Four medical startup companies participating in the ZeroTo510 Medical Device Accelerator program in Memphis, Tenn., have received $100,000 in funding, according to a Memphis Business Journal report. The companies receiving the funding are BioNanovations, EcoSurg, Nanophthalmics and Urova Medical. It is the second round of funding for the companies. In return for an equity stake, each participating company in the accelerator program initially received a $50,000 investment to work on developing a business plan and designing prototypes of devices. In August, the companies presented their products to potential investors and were selected to receive the additional $100,000 investment, for an incremental equity stake.
To read the original article: Four TN Medical Startups Receive $100K in Funding
