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