Mississippi's Tech Startups Get a Boost
Mississippi is actively working to grow its tech scene. Innovate Mississippi is playing a crucial role by offering a 12-week program for startups. Seven companies are receiving funding and training, and they will soon pitch to investors.
SimpleScript: Finding the Best Prescription Drug Prices
Alex Bucklew and Johnathan McAdory founded SimpleScript, a platform that helps users find the best prices for prescription drugs. They needed support to scale their business, and Innovate Mississippi provided them with advice and funding.
The Challenge of Building a Tech Ecosystem
Mississippi currently has few tech startups. Innovate Mississippi bridges the gap by connecting entrepreneurs with investors. Tony Jeff, the CEO, highlights the difficulty in finding the right talent and resources. Without support, founders might leave the state.
CoBuilders Accelerator Program
CoBuilders is the accelerator program that teaches startups how to pitch to investors. Each company receives $25,000 and will pitch on November 11, aiming to raise $100,000 each.
The Importance of Investor Support
Startups need capital to grow quickly. They rely on angel investors, who provide early-stage funding. Jeff advises founders to research competitors and gather user feedback to refine their products.
Vertical Take-Off Reading: Improving Student Literacy
Leta Palmiter started Vertical Take-Off Reading, a tool that measures students' reading skills. Recognizing a gap in the market, she teamed up with Ben Stasa to create software that records students reading and helps teachers track progress.
Colleges Supporting Startups
Mississippi's colleges are actively supporting startups by hosting pitch competitions and connecting founders with resources. Ricky Romanek started ClaimTra, a platform that helps hospitals recover insurance claims. He notes that there are many resources available for tech entrepreneurs in the state.
The Future of Tech in Mississippi
Jeff believes that tech jobs can help retain young talent in Mississippi. However, finding the right startups remains a challenge—there is more money than good ideas. Innovate Mississippi is nurturing local companies, and Romanek believes the state has untapped startup potential.