VOL. 128 | NO. 34 | Tuesday, February 19, 2013
Application Period Now Open for ZeroTo510
By Andy Meek
The application period is now open for ZeroTo510, a local accelerator program in Memphis designed to help start-ups bring medical device products and services to market.
Applicants have until March 25 to line up for the program, which begins May 11 and for which six companies will be chosen to participate. The six that are selected will go through an intense, mentor-driven 12-week program with instruction and hands-on activities designed to shape their ideas and hone their entrepreneurial skills.
Each company chosen for the program will be seeded with $50,000 in capital from co-investors Innova and MB Venture Partners.
The program is operated by Memphis Bioworks Foundation and Innova, and it’s an initiative of the Greater Memphis Regional Accelerator.
At the end of the 12-week program, the participants will pitch to a group of investors. The investors will choose finalists who will get up to $100,000 in additional capital and the opportunity to develop their business even further.
Competition for participation in the program is open internationally, but companies chosen must be based in Memphis for the duration of the program.