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WHO WE ARE Innovation Depot is the epicenter for technology, startups, & entrepreneurs in the Birmingham region.

WHAT WE DO Through our programs, Innovation Depot gives entrepreneurs a competitive advantage in attracting customers, talent, mentors, press, and funding to grow their business.

HOW WE DO IT Elevate Incubation Program Depot/U Education Program Velocity Accelerator Program Ignite Collaboration Program


ECONOMIC IMPACT 2 017

112

$155M

1,064

Member Companies

Gross Sales

Awesome Jobs

Friends and Family

6% 2% 12%

Grants Loans Angel Investors

7%

Total Funding

$57.7 Million

73%

Venture Capital

$1.66 BILLION 5 YEAR TOTAL

*Impact based on gross sales and funding data for all 2017 member companies and graduates from previous five years, unless acquired or moved out of state.


ACCELERATE Velocity Accelerator Program – 1st Cohort January through April Managing Director: Nate Schmidt »» 104 Global Applicants »» 10 Startups Selected »» 2 Out-of-State Startups –

Washington, DC and Slovakia

»» $650,000 Invested by Velocity Fund »» Approx 700 Demo Day Attendees »» 6 Startups expanded into Incubation Program

V E L O C I T Y F U N D S U P P O RT E R S


INCUBATE

Elevate Incubation Program »» 90 Total Member Companies »» 21 New Member Companies »» 15 Graduate Companies including: Atlas RFID Solutions, Fleetio, IPG Photonics, PhishMe

EDUCATE Depot/U Education Program

»» 2 Partner Courses »» 10 Bootcamp Classes »» 153 Student Participants

COLLABORATE

Ignite Collaboration Program

»» 12 Coworking Members »» 48 Depot Connect Social Events


2 017 HIGHLIGHTS

VIP GUESTS Mary Meeker

• • • •

Dr. Condoleezza Rice

Dr. Condoleezza Rice AL Governor Kay Ivey AL Senator Luther Strange Mary Meeker – Kleiner Perkins

WINS • • • •

Royal Cup acquires Icebox Coffee UAB expands 100GB network to Innovation Depot InBIA Outstanding Client Company: TheraNest EDA Seed Fund Support Grant Winner: Innovation Depot

EVENTS • • • •

Velocity Accelerator Launch – January Serendipity Cafe Opens – March InBIA e.Builders Summit – September Depot Talks Launch – November

Velocity Accelerator Launch

Depot Talks Launch


TEA M MEMBERS

Devon Laney CEO

DesireĂŠ Page Controller

Kevin Herren IT Director

Molly LaBorde COO

Blake Cooley Facility Director

Shaun Pollard Office Manager

Sarah McFarland Programs and Culture Director

Randy Toole Facility Manager

Tayun Harrison Receptionist

BOARD OF DIRECTORS Ray Watts Chairman UAB

John McDonald Vice Chairman Integra Water

Scott Adams Protective Life Corporation

Greg Curran Maynard Cooper & Gale

Kathy Nugent UAB

Iwan Alexander UAB School of Engineering

Alan Dean Targeted Technology Fund

James Outland New Capital Partners

Keith Barfield Barfield, Murphy, Shank and Smith

Jonathan Geisen Baker Donelson

John Owen Regions Bank

Greg Barker Alabama Power

Bebe Goodrich Icebox Coffee

Liz Pharo Momentum Telecom

Cecil Bostany Warren Averett

Deon Gordon TechBirmingham

Gene Price Burr & Forman

Chris Brown UAB

Stan Graves Graco Resources

Lee Smith, Jr. BBVA Compass

Greg Canfield Alabama Department of Commerce

Eric Jack UAB Collat School of Business

Art Tipton Southern Research

Scott McGlaun BlueCross BlueShield of Alabama

Nick Willis PNC

James Childs Bradley Bob Crutchfield Harbert Venture Partners

Martha Miller Balch & Bingham Design by Ryan Boswell rboswelldesign@gmail.com


INCUBATE

EDUCATE

creed

T H E D E P OT

ACCELERATE

COLLABORATE

• Work hard • Be nice • Dre am BIG • Have fun • Change the world

In partnership with:

Innovation Depot is a 501c3 not-for-profit organization

1500 First Avenue N. Birmingham, AL 35203

www.innovationdepot.org

205.250.8000

2017 Innovation Depot Annual Report  

Innovation Depot is the Birmingham region's epicenter for technology, startups and entrepreneurs. This report captures the 2017 Economic Im...

2017 Innovation Depot Annual Report  

Innovation Depot is the Birmingham region's epicenter for technology, startups and entrepreneurs. This report captures the 2017 Economic Im...

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