Innovate Alabama has partnered with Harmony Venture Labs (HVL) to launch the Innovate Alabama Venture Studio and Fund, a new initiative aimed at helping build and grow high-potential startups in Alabama.
Powered by HVL’s successful studio model, this effort will work alongside local companies to turn real-world business challenges into investable, scalable ventures – all while fueling the state’s startup ecosystem.
“The venture studio model gives us a unique opportunity to build with intention by developing startups that are not only innovative but also aligned with Alabama’s economic priorities,” said Mary Beth Grant, program director of the Innovate Alabama Capital Access Initiative, one of the driving forces behind the studio’s creation.
This initiative focuses on removing obstacles to accessing early-stage capital.
“Through the work of the Capital Access Initiative, the idea for the Innovate Alabama Venture Studio quickly stood out as one of the most impactful ways we could move the needle,” said Britney Summerville, Innovate Alabama board member and chair of the Innovate Alabama Capital Access Initiative. “By embedding innovation inside Alabama’s cornerstone industries and building high-growth startups from the ground up, we’re thinking outside the box about how we solve our biggest problems and how the state takes the lead in venture creation.”
