2013 innovation depot annual report

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Page 1: 2013 Innovation Depot Annual Report

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13 INNOVATION DEPOTANNUAL REPORT

Page 2: 2013 Innovation Depot Annual Report

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Page 3: 2013 Innovation Depot Annual Report

NuCel continued development of its technological platform of therapeutic tissue and cell products derived from the human placenta, with efficacy demonstrated through in vitro testing and clinical and pre-clinical studies. NuCel also expanded its focus to additional wound healing and osteoarthritis applications. BUSINESS SERVICES

ENGINEERING

BIOTECH

IT/SOFTWAREThinkData ThinkData developed Samford University’s new business intelligence and data analyst certificate program – a first in the State of Alabama.

ASU grew revenue by 300% in 2013 and expanded to over 10 employees.

Advanced Systems Integrated Media IMS completed large audio/video & security installations for Cadence Bank, VIVA Health, Northwestern Mutual and Iron City Live.

Educator TechnologiesEducator Technologies began the development of Speech Development Cloud, a new software allowing parents and therapists to interact and improve the outcome of the child’s speech therapy.

Essnova founder Sridhara Gutti was selected as one of the Birmingham Business Journal’s Top 40 under 40, with Essnova continuing to grow staff and clients.

Essnova

Suture Health completed a 6-month case-study with a leading home health agency and began integration efforts with top industry vendors as a major distribution channel.

Suture HealthClass Action Capital grew by over 2,700 clients at an average of 225 new clients per month from 49 different states regarding its class action claim identification, preparation and filing services.

Class Action

Malcovery Security grew rapidly in terms of headcount and sales, more than doubling in staff from 7 to 16 employees and securing ten “Fortune 500” companies as customers.

MalcoveryFreeTextbooks.com grew over 50% for its fourth consecutive year, reaching into five new states & fourteen new college campuses. The company also closed two CAPCO investments from Redmont Capital.

Free Textbooks

Blue Ocean Technologies gained a national footprint for its Bluewave VoIP solution, with customers in over 40 states.

Blue Ocean SolovisSolovis developed and launched a proprietary institutional investment software platform in August and signed its first major client in September.

NutriPilot launched its software platform and was selected as one of the winners of the Alabama Launchpad competition with $38k in capital investment.

Nutripilot

Instagift launched a new e-gift card and rewards software, leading to a record processing of over $1 million in transactions during the holiday season alone.

Instagift

MedSnap secured VIVA Health as a customer of the firm’s much talked about MedSnap ID, which allows VIVA’s care managers to reconcile the medications patients possess and actually take with their prescribed regimen during visits to members’ homes.

MedSnap

VISTA VEAR Eco ThreeVista Engineering Founder Raymond Thompson was recognized as the Engineering Council of Birmingham’s Engineer of the year, and Vista continues to provide engineering expertise to clients around the world.

VEAR acquired the first FARO 3D laser scanner in the region to produce detailed scans of crash sites beyond the ability of average laser scanners.

Eco Three grew sales, expanded, and secured its first location for a satellite office in Gainsville, Florida.

BioGX’s Ruminant/Porcine DNA test is the new FDA standard for testing all raw heparin used in the manufacture of heparin products – most of which come from outside the United States.

BioGX

Soluble Therapeutics secured $750K in additional investment to expand service and sales operations.

Soluble Therapeutics

Good People Labs drastically expanded quality control capabilities and started an in-house yeast testing program.

Good People Labs

BioDtech released a joint publication with Amgen and filed two new patent applications for clinical diagnostics of Crohn’s disease, Ulcerative colitis, intestinal wall damage, and sepsis.

BioDtech

Exit HighExitHigh launched and is focused on preparing business owners to plan and execute exit strategies that maximize the value of their companies while also preparing entrepreneurs for life after the exit.

Projects Unlimited rebranded itself as Relax, It’s Handled, an Association & Event Management company, posting record revenue and coordinating 49 projects across 20 organizations.

Relax, It’s HandledPanorama was re-credentialed and certified as a Women’s Business Enterprise National Council (WBENC) company.

Panorama

Knight Eady Sports Group secured contracts for the 2015 and 2016 NCAA Gymnastics National Championship, along with managing an exclusive Behind the Scenes Experience for ESPN at the 2013 SEC Football Championship Game.

Knight EadyIndustryCare lunched its service and saved its corporate clients over 3,222 hours in lost productivity.

Industry Care

IceBox Coffee continued to expand into new markets with revenues growing over 200% since 2012.

Alabama Chai was selected as one of the winners of the Alabama Launchpad competition with $30k in capital investment.

Alabama Chai

NuCel

IceBox Coffee

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Page 4: 2013 Innovation Depot Annual Report

BOARD OF DIRECTORSScott AdamsProtective Life Corporation

Iwan AlexanderUAB School of Engineering

Keith BarfieldBarfield, Murphy, Shank & Smith

Cecil BostanyWarren Averett

HB BrantleyBravis Building Solutions

David BrownJemison Investment Company

Greg Canfield AL Department of Commerce

Bob CrutchfieldHarbert Management

Alan DeanTargeted Technology Fund

Mark DrewMaynard Cooper & Gale

Jonathan GeisenBaker Donelson

William GoodrichRichgood Corporation

Stan GravesGraco Resources

Jim HansenPNC Financial Services Group

Eric JackUAB Collat School of Business

Russell LynchEnergen Corporation

Richard Marchase UAB

John McDonaldIntegra Water

Scott McGlaunBlueCross BlueShield of AL

James OutlandNew Capital Partners

Gene PriceBurr & Forman

Shannon RileyOne Stop Environmental

William RitterRegions Bank

Mike RossRenasant Bank

{Lee Smith, ChairmanBBVA Compass Bank

Devon Laney, President / CEOInnovation Depot

Molly Watkins, Director of Client ServicesInnovation Depot

Desireé Page, ControllerInnovation Depot

James Childs, Vice ChairmanBradley Arant Boult Cummings

OFFICERS

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1500 1st Avenue NorthBirmingham, AL 35203

[p] 205.250.8000[f] 205.250.8003

www.innovationdepot.net

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