I  Innovation Depot


     Office Locations:

1500 First Avenue North
Birmingham, AL 35203
Phone: 205-250-8000
Fax: 205-250-8013



  • Seed



  • Business Services
  • Information Technology
  • Life Sciences & Healthcare
  • Medical Device



    Innovation Depot is a business incubation facility and program that focuses on the development of emerging biotechnology/life science, information technology and service businesses. The incubator operates in partnership with the University of Alabama at Birmingham. A public-private economic development effort, Innovation Depot is funded by the Birmingham regional business community, UAB, the City of Birmingham, Jefferson County, and the Community Foundation of Greater Birmingham and other leading private foundations The 140,000-square-foot facility houses 60-65 tenants and offers flexible floor plans and shared conference rooms. Companies that reach 'Resident Mentor' status have reached a mature stage of growth and can provide additional guidance and support in a variety of ways to other companies at Innovation Depot.

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Blake Cooley Director of Facility Operations
    Desiree Page Controller
    Devon Laney Chief Executive Officer
    Kevin Herren Director of IT Services
    Molly Watkins Director of Client Services


    Portfolio companies include:

      2B Solutions
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      ADV Bioscience
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      Advanced Skin Technology
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      Advanced Systems United
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      Agenta Biotechnologies
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      Appsolute Genius
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      Atlas RFID Solutions
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      Big City Doctors
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      Blue Ocean Technologies
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      Choice Research of Birmingham
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      Chronicle Studio
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      Comply MD
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      Deal Co-op
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      Eco Three
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      Essnova Solutions
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      iSeek Solutions
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      Magic City Media
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      Magnolia River
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      Microfit Group
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      Motus Motorcycles
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      Photonics Innovations
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      Projects Unlimited
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      Soluble Therapeutics
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      Suture Health
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      Vear Inc
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