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2016 A N N UAL REPORT


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

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

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


ECONOMIC IMPACT

2016

102

870

Member Companies

$126M

Awesome Jobs

Angel Investors

12%

Grants Loans Venture Capital

Gross Sales

18%

Total Funding

$19.3

44%

Million

21%

5%

Friends and Family

5 YEAR TOTAL

{

$1.42 BILLION

{

*Impact based on gross sales and funding data for all 2016 member companies and graduates from previous five years, unless acquired or moved out of state.


INCUBATE Elevate Incubation Program

89 Member Companies 10 New Members 17 Graduates 50+ Training Events 808 Awesome Jobs

ACCELERATE

Velocity Accelerator Program

Announced: August 2016 104 Applicants 65% Outside Birmingham 10 Companies Selected 8 Startup Events


EDUCATE Depot/U Education Program

Software Developer Bootcamp 126 Applicants 47 Graduates Student Age Range: 18-57 90% Hire Rate

COLLABORATE

Ignite Collaboration Program

Coworking Space

13 Member Companies 20 Awesome Jobs

Depot Connect

40+ Social Events


RECOGNITION International Business Innovation Association - Incubator Innovation Award: Innovation Depot - Outstanding Client Company: IceBox Coffee $1M International TED Prize Winner - Sarah Parcak: GlobalXplorer $6M America’s Promise Grant: U.S. Dept. of Labor - UAB, Innovation Depot, Community Partners

BEBE GOODRICH

Founder & CEO of IceBox Coffee Every facet of our business has been impacted directly by our tenure at Innovation Depot. Whether it’s the industry leading technology developed from a collaboration with a fellow startup company, the strategic business coaching we’ve received, or the assistance with internship placements, our success and exponential growth is tied directly to Innovation Depot. The incubator platform gives us the tools to succeed and plan for a robust future.

MEMBER


WHO WE ARE

TEAM MEMBERS Devon Laney, CEO

Kathleen Hamrick, Marketing & Edu. Director

Molly LaBorde, COO

Randy Toole, Facility Manager

DesireĂŠ Page, Controller

Estes Gould, Velocity Program Manager

Kevin Herren, IT Director

Shaun Pollard, Office Manager

Blake Cooley, Facility Director

Tayun Harrison, Receptionist

BOARD OF DIRECTORS Scott McGlaun, Chairman BlueCross BlueShield of Alabama

Ray Watts, Vice Chairman UAB

Scott Adams Protective Life Corporation

Lisa Cooper City of Birmingham

John McDonald Integra Water

Iwan Alexander UAB School of Engineering

Bob Crutchfield Harbert Venture Partners

Kathy Nugent UAB

Keith Barfield Barfield, Murphy, Shank and Smith

Greg Curran Maynard Cooper & Gale

James Outland New Capital Partners

Greg Barker Alabama Power

Alan Dean Targeted Technology Fund

Gene Price Burr & Forman

Cecil Bostany Warren Averett

Jonathan Geisen Baker Donelson

Bill Ritter Regions Bank

HB Brantley Bravis Building Solutions

Bebe Goodrich Icebox Coffee

Mike Ross Renasant Bank

Brian Bucher PNC Financial Services Group

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

James Childs Bradley Arant Boult Cummings

Michael Marcoux 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 • Dream 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

2016 Innovation Depot Annual Report