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BoldHue's Fundraising Efforts in a Tough Climate

September 22, 2022

Rachel Wilson, CEO and co-founder of BoldHue, discusses her plans for the makeup company. At the time we spoke with her, she said she was raising a $500,000 pre-seed round that she expected to close within 60 days, followed by a later $3 million round to manufacture and distribute the product. 

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With Meta support, Librarium Announces VR-based Educational Product

September 15, 2022

Back in May, the virtual reality education company was meeting with investors and planning a $1.5 million seed round, which it hoped to announce imminently in preparation for the company’s product launch by the beginning of the 2022-2023 school year.

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Iron Mule

September 6, 2022

Experts have been warning entrepreneurs that access to the pool of startup funding is going to be tightening. One Idaho startup has found that one the hard way. But Matthew Bishop, cofounder and CEO of Iron Mule Inc., is regrouping to take another shot at it.

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Four Reasons Why Entrepreneurship is Critical for Idaho

September 6, 2022

Although most people agree that entrepreneurship is important, they may not fully understand how it impacts the lives of more than Idaho’s 1.8 million residents. That’s why Boise Entrepreneur Week co-chairs Nick Crabbs and Tiam Rastegar explained how entrepreneurship is critical for the Gem State in their recent Idaho Business Review article.

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Don’t take this Idaho agriculture startup for granite

August 31, 2022

Any farmer knows that the bane of their existence is rock-picking. And no matter how many rocks you pick, there’s always more. Where they come from is one of those eternal mysteries, but an Idaho startup, TerraClear Inc., is working to solve the problem.We interviewed Trevor Thompson, president of TerraClear, via email. Questions and answers have been edited for clarity.

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Boise Entrepreneur Week pitch competitions ramping up

August 29, 2022

Fans of Boise Entrepreneur Week know that one of the most anticipated parts of the event is the awarding of big checks – figuratively as well as literally. And with what looks like this year’s return to an in-person event – crossing our fingers – the checks are going to be bigger than ever, with a potential total of more than $300,000.“This is the largest amount of prize money that has ever been able to be won at Boise Entrepreneur Week,” said co-chair Nick Crabbs. The event is scheduled for Jack’s Urban Meeting Place in downtown Boise from October 24 to October 28.On the other hand, the size of the checks depends on the generosity of the community, said co-chair Tiam Rastegar. “Our stated internal goal is to give away $100,000 to the first-place winners of the Pitch Competition and Trailmix,” he said. “Our ability to award those sums is tied to sponsorships,” which the organization is in the midst of raising. “We feel good about hitting the goal, but we can’t guarantee it. I’m 90% sure we can award $50,000.” And if the organization hits its sponsorship goal – hint, hint – then it can double the size of the first- and second-place payouts, he said. “We want to be on par with other pitch competitions,” he said. But there’s more to the value of the pitch competitions than just the funding, Crabbs said -- though of course funding is welcome to any startup. It’s the validation from the community.“Entrepreneurship is hard,” Crabbs said. “Oftentimes, people are risking everything to start a company. Pitch competitions like these and Boise Entrepreneur Week are a way for us to help support them on their journey. It’s really important for entrepreneurs to know there’s other organizations out there who have their back.”

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Developing a healthy culture of innovation at St. Luke’s

August 23, 2022

As observers such as Clayton Christensen have noted, it’s tough for big organizations to maintain a culture of innovation. St. Luke’s Health System wants to change that. The nonprofit health organization is setting up an internal organization that is intended to help it look at problems with more of an innovation mindset. For now, the organization is being known as the Innovation Center of Excellence. “We have dreams of a cooler name,” laughed Molly Zimmer, the product manager leading the Innovation Center.

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Galena Innovations developing way to prevent preterm labor

August 16, 2022

One of the biggest traumas in a person’s life is the loss of a wanted pregnancy. Ashley Crafton is working on a way to prevent that.The device she’s developing, the Hannah cervical cup, is similar to a menstrual cup, but instead of catching something that’s coming out, it’s strengthening the cervical opening by stimulating it.“Obstetrics has been a stagnant field as far as innovation since 1960s,” Crafton said. “The innovators and entrepreneurs focused elsewhere. You can 3d-print an exact replica of a 65-year-old man’s heart to build a valve just for him. It’s time for things to change.”

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