Our partner ZeroTo510 is a top-ranked US medical device business accelerator
What are business Accelerators?
Business accelerators will generally offer all of the services offered by a business incubator but differ in several respects. Accelerators are more hands-on and intense than incubators, making use of a kind of boot camp approach to venture creation. They often take an equity stake in the startup and require the startup to exit in less time than an incubator. They usually have a greater focus on companies entering or growing in a national or global market. They are also more likely to be financed by venture capitalist looking for an opportunity to finance growth potential through defined action plans. And a final key difference is the level of hands-on involvement by accelerator management which should increase the chances of success.
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Who is ZeroTo510?
- ZeroTo510 is part of Memphis Bioworks Foundation, the Mid-South’s go-to organization for creating companies, jobs and investments in bioscience.
- While other accelerators handle businesses in various segments, ZeroTo510 works only with Medical Device businesses and is further distinguished because:
- Its focus is on actual devices and clearing 510(k), which sets them apart from most who don’t really have the experience there.
- Many others have a much shorter term focus (want to see companies in revenue within 6 months) whereas ZeroTo510 is more realistic about the time it takes to get a product through the FDA and set up our program to make sure companies can survive for the 12-18 months (which is really a best case scenario for a device) that it takes to even have a sniff of revenue.
- It has a 2-phase program where they don’t kick you out after 3 months and let you sink or swim. ZeroTo510 continues to support you in its space.
- 3-D printing AND professional machine shop at its facility
- Located in the Memphis medical center surrounded by top institutions like St Jude Children’s Research Hospital and the Campbell Clinic
- Supported by two early stage investment firms as part of its team
- Ranked #14 of all US accelerators
Benefits for you by working with Superior and ZeroTo510?
- First, Superior may provide a Medical Device Business Review of your business. The review is meant to provide a comprehensive evaluation of your medical device business. After issuing our findings, we discuss those findings with you, and then work with you to strengthen areas of your business that are weak.
- Businesses who obtain the Medical Device Business Review will also qualify to obtain an introduction to ZeroTo510.
- Learn more here: