Memphis medical device accelerator ZeroTo510 has for the second year in a row been named one of the top startup accelerators in the country.
The accelerator was included in a list of the top 25 business accelerators in the U.S. in rankings announced Friday at SXSW. The rankings are provided by the Seed Accelerator Rankings Project and are based on confidential data that includes metrics like accelerator portfolio outcomes.
The goal of ZeroTo510 – a three-month, mentor-driven program – is to help medical device entrepreneurs navigate the start-up process, refine their business models and achieve the Food and Drug Administration’s 510(k) pre-market notification filing. Applications for the accelerator’s fifth cohort are being accepted until March 15.
So far, ZeroTo510 says the program has accelerated the creation of 20 new companies, $9.2 million in investments, and more than 40 jobs. In addition, 60 percent of graduates have received post-accelerator follow-on funding, at an average of $675,000 per company.
