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