After ATV, Stephen focused on consulting work and making angel investments in space related startups. He accepted a position as an advisor to the Advanced Technology Development Center at Georgia Tech and taught New Venture Creation in Georgia Tech’s MBA program. In mid-2003, Stephen joined Seraph Group as an investor and served as a member of the investment committee. In May 2005, Stephen returned to Georgia Tech as Chief Commercialization Officer. His appointment led a successful reorganization designed to streamline the handling of intellectual property, accelerate the licensing of technology, and make the Institute’s resources more readily accessible to business and industry. In mid-2009, Mr. Fleming was promoted to Vice President, Economic Development and Technology Ventures, and Executive Director of the Enterprise Innovation Institute at Georgia Tech. In this role, he managed a staff of over 200 Georgia Tech employees located throughout the state of Georgia. EI2 assists Georgia enterprises improve their competitiveness through the application of science, technology and innovation. It includes signature programs such as the Advanced Technology Development Center (ATDC), VentureLab — a groundbreaking commercialization program — and the Georgia Manufacturing Extension Partnership (MEP). In this role, Stephen assisted the National Science Foundation in the design and launch of the I-Corps program in which Georgia Tech became a leading node and national role model. In mid-2014, Stephen donned a “second hat” as Director and General Manager of ATDC, where he directly coached multiple entrepreneurs in establishing successful startup companies. At the time, ATDC was the oldest and largest university startup incubator in the country, with one of the highest success rates among its graduates in the world.
Stephen moved to Tucson in 2017 to create a new position as Vice President, Strategic Business Initiatives, at the University of Arizona, where he focused on connecting the university’s intellectual resources to the global business community. Since 2020, he has maintained that focus as Director, Strategic Partnership and Innovation, for the NSF-funded Center for Quantum Networks, headquartered at University of Arizona. Stephen also joined Arizona FORGE as its first Executive-in-Residence in July 2020, where he applies nearly forty years of experience to help students, community entrepreneurs, and corporate members of FORGE.
He remains an active angel investor, affiliated with the Desert Angels in Tucson, and is a founding member of the Space Angels Network. He has invested in over a dozen aerospace startups. He is the founder and chair of the Arizona Space Business Roundtable. Mr. Fleming is a member of the IEEE, the American Physical Society, the Optical Society of America, several regional technology organizations, and the Leadership Atlanta Class of 2014. He served on the Boards of Directors for the Arizona Technology Council, the Technology Association of Georgia, and for Culture Connect, a not-for-profit fostering cultural fluency between immigrants and the community at large. He is a former board member of the Spiritual Living Center of Atlanta and of Tech High School, a charter high school that emphasized science, math, and technology in urban Atlanta.
Stephen is a frequent public speaker, and has been invited to discuss entrepreneurship, venture capital, and angel investing by organizations in China, Brazil, Italy, Israel, South Africa, the Philippines, and throughout the United States.