Innovation Depot announces seven participants in its “Velocity Accelerator”
Seven start-ups have been selected to participate in the 2022 cohort of Innovation Depot’s “Velocity Accelerator.”
Located at the organization’s Birmingham facility, the program launches today and will provide 13 weeks of mentoring and intensive support. According to this article, five of the seven companies are based in Birmingham, while the other two will be relocating to the area for the duration of the program. The participants have a broad mix of business focus areas.
Innovation Depot invests $50,000 in each company, and all seven will get a chance to pitch to potential investors in April in hopes of securing additional grant funding.