May 2022 Group Watch: AL Innovation Corporation Approves Budget, Creates Exec Director Position
The Alabama Innovation Corporation, a statewide public-private partnership tasked with promoting the state’s innovation economy, recently held its second board meeting. At the meeting, the corporation’s board of directors approved the creation of an executive director position and its associated job description. The executive director position will be charged with overseeing strategic operations, staff management and program implementation for the corporation. The position will also assist in advancing the corporation’s mission through partnership, developing core programs and managing the innovation-oriented directive of the entity. The board also adopted a budget and bylaws and updated the Small Business Innovation Research and Small Business Technology Transfer program. Included in the $10 million budget is funding for the Innovate Alabama Matching Grant Program, the addition of administrative and professional staff and executive director, and strategic communications partners for marketing purposes. Alabama State Finance Director Bill Poole is chair of the corporation board.
