Memphis Startup: EcoSurg Pitches At Zero To 510 Demo Day

Every startup that has participated in an accelerator program wants to change the world. Some founders verbalize that they wantto change the world while others just think it. Well the six startups that participated in the inaugural class at Zero To 510, a cohort based medical device accelerator in Memphis Tennessee, are doing it.

Every startup that presented at Zero To 510’s demo day has developed to solve problems in the medical space. EcoSurg is one of those startups.

There is an environmental problem that stems from just about every surgical procedure, every day. Most surgeries use medical positioners which are foam devices that are designed to position patients in ways that are both safe, and the most convenient for doctors. These foam positioners keep legs propped up, arms propped up, patients on their side and other positions so that the surgeons have better access to the surgery site.

According to EcoSurg CEO Ray Randall, over 20 million surgical procedures per year use these foam positioners. This of course creates tons of non biodegradable waste. Specifically these foam positioners contain petroleum-based derivatives. Not only are these medical positioners harmful for the environment, but because of that, they cost more in disposal which is passed down to the customer/patient.

Randall’s company EcoSurg has developed a new line of patient positioners which are manufactured using alternative foam comprised of soybean-based composites.

With Obama Care coming into play in 2014, the amount of surgeries is going to increase significantly. EcoSurg’s medical positioners will help hospitals cut down on costs and help the environment in the process.

Check our Randall’s pitch video from Zero To 510 Demo Day below:

Linkage:

Find EcoSurg on the web here

See more of our Zero To 510 Demo Day Coverage Here

Nibletz is on a sneaker-strapped nationwide startup roadtrip here

Two Down One To Go: Nashville’s JumpStart Foundry Prepares For Demo Day

Last week we were in Chattanooga Tennessee for GigTank. GigTank was the first ever accelerator focused on startups building around 1 GB ethernet. Chattanooga was the first city in the United States with one gigabit fiber optic internet to every home and business in a 600 square mile radius. They beat Kansas City, who’s 1 GB fiber project with Google debuted last month.

We saw some great startups present great ideas. Banyan, a collaborative research tool, that is both up and running,and demonstrated first hand the effects of super fast 1 GB ethernet, was the winner. GigTank broke the mold of the traditional accelerator demo day by offering a $100,000 cash prize to the startup that won their pitch contest in the entrepreneur category.

GigTank broke the mold yet again when they ran a student track along the entrepreneur track. The students received free room and board and incubated at the LampPost Group’s offices in downtown Chattanooga. The student track had a $50,000 cash prize won by two girls whose startup Babel Sushi, is an on the go translating platform. The entrepreneurs incubated at Colab a few blocks down the road from LampPost. The entrepreneurs however, received a $15,000 seed investment.

This Thursday was Demo Day for the ZeroTo510 accelerator in Memphis Tennessee. The ZeroTo510 accelerator was a joint project of the Memphis Bioworks Foundation and Seed Hatchery. It was also the first cohort based medical device accelerator.

Zeroto510’s demo day was more traditional in that there wasn’t a cash prize but rather a showing of what the six teams were working on and what they had accomplished in the 90 day period. All six teams did a great job presenting. They all had viable go to market strategies as well as thoroughly researched projects. Some actually had products to show off, which is a break from the traditional web based accelerators.

Patrick Woods, Director at archer>malmo’s a>m ventures group said “there was actually physical products you could touch” making reference to the several accelerator demo days he’s seen where everything was either on the web, in the cloud or still in pre-release formative stages.

You can see a quick background on the six teams at ZeroTo510 here.

Some of the presenters had already secured physical trials, others, like Restore Medical had great news, like the fact that they already had a purchase order for $3.75 million.

Next week marks the end of the current session of Nashville’s Jumpstart Foundry. Now in it’s third year, the JumpStart Foundry has a great class of startups that will be pitching next week.

Life in an accelerator is tough. Tennessee Venture Capitalist and Partner at Solidus, Vic Gatto, told nibletz last week that there were originally ten teams in JumpStart Foundry and three have since dropped out. The best of the best for next week are ready present and include:

Contigo Financial, an online consumer lender offering a suite of responsible loan products through the workplace.

Jamplify (formerly OKDJ), a social media marketing platform which turns fans into active promoters of online content.

The Skillery, a marketplace for classes and workshops led by experts in the community.

Evermind, the first consumer-friendly senior monitoring system. If you can plug-in a surge protector and use a smartphone, Evermind is easy.

Kiwi (formerly Wax), the best way to capture any exciting moment on video.

PhotoRankr, the first online photography marketplace to leverage the power of social media.

OurVinyl, allows users to discover new music through video. The modern day MTV minus the re-runs.

Nibletz is the voice of startups everywhere else and the national voice of startups in Tennessee we can’t wait to see what these great startups have to offer.

