INNOVATION DEPOT annual report | 2014
WHO WE ARE Innovation Depot is the epicenter for technology, startups, & entrepreneurs in the Birmingham region.
MEMBER COMPANIES Hightech / IT / So ware Biotech / Life Sciences Engineering Technology Business Services
01
WHAT WE DO We give entrepreneurs a competitive advantage in a racting customers, talent, mentors, press, and funding to grow their business.
02
2014
in numbers
12
graduate companies
122
applicants
over
100
training + connecting events
120
news articles on Depot companies
23
over
new member companies
300
games of ping pong played
M E M B E R C O M P A N I E S D A TA total raised
$20 MILLION Grants
Friends & Family
8% 5%
Venture Capital
14% Angel Investors
03
73%
$137 MILLION
gross sales
To t a l 5 - y e a r Impact
$1.33 BILLION *Data based on gross revenues, investments, grants, and number of employees for all current client companies and companies within five years of graduation unless acquired or moved out of state.
99
5
Alabama Launchpad winners
26
companies with
694
patents filed
employees served
250k
cups of coffee consumed
4
15,408 50 40
customers in
Entrepreneur Accelerator Program graduates
34
UAB-connected companies
states and over
JAN
2 0 1 4 K i c k o ff C e l e b r a t i o n
MAY
Depot Connect Launches
JUNE
UA B I n n o va t i o n L a b O p e n s
JULY
R e c y c l i n g P r o g r a m b y UA B L a u n c h e s
AUG
Canteen Market Opens
SEP
HIGHLIGHTS
countries
Inaugural Innovation Week Birmingham Ignite Co-working Space Opens
04
"I've met fellow founders that help me navigate tricky business issues, but more importantly have become lifelong friends."
N AT E S CH M I DT , CE O Instagi
Laura Kate Whitney, Dogtrot Studio graduates from Leadership UAB
Sridhara Gu i, Essnova Solutions, Inc. Birmingham Business Journal’s (BBJ) “Top 40 Under 40”
Atlas RFID Solutions Ranked on Deloi e’s 2014 Technology Fast 500™
AWARDS + HONORS Innovation Depot BBJ’s “5 Coolest Office Spaces” FreeTextbooks selected for Techstars in Austin, TX
Diamond Fortress Birmingham Business Alliance’s (BBA) “Emerging Business of the Year”
Soluble Therapeutics, Pack Health, Vipaar and FreeTextbooks made BBJ’s “Startups to Watch”
"There is no be er place for our company than Innovation Depot. Not only do you get access to the people who can take you to the next level, but you also get access to those who are right where you are."
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S H E G UN OT ULA NA , C EO TheraNest
BOARD OF DIRECTORS James Childs, Chairman
Bill Ritter, Vice Chairman
Bradley Arant Boult Cummings
Regions Bank
Scott Adams
Iwan Alexander
Keith Barfield
HB Brantley
David Brown
Brian Bucher
Greg Canfield
Lisa Cooper
Bob Crutchfield
Alan Dean
Mark Drew
Jonathan Geisen
Bill Goodrich
Stan Graves
Russell Lynch
Richard Marchase
John McDonald
Scott McGlaun
Kathy Nugent
James Outland
Gene Price
Shannon Riley
Mike Ross
Dan Sansone
Protective Life Corporation
Cecil Bostany Warren Avere
PNC Financial Services Group Harbert Venture Partners Baker Donelson
Eric Jack
UAB School of Engineering Bravis Building Solutions
Balch & Bingham UAB
One Stop Environmental
Lee Smith
BBVA Compass Bank
Jemison Investment Company
Alabama Department of Commerce City of BHM, Economic Development Targeted Technology Fund Richgood Corporation
UAB Collat School of Business Energen Corporation
Michel Marcoux
Barfield, Murphy, Shank & Smith
Integra Water
New Capital Partners Renasant Bank
Maynard Cooper & Gale Graco Resources UAB
BlueCross BlueShield of AL Burr & Forman Vulcan Materials Company
Ray Watts UAB
Devon Laney Molly Watkins
OUR STAFF designed by Dogtrot
President & CEO Vice President Client Services
Blake Cooley
Director Facility Operations
Desiree Page
Controller
Kevin Herren
Director IT Services
Shaun Pollard
Senior Admin Assistant
Jessica Furniss
Admin Assistant
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THE DEPOT CREED work hard. be nice. dream BIG. have fun. change the world.
in par tnership with
1500 1st Ave N. Birmingham, Al 35203 | innovationdepot.net | 205 . 250 . 8000 Cover photo “Innovation Depot� by John Morse / desaturated from original