__MAIN_TEXT__

Page 1

2018 ANNUAL REPORT


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.

In partnership with:


2018 RESULTS

113

Member Companies

1,324 Awesome Jobs

TOTAL FUNDING

$398.5 MILLION

$176M Gross Sales

Venture Capital $375.3M Angel Investors $13.7M Loans $4.7M Friends and Family $2.7M Grants $2.1M

$2.65

BILLION E C O N O M I C I M P A C T 5 Y E A R T O TA L

*Impact based on gross sales and funding data for all 2018 member companies and graduates from previous five years, unless acquired or moved out of state.


MIXTROZ RISE OF THE REST WINNER MEMBER COMPANIES

29

New Members

23

Graduates

50

Raised Capital

15

New Patents

Members by Industr y

58% IT Software & Services

13%

Biotech & Life Sciences

29% Business Services


VELOCITY ACCELERATOR PROGRAM 2018 Cohort

7

2

Startups 3 Out of State

Rise of the Rest Finalists 1 Winner – Mixtroz

2017 & 2018 Results

16

Startups

77 Jobs

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

75%

Raised Capital


COMMUNITY AWARDS BVC Jemison Award Theranest AL Launchpad Winners Pointz, O3 Solutions, TriAltus Bioscience EDPA Startup of the Year XpertDox UAB Startup Faculty of the Year TriAltus Bioscience

BOARD OF DIRECTORS Ray Watts Chairman UAB

John McDonald Vice Chairman Integra Water

Scott McGlaun Immediate Past Chair BCBS of Alabama

Scott Adams Protective Life Corporation

James Childs Maynard Cooper

Eric Jack UAB Collat School of Business

Iwan Alexander UAB School of Engineering

Adam Cranford New Capital Partners

Kathy Nugent UAB

Keith Barfield Barfield, Murphy, Shank and Smith

Bob Crutchfield ACS Bright Edge Ventures

Shegun Otulana Theranest

Greg Barker Alabama Power

Alan Dean Targeted Technology Fund

John Owen Regions Bank

Cecil Bostany Warren Averett

Jonathan Geisen Baker Donelson

Liz Pharo Momentum Telecom

Chris Brown UAB

Miller Girvin AL Capital Network

Gene Price Burr & Forman

Greg Canfield AL Department of Commerce

Bebe Goodrich Royal Cup

Lee Smith, Jr. BBVA Compass

Josh Carpenter City of Birmingham

Deon Gordon TechBirmingham

Nick Willis PNC

Design by Ryan Boswell rboswelldesign@gmail.com


usiness

TEAM MEMBERS

Devon Laney CEO

Molly LaBorde COO

DesireĂŠ Page Controller

Kevin Herren IT Director

Sarah McFarland Programs and Culture Director

Blake Cooley Facility Director

Shaun Pollard Office Manager

Tayun Harrison Receptionist

Randy Toole Facility Assistant


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

1500 First Avenue N. Birmingham, AL 35203 www.innovationdepot.org • 205.250.8000

Profile for Innovation Depot

Innovation Depot 2018 Annual Report  

Innovation Depot 2018 Annual Report  

Advertisement