Linkage:

There are still a limited number of tickets available for JumpStart Foundry’s Demo Day get them here

Nibletz is the national voice of startups in Tennessee and everywhere else, check out our southern coverage here

Memphis Startup: Restore Medical Kicks Off Demo Day With A $3.75M Purchase Order

We have no problem admitting that ninety percent of the ideas, and startups that are showing off today at Zeroto510’s demo day fly way over our head. There’s one thing we know real well though and that’s millions of dollars.

Today in Memphis Tennessee, Zeroto510, the first cohort based medical device accelerator in the country graduated their first class. For an overview of the accelerator and the startups presenting today, click here.

One of the startups we’ve gotten a chance to know here in Memphis is Restore Medical. We met co-founders Ryan Ramkhelawan and Shawn Flynn at an office hours event we held in Memphis in June. That’s where we first heard about there new and innovative way to sterilize surgical instruments.

Traditional methods of sterilizing surgical instruments have been in place since Flynn was a surgical assistant in the US Army 20 years ago. Yes, with all the innovation we’ve experienced in the country in the last two decades, the sterilization of surgical instruments still resembles the way a high volume chain restaurant washes their silverware for a dinner rush. Instruments are piled into a basket with no regard for blades, needles, pins and of course accidents.

Restore Medical has two key elements to their business; protecting patients from infections from dirty instruments and saving hospitals money. Restore Medical’s new sterilization process does both. Restore Medical’s process keeps the surgical instruments separated, or rather organized and spread out in a way that every instrument is equally sterilized throughout the process.

When we met at office hours the duo explained that there are a lot of faults in the current system. They should know this as both have had surgery support career paths for over 20 years. One of the faults is the fact that if one tool is missing from a set of tools for a procedure the operating room needs to call down for a brand new set. This can take up to two hours, on a rush. Doctors are faced with whether they are going to keep a patient under anesthesia for the wait or wake them up and put them back under. Of course both of those options can be costly and risky.

During the presentation today Flynn highlighted the fact that with Obama Care taking effect in 2014, there will be 30 million more patients in the system. Now is the time that hospitals need to streamline processes, cut down costs and maximize their certifications. Hospitals need to make sure that their infection rates are low so that they can be reimbursed for patients they take without traditional insurance.

Restore Medical can increase revenue for hospitals by $14.5 million dollars per year (each) and save $500,000 in hard costs.

Their technology, coupled with the revenue by changing to Restore Medical’s system has attracted 5 Wellstar hospitals to already putting in a purchase order. The purchase order hinges on Restore Medical getting their 510K. If their 510K is approved that purchase order is $3.75 million dollars.

Linkage:

Check out Restore Medical Here

Check out Zero to 510 here

Nibltez is the voice of startups “everywhere else” here are more startup stories from “everywhere else”

Memphis Gears Up For Zeroto510 Demo Day

When you think about Memphis Tennessee thoughts of music, culture, barbecue and Elvis Presley often consume those thoughts. You may not be quick to associate the birth place of Rock & Roll and the overnight package (FedEx) with startups, innovation and bio medical devices.

Since 2006 Memphians have band together to launch several entrepreneurial and startup resources. In fact the city of just under 650,000 residents has an infrastructure of resources for startups and entrepreneurs that would rival cities twice it’s size.

Four of those resources, Seed Hatchery, the local startup accelerator program; Memphis Bioworks Foundation, the local bio and life sciences incubator; along with Innova and MB Ventures (both venture capital firms) have created Zeroto510.

They’re calling Zeroto510 the first cohort-based medical device accelerator. To that end Eric Matthews the President of Seed Hatchery is working with Allan Daisley, who runs Memphis Bioworks, to apply the Seed Hatchery and familiar tech incubator model to medical device ideas, and turning them into startups.

Charleson Bell, a PhD candidate at Vanderbilt University, and the co-founder of Zeroto510 resident company, BioNanovations explained: “Doctors and researchers have great ideas that often times get shelved because they don’t have the resources or skills to apply a business model to those ideas”.

That’s exactly why Seed Hatchery and BioWorks started Zeroto510. Chief Brand Officer at LaunchYourCity, the company that manages Seed Hatchery told us: “In addition to seed capital and mentorship the six companies in Zeroto510 also receive advice on marketing their idea and pitching it to investors”.

Mike Hoffmeyer CEO and Co-Founder of Memphis based Paytopia was a recent graduate from the 2012 class at Seed Hatchery, and told us “I consider myself a smart guy but after a few minutes of Zeroto510 pitches I was totally lost”. Hoffmeyer is helping the Zeroto510 residents with refining their pitches into laymen’s terms.

For a better understanding to Bell’s company for instance. Bell and his co-founder Andre T. Stevenson developed separate research projects at Vanderbilt. Bell had discovered a new nanoparticle that could be used with far better accuracy than what’s currently available, to identify and track virus’, bacteria and infections. Prior to Zeroto510 Bell would roll through his presentation despite losing people’s attention because he was talking over their heads.

