Four teams with the goal of turning promising ideas for biotechnology and health care devices into marketable businesses were tapped Monday to become the 2015 participants in the ZeroTo510 medical device accelerator program operated by the Memphis Bioworks Foundation.
The companies won $50,000 in seed capital from Innova and MB Venture Partners and 12 weeks with the help of mentors to seek 510(k) premarket filings from the U.S. Food and Drug Administration, paving the way to markets for their products. On Aug. 13, teams will learn whether investors may offer up to $100,000 more in capital for their startup businesses.
The four selected, for the ZeroTo510 program’s fourth year, are:
Sweet Bio, which uses medical-grade honey as one of the ingredients in membranes for tissue regeneration used in oral surgeries. The team has ties to the University of Memphis and San Francisco.
SiteSaver, from Little Rock, Ark., developed a device that protects patients’ intravenous sites.
GlucosAlarm, from Chihuahua, Mexico, has a technology to measure glucose in patients’ urine.
Inspire Living, from Fairfax Station, Va., made a portable health monitor for children providing automated respiratory and rapid vital exams.