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INNOVATION: New UAB Accelerator to power startup growth

BIRMINGHAM, Alabama – A new effort at the University of Alabama at Birmingham seeks to provide critical support for startups when they are in the earliest stages of development.

The UAB Commercialization Accelerator will officially launch next week during Innovation Week Birmingham, an annual event that spotlights new technologies and inventions, along with the entrepreneurs behind them.

The accelerator, a program of UAB’s Bill L. Harbert Institute for Innovation and Entrepreneurship, will offer an organized, streamlined process for students and faculty members who have an idea they want to turn into a business, said Kathy Nugent, executive director of the Harbert Institute.

Historically, UAB has done well in licensing and commercializing the research and discoveries from its labs, she said. But the university, an economic development engine for Alabama, needs a support structure that will help startups flourish on campus and beyond.

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