Now his pitch includes a great description of a nanoparticle “imagine taking one piece of human hair and dividing it by 1000, that’s roughly the size of a nanoparticle”. The PhD scientist seems a little uneasy about the example because you can’t objectively measure one piece of human hair, but it gets the point across.

The name Zeroto510 comes from the term 510K clearance which is the clearance given to medical devices. With a 510K a similar device or process that has already been approved by the FDA is compared to the new process or device, which fastracks the approval process at the FDA.

The goal around ZeroTo510 is to take the medical device and process startups from 0 to a point where they are ready for their 510k

There are six startups in all going through the current session at Zeroto510 which are:

BioNanovations uses nanotechnology to more quickly diagnose specific types of bacterial infections. Rather than treating with broad antibiotics and waiting days for test results, TestQuick provides physicians a portable option that can recognize a flesh-eating bacteria in only 30 minutes.
HandMinder is building a glove-like device that aids the rehabilitation process for stroke victims. Self-contained and battery-operated, the glove provides an affordable and convenient alternative for regaining motor control.
Nanophthalmics brings engineering concepts to clinical medicine, creating microscopic tools with etched glass for ocular surgery which will help remove scar tissue for patients with retinal or corneal diseases.
Randall Surgical is working on soy-based surgical positioners, an eco-friendly alternative to the foam currently used that contains petroleum and releases toxic chemicals when incinerated after use.
Restore Medical Solutions increases the speed and effectiveness of the sterilization process necessary for surgical instruments. Their product could lead to cleaner tools and the ability to perform more surgeries in a day- wins for both hospitals and patients.
Urova Medical is building UroGuide, a device that can be implanted during an outpatient procedure that provides a permanent and safe solution to stress urinary incontinence in women.

Like most incubators, the current session at Zeroto510 will culminate with an investor pitch day later this afternoon. If the program is effective, the audience will have no trouble understanding the brilliant minds behind these startups.

Linkage:

More about Zero To 510 here

Check out LaunchMemphis.com

Nibletz is the voice of startups “everywhere else” here are more startup stories from “everywhere else”

Tampa Startup Banyan Wins Entrepreneur Track At Chattanooga’s Gig Tank

Over 500 people came from across Tennessee and across the USA to Chattanooga TN Wednesday and Thursday for GigTank’s Demo Day.

GigTank is a 90 day accelerator program based in Chattanooga with an emphasis on using Chattanoga’s 1GBPS internet. Chattanooga was the first city in the United States (edging out Kansas City and Google by a year), to implement 1gbps internet. Every resident and business in a 600 square mile radius has 1gbps fiber optic line straight to their home or business.

Chattanooga was able to set up the 1gb fiber by rolling out a smart grid that provides communications from utility meters at every home and business back to a central location. Citizens of Chattanooga can elect to get data and tv services from the 1gb fiber pipe in their homes on a monthly subscription based model.

Chattanooga’s GigTank accelerator featured two separate tracks. The entrepreneur track was a traditional 3 month accelerator model with a seed investment, and access to services, mentors, office space and other resources. The student track was similar to the entrepreneur track but without the seed investment. Students participated in a pitch contest in Chattanooga Thursday where they competed for a $50,000 prize.

The winner of the entrepreneur track was a Tampa Florida startup called Banyan. The Banyan team was Toni Gamayel, Travis Staton and TJ Weigel.

Banyan is a cloud based collaborative research system. This allows researchers who are working on the same project to keep their research together. It also solves major pains for those managing the research.

During Gamayel’s pitch he brought up an instance where two students at the University of Kentucky were working on the same exact research one floor above each other and didn’t even know it. With Banyan the research manager would have easily been able to identify this duplicate research.

In another instance a Stanford professor had been working on some research. The need arose to validate that the particular research he was working on was being performed at the school rather than at home or another lab. With Banyan they could have easily identified the source of the actual research.

Banyan took a $100,000 check back to Tampa where they plan on using it to beef up their development and marketing. Gamayel is very active in the Tampa startup community. He was a judge for a recent Startup Weekend in Florida and is well known as a resource and mentor in the region. In fact he has provided mentorship to Feathr a Gainesville based startup that is working on eliminating the paper business card.

Check out Banyan’s complete pitch below:

Linkage:

Check out Banyan’s website here

Here’s more of our GigTank coverage

Love what we do, click here, do it, RT, Repeat

Georgia Startup: Vigia Shows Off Their Concept That Will Make Campus Life Safer VIDEO PITCH

Well we’ll be honest with you here, when we read the initial synopsis of Vigia we thought it wouldn’t be that exciting. When Anthony Guglielmo got on stage and started talking about a bee sting, we were still on the fence. However that bee sting shed light on a much bigger problem for college students on large campuses that has really snowballed in recent years as wireless phones and smartphones became more prominent on college campuses.

The problem here is that college campus’ public safety infrastructure is disrupted on a 911 call by the wireless companies who are required to route phones to the nearest 911 center. To put it in perspective for you, if you got stung by a bee, and were allergic to bee stings without an epi-pen near by, you would most likely call 911. From there you would be routed to the county or cities 911 center not your campus security or EMS.

In an incident like that the few seconds or minutes could prove fatal if you don’t get your medicine in time. Perhaps it’s because of the recent tragedy in Colorado, but getting direct access to campus security and public safety could prove to be life saving for a number of reasons.

Enter Vigia, a startup from Athens Georgia. Vigia is a platform that allows a smartphone to connect directly to their public safety professionals and dispatchers and enhances the emergency services for the public.

In addition to routing your call more efficiently you can also add a profile to your device. If you’re allergic to bees, medicine, diabetic, or have any other medical condition, a profile could be delivered to a 911 center that could get you the help you need quicker.

Check out Guglielmo’s pitch video below, you’ll agree that Vigia is a great idea.

Linkage

Check out more GigTank coverage here

Nibletz is the voice of startups “everywhere else”

We’re on a sneaker-strapped, nationwide startup roadtrip and need your help here.

Video Pitch: Asheville Startup Corpora Pitches At GigTank Demo Day

One of the startups in the entrepreneur track at the GigTank in Chattanooga is Corpora from Asheville. Corpora is a real time intelligenet agent that uses Twitter status updated and other public facing data to determine the health of individuals by geography, providing insights into the spread of illness and quantifying the impact of previously elusive factors on public health.

Andrew Abumoussa the CTO of Corpora was ready with his presentation on what seems to be an innovative new way to track health problems in mass. Now we’re not talking about an ecoli breakout. In his slides he showed off the value of aggregating this data from Twitter for things like allergy breakouts and other similar problems.

One of the judges asked Abumoussa if they were working on aggregating the data from other social networks telling Abmoussa he didn’t see people “Tweeting about that rash”. After a quick chuckle from the audience that raised a valuable point.

The team hails from Asheville North Carolina and is hoping to win the GigTank contest today and walk away with extra venture capital from one of the 500 investors in the room.

Check out his pitch here:

Linkage:

More Gig Tank Demo Day coverage here

Nibletz needs your help here

Chattanooga GigTank Mentors Log Over 600 Hours

One of the biggest things that’s struck me about the Gig Tank and Gig Tank’s demo day is how the entire city has come out to show their support. Last night we talked about how various businesses throughout downtown Chattanooga participated in the event by holding events.

We went to a reception at co.lab as well as CraftWorks headquarters. There were other events earlier in the day that we unfortunately missed.

This morning there was a bike ride organized, a tour of the Hunter Museum and a tour of the world famous aquarium here in Chattanooga. Chattanooga as a whole seems invested in the success of the entrepreneurs and students who’ve been hard at work the past three months in anticipation of the big day today.

Chattanooga is also invested in the gig itself. It’s exciting that 1 gb fiber is available everywhere in a 600 square mile radius. This morning we had the opportunity to have breakfast with Hamilton County Mayor Jim Coppinger who admittedly isn’t a big “tech” guy but certainly understands the opportunities that come with the smart grid and the 1gb fiber.

The entire “gig” is part of his county. There are 340,000 folks in Hamilton County and of course the biggest part of that is the approx 170,000 people living in Chattanooga.

Coppinger is excited about where the “gig” goes for infrastructure, beyond running communications for power and water for residents and businesses. Coppinger is excited about what the gig will do for education in his county. Currently he has high schools with 500 students and on the other end of the spectrum, schools with 1500. Using remote teaching, relying on the back bone of the gig would mean that students county wide would have a consistent quality of education.

Mayor Coppinger, who served as Fire Chief before being elected Mayor, is also excited about what “The Gig” can do for public safety and first responders.

On the entrepreneurship side Mayor Coppinger is ecstatic about what’s happening with the Gig Tank along with the 60 companies being grown at a small business incubator on the north shore. That incubator has held 60 companies at a time and generally employs 300 per session.

Chattanooga’s support came out this morning when Four Bridges Capital and co.lab’s Charlie Brock pointed out this morning that the mentors for the GigTank entrepreneur’s track offered up a cumulative total of over 600 hours of mentorship during the three month session.

Mentor’s really got engaged with the entrepreneurs and the students as well and have provided more guidance than one would expect, which all lends itself to the buzz going on in Chattanooga surrounded by “the gig”

Linkage:

Nibletz is the voice of startups “everywhere else” here are more startup stories from Tennessee.

We sure could use your help