ANNUAL 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.
MEMBER COMPANIES • • • • •
Information Technology Healthcare Financial Engineering Business Services
2015 104
Member Companies
17
NUMBERS & STATISTICS
809
Awesome Jobs
12
141
Applicants
100+
New Member Companies
Graduate Companies
Training and Connecting Events
36
6
4
Member Company Awards
Top 30 Fastest Growing Companies in Birmingham
Venture for America Fellows
2000+
4
9
Trips to the Taco Truck
Top 40 Under 40 Winners
UAB iLab Student Businesses
MEMBER COMPANY AWARDS Atlas RFID – Birmingham Venture Club Jemison Award – Inc. 5000 Fastest Growing Private Companies in America Pack Health – Birmingham Business Alliance Emerging Business of the Year TechBirmingham – Birmingham Business Journal Nonprofit of the Year Help Lightning – Founder named one of “20 Most Influential People in Field Service” ConcertCare – Founder named one of “Nation’s Top 100 Influential Thinkers”
MEMBER COMPANIES DATA 4%
Grants
Total Raised
Angel Investors
39%
Friends and Family
Million
Venture Capital
$161 MILLION Gross Sales
$27.7 3% 54%
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Total 5-year Impact
$1.38 BILLION
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*Data based on gross revenues, investments, grants, and number of employees for all current member companies and companies within five years of graduation unless acquired or moved out of state.
OUR PROGRAMS DEPOT/U • First Developer Bootcamp in Alabama • Partnership with Platypi • 4 classes per year
Haley Blackburn
• 10 week, full-time program • No age or background requirement
Depot/U Graduate “I have always been interested in a career in web development, and Depot/U provided the ability to switch lanes quickly because of the fast track program. Graduating from Depot/U has resulted in my most important, life-changing decision.”
Inaugural Class • 7 Corporate Partners • 100+ Applicants • 15 Students • 80% Secured Job within 3 months of completion
VELOCITY • First seed capital, startup accelerator in Alabama - Launching 2016 • Partnership with Birmingham Venture Club
Nate Schmidt
• 12 week, full-time program
Velocity Program Director
• 10 high growth technology product or service companies
Founder - Instagift TechStars Alumni
IGNITE • Co-Working Space
• Conference Rooms
• Free Training Seminars
• Game Room, Gym, and Socials
• Dedicated Internet
• Free Parking
WHO MAKES IT HAPPEN TEAM MEMBERS Devon Laney, CEO
Blake Cooley, Facility Director
Molly Watkins, COO
Kathleen Hamrick, iLab Director
DesireĂŠ Page, Controller
Shaun Pollard, Office Manager
Kevin Herren, IT Director
Tayun Harrison, Receptionist
BOARD OF DIRECTORS Bill Ritter, Chairman Regions Bank
Scott McGlaun, Vice Chairman BlueCross BlueShield of Alabama
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
Alan Dean Targeted Technology Fund
James Outland New Capital Partners
Greg Barker Alabama Power
Mark Drew Maynard Cooper & Gale
Gene Price Burr & Forman
Cecil Bostany Warren Averett
Jonathan Geisen Baker Donelson
Mike Ross Renasant Bank
HB Brantley Bravis Building Solutions
Bill Goodrich Richgood Corporation
Lee Smith, Jr. BBVA Compass
David Brown Jemison Investment Company
Stan Graves Graco Resources
Art Tipton Southern Research
Brian Bucher PNC Financial Services Group
Eric Jack UAB Collat School of Business
Ray Watts UAB
Greg Canfield Alabama Department of Commerce
Richard Marchase UAB
James Childs Bradley Arant Boult Cummings
Michael Marcoux Balch & Bingham
EDUCATE
ACCELERATE
COLLABORATE
THE DEP OT CREED • • • • •
Work hard Be nice Dream BIG Have fun Change the world
In partnership with:
1500 First Avenue N. Birmingham, AL 35203
www.innovationdepot.org
205.250.8000