Like many entrepreneurs, Jack McDermott started his business because he recognized a problem that needed a solution. McDermott’s company, Balbus Speech, makes affordable speech therapy apps based on proven technology. A lifelong stutterer, McDermott knows how expensive speech therapy can be; he spent 15 years in therapy, which cost $200 to $400 per hour. So when Apple introduced the App Store in 2008, McDermott made the connection right away. “I was like how cool would this be if I had software in my pocket and could do speech therapy whenever I wanted?” he says.
McDermott founded Balbus Speech in 2011 while in his sophomore year at Tufts University. The company has since put out two apps, Speech4Good and Fluently, which have been downloaded almost 10,000 times to date. Coming up next is an enterprise app for speech pathologists, and after that, McDermott plans to enter the wider world of special education.