The ZeroTo510 medical device accelerator program has chosen the six new teams that will participate in the program’s 2013 cohort.
They are AIS Inc., a local team led by a biomedical engineer student from the University of Memphis. It’s building a leadless, single surgery GPS- and Bluetooth-enabled hybrid cardioverter defibrillator. Better Walk is led by a team of biomedical engineering students from Georgia Tech that’s making a redesigned crutch that eliminates a common crutch complaint – the discomfort in the underarm due to axillary nerve damage.
Cuff-Gard is led by a nurse from West Memphis and has designed a disposable skin barrier to protect and extend the life of blood pressure machine cuffs. Health and Bliss is led by a team from Baltimore and is attempting to revolutionize the way people detect strep throat by introducing a patented self-contained screening test. Mobilizer has a device that’s modeled after a wheeled walker but includes shelves and attachments that help carry around other things like IV drips and oxygen tanks, and SurgiLight is led by a team that’s designed an LED light for use in surgeries.
Starting today, the companies will go through a mentorship-driven, 12-week program of instruction and hands-on activities. Each company will get $50,000 in initial seed capital from co-investors Innova and MB Venture Partners.
The 12-week program will culminate in Demo Day on Aug. 8, when the participants will pitch to a group of investors. Finalists could receive as much as $100,000 in additional capital and the opportunity to further develop their businesses in Phase II of the program. And, there’s the potential for additional funding from investors.