By: CourMed®

MEDC's Innovation Fund Continues to Fuel Growth

McKinney, TX CourMed, a SaaS healthcare concierge delivery service, announced it would be expanding its headquarters in McKinney. The company plans to create 22 new high-tech jobs over the next three years, bringing the total number of employees to 24 with an average wage of more than $71,000. 

The announcement comes after CourMed was recently named to Capital Factory's VIP Accelerator, to help raise their next round of funding and showcased as one of the 'World's Best Startups' by Plug and Play. The company has also been chosen by Microsoft for Startups to receive additional technical, business, and sales support, allowing the company to scale nationwide. CourMed’s CEO, Derrick Miles, holds multiple patents, and was a 2020 runner-up in the Capital Factory’s Black in Tech Summit. Derrick has been featured in numerous media outlets including D CEO Magazine, Pharmacy Times, and NBC DFW to name a few.

 "McKinney has provided a great launch pad for our operations. We have experienced significant success here to date and are encouraged to be able to continue that success with the aid of the MEDC and prime market conditions. In these uncertain times, our customers enjoy the fact that their items are delivered straight to their doorstep," said Miles. 

Their software as a service (SaaS) platform is advantageous for patients, customers, pharmacies, and doctors. CourMed partners with physicians to assist with the free delivery of their patients' healthcare needs. "Our Concierge Referral Program begins with the physician. They will ask the patient if they are interested in free white-glove delivery of their essential healthcare items. CourMed takes it from there. From identifying the independent pharmacy that will be filling the prescription, to SMS status updates on the delivery of those items, we expedite the process for easier and safer access to essentials," said Miles.

CourMed's technology is increasingly relevant due to the overwhelming public interest to stay home and stay safe. Their enterprise software is unique in that it can help their customers receive essential healthcare items delivered for free, without having to leave the comfort of their home, further preventing the spread of COVID-19. 

The company recently received a grant from the McKinney Economic Development Corporation's (MEDC) Innovation Fund and the grant will help the SaaS company with its expansion goals.

"The Innovation Fund will allow CourMed to grow and scale in order to meet the high growth plans we have as a company to expand into additional markets this year and beyond," said Miles. 

MEDC's Innovation Fund was created to spur and accelerate the growth of innovation-focused companies at various levels of revenue and funding stages during the startup life cycle. It's designed to grow with the company as it scales, supplementing growth during the timeliest need in the startup lifecycle, seed or few customers, to Series A and or a more extensive customer base.

"DFW continues to be a region that consistently ranks high in both talent attraction and as a major tech employment hub," said Madison Clark, Project Manager at MEDC. "The Innovation Fund has continued to draw interest from companies on the coasts, major metros, and from right here in DFW. We're excited to partner with CourMed as they scale in McKinney and export this service to other markets across the United States."

CourMed will be expanding their headquarters in The Cotton Mill, a historic building once known as a denim manufacturer in the 1960s. It is now commonly known for its contemporary, artistic office space, home to numerous tech companies, and as a wedding event venue.