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