Download - Technology Growth in Birmingham
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Technology Growthin Birmingham
Your Lifestyle, Your Mind, Your Future
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Tanveer Patel, CircleSource
• President and Founder
• Relocated her company
from Chicago
• Local PM + Outsourced
Software Development
• CircleSource is located at
the Entrepreneurial Center
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#3 Hot City for Entrepreneurs
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Our Startup Ecosystem
• Business Incubation / Startup Assistance
• Economic Development
• Technology User Groups
• Technology Centers / Research Institutions
• Venture Capital Funding Sources
• Workforce Development and Tech Education
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Downtown Innovation Center
• Combining the Entrepreneurial Center
and UAB’s OADI @ old Sears Building
• $12M+ Project
• <12 blocks vs. ~9 miles from UAB
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Your Lifestyle, Your Mind, Your Future
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Jesse Hipps, Heritage Center
• President and CEO
• Retired chemist from
Dupont & Monsanto
• Workforce Development
Not-for-profit serving
young people in downtown Bessemer
• Job Shadowing guru and curriculum author
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Computer Learning Centers
• Center for Urban
Missions
• Empowerment, Inc.
• Partners in Neighborhood Growth
• The Heritage Center
• Jefferson County Library Cooperative
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Community Engagement
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Your Lifestyle, Your Mind, Your Future
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Milton Silva-Craig, Emageon
• President and COO
since 2004
• Prior to joining the
company in 2001, was
VP/GM of GE’s ASP
Services & eCommerce
business
• Top 40 Under 40 in 2005
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Emageon ~ February IPO
• $70M / Net $60.5M
• Underwritersexercised $9M more
• $4M CAPCO returned
• VC Exits– Southeastern Technology Fund - 15.6% ownership
– Redmont Venture Partners - 3% ownership
– Harbinger/Aurora Ventures - 3.8% ownership
– Jemison Investment Co.
– Delta Capital Management (Memphis, Tenn.)
$13 Opening Price
Lockup Expired
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Biocryst ~ Hot Public Biotech
• $78.9M new
capital in 2005
• Kleiner Perkins
Caufield & Byers– Since 1972 KPCB has
backed entrepreneurs
in 450 ventures, including AOL, Amazon.com, Citrix,
Compaq, Electronic Arts, Genentech, Genomic Health,
Google, Intuit, Juniper Networks, Netscape, Lotus, Sun
Microsystems, Symantec, and Verisign
CNBC Exposure
$30M Raise
5yr $500+M Deal w/ Roche
$23.9M Raised
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Your Lifestyle, Your Mind, Your Future
Stay Informed About Birmingham’s Tech Economy
by signing up for our monthly e-newsletter at
www.TechBirmingham.com
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“Large” Tech Companies ~ >100 emp.
10
100
1000
2006
2002
8060
40
20
200
400
600800
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“Large” Tech Companies ~ >50 emp.
10
100
2006
2002
80
60
40
20
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Where are the Companies?
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Where are the Companies?
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