Four teams have been chosen to participate in the 2014 ZeroTo510 medical device accelerator and started the 12-week program, now in its third year, at the Memphis Bioworks Business Incubator this week.
The participants are Blood Monitoring Solutions, EndoInsight, Innometrix and Compression Kinetics.
Blood Monitoring Solutions is led by a recent graduate from Vanderbilt University, and it has created a tracking system device that reduces the amount of blood wasted in hospitals due to compliance parameters.
EndoInsight, meanwhile, is bringing to market a novel low-cost carbon dioxide insufflation system that will help reduce the pain and discomfort associated with colonoscopies. Innometrix has cultivated a diagnostic technology that produces a biomechanical snapshot of the female pelvic floor that will give physicians better data before surgery. And Compression Kinetics has created a new type of compression sleeve that uses a shape memory alloy to create a pressure wave to boost circulation throughout the body and decrease peripheral edema.
Each company will get $50,000 in initial seed capital from co-investors Innova and MB Venture Partners. The accelerator program will conclude with “Demo Day” Aug. 14, when the participants will pitch to a group of investors.