Tech Alpharetta reports steady membership, fundraising and new events as it begins paying rent

Tech Alpharetta told the Development Authority of the City of Alpharetta on April 1 that its downtown incubator is settled into new space, is serving 55 member startups and is on track with its early-2025 finances.

The update, delivered by Karen, a Tech Alpharetta representative, said the incubator moved into its new facility in October and held a grand opening in December. “We are officially all settled in,” Karen said, adding that member startups are using the new offices and meeting space.

Tech Alpharetta reported that 55 tech startup member companies are active in the incubator and that 23 companies have graduated since the incubator opened in 2015. The presentation named Synaptrix as the most recent graduate; Synaptrix is described as a medical device company working on a non-opioid pain-relief product and having spun out from Avanos. The incubator’s largest tenant has 14 employees and is finalizing a lease in the North Point Mall area inside the city of Alpharetta.

Karen provided two ways of counting jobs tied to incubator activity. She said the incubator’s graduates have created 294 technology jobs located in the city and 450 technology jobs across the state of Georgia since the incubator opened; including an estimated multiplier for service-industry jobs, she said the city-level total rises to more than 1,700 jobs and to more than 2,700 statewide. “There’s no denying that startup incubators are jobs creation engines,” she said.

On finance, Tech Alpharetta reported revenue of $263,000 for the first two months of 2025 and expenses of $112,874 for the same period. The incubator now pays monthly rent; the presenter said the current figure in the transcript is unclear, and that rent is scheduled to increase to $7,030 per month in October 2026 under the lease.

The incubator also described programming and outreach: seven events and 27 meetups in early 2025, two weekly newsletters reaching nearly 5,000 tech executives and supporters, and a plan for at least 19 additional events during 2025, which the presenter said would serve more than 2,000 regional tech executives this year. Staff described two major fundraisers planned for 2025: a CIO speed-dating event in June and a Topgolf Classic fundraiser in September that replaces a previously run full-day golf tournament.

Karen invited the authority members to visit the incubator and attend events, and she thanked the board for its ongoing support.

Questions from authority members focused on rental revenue stability and whether vacant offices would affect the incubator’s ability to cover rent; the presenter said leasing ebbs and flows and that filling two large offices would cover the current rent level.

The authority did not take any formal action on Tech Alpharetta during the meeting.