National Business Incubation Association; Your source for knowledge and networks in business incubation

Past Winners

2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992
1991

Innovation Depot

Birmingham, Ala.

Susan Matlock, president & CEO

Year established: 1986 (as Entrepreneurial Center; named changed to Innovation Depot in 2007)

Incubator size: 140,000 square feet

Incubator clients: 75

Incubator graduates: More than 140

www.innovationdepot.net

Achievements: In 2007 the Entrepreneurial Center, a longtime Birmingham, Ala., incubation program that originated in 1986 as the Birmingham Business Assistance Network, and the University of Alabama at Birmingham's Office for the Advancement of Developing Industries combined operations as the Innovation Depot. The two programs had operated under the Entrepreneurial Center's management since 2001, but the sites were physically separated by more than 10 miles. Now operating from a former Sears store in downtown Birmingham that had stood vacant for 20 years, the Innovation Depot strives to diversify the local economy and be the catalyst for sustainable economic development in the region.

By focusing on the successful development of high-growth technology companies, job creation and retention efforts, and partnering with the University of Alabama at Birmingham to facilitate technology commercialization, the program is an important player in the region's business development efforts. "The Innovation Depot's biggest success is its impact on the Birmingham economy, with more than $1.4 billion in economic impact during the last five years alone," says Susan Matlock, president & CEO of Innovation Depot. "Many successful companies – too many to name individually – have graduated from the Innovation Depot and contributed to its success."

Contact NBIA

Phone: (740) 593-4331
Fax: (740) 593-1996
340 West State Street, Unit 25
Athens, OH 45701-1565
info@nbia.org