Rescription has Rx for prescription drug pricing

June 23, 2022

Median drug prices for a year’s supply increased from $2,115 in 2008 to more than $180,000 in 2021, according to a recent study published in the Journal of the American Medical Association.That’s something Scott Martin, founder and CEO of Ketchum-based Rescription Inc., wants to change. “A drug is made,” Martin said. “There’s a distributor. There’s a pharmacy. Employees get a prescription. It goes to insurance. This should not be that complicated. They’ve turned that into an insane system that doesn’t need to be like that.”


Four Boise-based startups hope for funding

June 20, 2022

With a return to in-person events, Trailhead held a live Pitch Night on June 7 in Boise, with four Boise-based startups looking for funding. The event didn’t feature “winners” as such, but enabled the founders to present their companies to a variety of people in the startup ecosystem who could help them develop further.


Soiltech aims to be outstanding in its field

June 7, 2022

It’s hard not to make jokes about “seed rounds” and “growth companies” when talking about agricultural technology such as one Idaho startup’s Internet of Things entry. The device is a sensor that can detect factors critical to crops, such as temperature, humidity, and moisture. Moreover, it’s not only planted in the field, but is harvested with the crop to continue sensing those factors, which can affect storage and processing.“Farmers grow on the edge,” said Ehsan Soltan, founder of Soiltech Wireless Inc. “The difference between making money and losing everything per season is a very fine line.”


Startup uses crowdfunding to get it off the ground

May 31, 2022

Pitch Aeronautics Inc., developing a drone that can perform high-altitude inspections more quickly and safely, launched its crowdfunding raise on May 31 on StartEngine, a crowdfunding platform geared to startups. The crowdfunding round, with which Pitch Aeronautics hopes to raise $1 million, is a follow-on from the $250,000 IGEM grant it received from the Department of Commerce in partnership with Boise State University in 2020, and will enable the company to develop a prototype model for demonstrations this summer, said Zach Adams, cofounder and chief engineer. “The people we’re competing with aren’t other drone manufacturers,” Adams said. “It’s people on ropes and ladders and helicopters and cranes.”


Boise Entrepreneur Week Pitch Finalist Wins $50,000 in Bloomberg Television Network's 2 Minute Drill

May 18, 2022

Adam Stock, founder of Cargo Made-EZ, took home $50,000 as the winner of the third season of Bloomberg Television Network’s 2 Minute Drill. As the winner of the 2021 Boise Entrepreneur Week pitch competition, Stock automatically qualified to participate in the third season finals of 2 Minute Drill.


What’s nifty – and what isn’t – about NFTs

May 17, 2022

It’s been difficult lately to avoid hearing about NFTs, or non-fungible tokens. It sounds like science fiction. Two people, without even knowing each other or their identities, could sell things to each other, including intangible items such as music or computer-generated art, safely and reliably, without having to worry about proving authenticity, currency conversion, or having any banks or governments involved with it at all.So what’s the problem?



May 10, 2022

Every company knows stuff about its customers. Too much stuff. There’s so much material that it can’t be summarized into anything actionable.That’s where SturdyAI comes in.“We take all of the communications that a business has with its customer – support tickets, email, chats -- organize them in one spot, and use artificial intelligence or natural language processing to extract relevant relationship triggers,” explained Steve Hazelton, founder of SturdyAI. The software “de-noises” the message stream and then uses robotic process automation to route information to the right people, such as sending happy customers to marketing to act as references, and looking for unhappy customers to help them out. “Someone who reports three bugs in 90 days is four times more likely than someone else to cancel, so we identify and triage that,” he explained. “There’s a huge amount of lift a business can get when they use data they never thought of using,” Hazelton said. “All this information and they have no data at all.”


What’s all the chatter about ChatterQuant?

May 3, 2022

You may remember, early last year, when stock in several companies – notably GameStop, but also AMC – suddenly boomed due to discussions on social media. A Boise startup, ChatterQuant, is working to capture such movements as they happen.The company already has 12,000 customers and won the Idaho Entrepreneur Challenge pitch competition and at Hackfort. “We collect data on different social media platforms in real time to identify social sentiment around stock, positive or negative, then we extract price targets, what price people are buying or selling, and entry and exit prices,” said Christian Perry, founder and CEO. The company also can make other insights, such as whether people are converging on certain topics – which stocks are most closely associated with Russia, for example. 


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