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SmartScripts expands to Iowa City with plans to hire 100 people

SmartScripts

June 13, 2019

Washington, Iowa-based SmartScripts is expanding to a second location in Iowa City.

SmartScripts announced Wednesday its expansion to the ACT property in Iowa City. As a result of the expansion, the company says it has plans to hire more than 100 employees.

With the SmartScripts system, medications are produced and packaged in individual pouches based on when patients need to take them. So, if you take three meds in the morning SmartScripts collates it into one individual pouch. The times on the pouches are customized for each patient to what is optimal therapeutically and to what the patient is used to.

Being close to to the University of Iowa played a big role in SmartScripts’ decision to move into Iowa City.

“We’re excited about the talent pool that is in the Iowa City area,” said Todd Thompson, the company’s CEO and co-founder, in the release. “We hope that the University of Iowa will provide a steady stream of talent to fill positions within the company.

Previous coverage

SmartScripts: A new way to package and deliver prescriptions -June 26, 2019

SmartScripts: Automating the pharmacy – Nov. 29, 2017

Tags: SmartScripts

SmartScripts expands to Iowa City with plans to hire 100 people | Clay & Milk

A central Iowa ag-tech accelerator has secured more backers and finally has a name. The Greater Des Moines Partnership first announced the accelerator last year, naming four initial investors. On Monday, the Partnership said the program will be called the "Iowa AgriTech Accelerator" and named three new investors. The new investors include Grinnell Mutual, Kent Corp. and Sukup Manufacturing, all Iowa companies. They join investors Deere & Co., Peoples Co., Farmers Mutual Hail Insurance Co. and DuPont Pioneer. Each investor has agreed to put up $100,000 for the first year of the accelerator. Startups entering the program will receive $40,000 in seed funding in exchange for 6 percent equity. Tej Dhawan, an angel investor and local startup mentor, is serving as interim director until the AgriTech Accelerator names a permanent leader. Dhawan held a similar role with the GIA before Brian Hemesath was named as managing director. As interim director, Dhawan said his main job includes hiring the accelerator's executive director, establishing a business structure and initial recruiting for the first cohort. The accelerator will place few filters, such as location and product, on the applicant pool, Dhawan said. "When you’re seeking innovation, innovation can come from every corner of the world so why restrict ourselves," he said. One area the the AgriTech Accelerator won't recruit from is biotech. For its first cohort, the AgriTech Accelerator will work out of the GIA's space in Des Moines' East Village, Dhawan said. A future, permanent home is still to be decided. The accelerator's program will host startups from mid-July through mid-October, ending with an event connected to the annual World Food Prize. The GIA, which the AgriTech Accelerator is based on, also ends with presentations at an industry event. The accelerator has also started lining up a mentor pool. The Iowa Corn Growers Association, Iowa Soybean Association and the Iowa Pork Producers Association have agreed to provide mentors, as has Iowa State University. While the AgriTech Accelerator is loosely based off of the GIA, it will differ in its business structure, Dhawan said. The GIA runs through a for-profit model for both operations and its investment fund. The AgriTech Accelerator will have a nonprofit model for its operations and a for-profit setup for its fund. Dhawan said the nonprofit model is being used so the accelerator can better work with other nonprofit partners, such as trade associations. "These are all organizations that are nonprofits and can be amazing stakeholders without ever having to be investors in the accelerator," he said. "It becomes easier to work with trade associations in their nonprofit role when we are also a nonprofit." When it's up and running, the AgriTech Accelerator would be one of a handful of ag-focused startup development programs in Iowa. Others include the Ag Startup Engine out of Iowa State University and the Rural Ventures Alliance from Iowa MicroLoan. Matthew Patane is the managing editor and co-founder of Clay & Milk. Send him an email at mpatane@clayandmilk.com.

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