CREATE-X’s Startup Launch will introduce its 10th cohort of talented startup founders on Demo Day, Aug. 31, 5 – 7p.m., in the Exhibition Hall. Last year, the event drew more than 1,500 people, including business and community leaders, to view new products from a wide range of industries. All of the startups are developed through the creative work of Georgia Tech’s faculty, alumni, and students. With these products, CREATE-X founders aim to address global problems head-on with the latest technology and ingenuity.
At the event, attendees will be able to explore the products of over 100 newly minted startups, from consumer apps to deep tech, and engage with more than 250 founders about their entrepreneurial journeys. In 2021, CREATE-X startups were at the frontier of the current AI revolution, integrating OpenAI's GPT-3 well ahead of mainstream adoption.
CREATE-X began in 2014 as a Georgia Tech initiative to instill entrepreneurial confidence in students launching real startups. Their signature program is the 12-week Startup Launch accelerator, in which students and alumni intern for their own companies. Participants attend sessions, team socials, and pitch practices and receive coaching and mentorship from experienced entrepreneurs and notable Tech alumni. Demo Day is the finale of the program, a vibrant exhibition that is free and open to the public.
The inaugural cohort had eight teams. Several companies among the first six cohorts are valued above $100 million, and one company is valued at $1.3 billion. The program has worked with nearly 450 startup teams, with a total portfolio valuation of over $1.9 billion, and has produced more than 1,100 founders launching startups. In the future, CREATE-X Director Rahul Saxena said the program hopes to produce 300 startups a year.
“CREATE-X has a rich entrepreneurial ecosystem that will support students as they launch real startups. In every cohort, I remind participants that the connections they make in the program will carry after, and that they’re surrounded by talent,” Saxena said. “We want every Georgia Tech student to have this advantage when starting their business.”
He noted, “From consumer apps revolutionizing everyday life to sustainable fashion brands paving the way toward responsible consumption — there's something here for everyone. CREATE-X founders are a testament to tomorrow’s possibilities, and we invite you to see it for yourself.”