The Department of Marketing, Industrial Distribution and Economics operates a Business Analysis Laboratory in Birmingham's Innovation Depot, a business incubator in downtown Birmingham that focuses on the development of emerging biotechnology/life science, information technology and service businesses. A public-private economic development effort, the Innovation Depot is funded by the Birmingham regional business community, including many leading private foundations, the City of Birmingham, Jefferson County and UAB. The incubator had a $1.3 billion impact on the area's economy over the last five years. Much of that impact is attributable to companies that have been created through the licensing of technology through the UAB Research Foundation. Our Department secures funding from business and government to fund faculty sponsored research and student support to fund semester-long applied research projects.