The public corporation founded last year to drive Alabama’s economy is looking for a leader.
The Alabama Innovation Corp. had its second board of directors meeting last week at Techstars Alabama EnergyTech Accelerator in Birmingham, agreeing to create the position of executive director.
The AIC was intended to promote innovation and entrepreneurship in technology and other fields, as well work with state government to develop programs and policies for economic development.
The board also approved its bylaws and a budget of $10 million, with funding for the Innovate Alabama Matching Grant Program. It also laid out the addition of administrative and professional staff.
Board Chairman Bill Poole, Alabama’s finance director, said hiring a director will allow the AIC “to make significant gains to drive economic growth and ensure Alabama is marketed as a home for entrepreneurs to start and grow their businesses.”