Prosper HealthTech Accelerator lands at historic One721 building in Birmingham

The One721 building in downtown Birmingham. Photo via Nathan Watson for Bham Now

A new tenant has announced plans to locate their offices in the historic One721 building along 3rd Avenue North in downtown Birmingham. Keep reading to learn more about the Prosper HealthTech Accelerator and their plans for their new Birmingham office!

Meet the Prosper HealthTech Accelerator

Prosper’s new headquarters will be located at the One721 Building in Birmingham. Photo via Nathan Watson for Bham Now

Earlier this year, Prosper—a coalition of leaders committed to fostering a vibrant and racially inclusive economy—announced their new HealthTech accelerator, made possible due to a partnership with gener8tor. Prosper’s HealthTech accelerator aims to invest in minority- and women-owned startups from around the country, with funds managed by Redhawk Advisory.

During the 12-week accelerator program, chosen startups will take up residency in Birmingham to receive individualized coaching and mentorship from the gener8tor team, as well as one-on-one meetings with hundreds of successful innovators and entrepreneurs in the Birmingham area. In addition, chosen startups will receive a ton of benefits, including:

  • Office space within Prosper’s headquarters.
  • Weekly cohort programming, with topics such as how to choose a revenue model and how to pitch to investors.
  • The opportunity to build relationship within the five-company cohort, as well as with the community of gener8tor alumni.

The first group will start recruiting in Fall 2021. Click here to apply or speak with a Prosper HealthTech Accelerator team member.

Located in the Historic One721 Building

An old photo of the historic One721 Building, once the home of the Seals Piano Company. Photo via Harbert Realty

Located at 1721 3rd Avenue North, One721 is a historic building that dates back to the early 1900s. According to BhamWiki, the building has had several tenants throughout the years:

  • Ferrell Furniture Company (1925)
  • Sokol Brothers Furniture (1929 
  • Seals Piano Company (1930s)
  • Green & Stein Furniture Co. (1950s)
  • Black Ross Furniture Co. (1960s)
  • Sonny Boy Products (2010s)
The One721 building in downtown Birmingham. Photo via Nathan Watson for Bham Now

In 2019, Harbert Realty Services purchased the building and launched a $3.6M renovation of the historic structure. During the renovation, the 14,000 square foot building was retouched, adding modern finishes with a unique design. Inside, the building features hardwood floors, expansive & tall ceilings and skylights on the second story.

The One721 Building is also home to the Alabama Futures Fund, a startup accelerator that aims to bring new & exciting startups to The Magic City.

Excited to see the One721 Building add new tenants? Tag us @bhamnow to let us know your thoughts!

Nathan Watson
Nathan Watson

Senior Content Producer + Photographer

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