Many Hands Make Light Work
Lineus Medical was started by a registered nurse that repeatedly saw IV dislodgement occur in his hospital and the skilled nursing facility where he worked. He had a product idea that he thought could solve the problem. He submitted the idea and was accepted into a Memphis business accelerator. Lineus Medical emerged from the accelerator with two secured patents and financial backing from two prominent venture capital groups. You can find out more information about our partners by clicking on their logo below.
Founded in 2007 by the Memphis Bioworks Foundation, Innova is a pre-seed and early-stage investor focused on funding high-growth companies in the Biosciences, Technology and AgriTech fields. Innova has three funds under management and continues to expand their investment portfolio
An advocate in future medical advancements and musculoskeletal disease prevention, the firm was founded by Joseph R. “Pitt” Hyde III, and Gary Stevenson in 2001 and has since raised four Funds totaling more than $120 million in committed capital under management. Some other notable involvements they have made include Memphis-based GTx and Nashville-based BioMimetic Therapeutics, which was recently purchased by Wright Medical.
Innovate Arkansas is a state-funded initiative that helps scale promising Arkansas technology ventures. Funded by the Arkansas Economic Development Commission and administered by Winrock International, Innovate Arkansas assists technology entrepreneurs in turning startup companies into viable commercial enterprises. Innovate Arkansas serves a critical role in developing talent, building commerce, and securing the capital required to develop the state's high-growth economy.
Bioworks was created in 2001 as part of a citywide effort to foster economic growth by building on Memphis’ strengths and bioscience potential in the medical, agricultural and logistics fields.
As part of the Memphis Bioworks Foundation, Zeroto510 is a medical device business accelerator focused only on medical devices. Lineus Medical entered the business accelerator in May of 2015.
Nationally ranked by TechCrunch as one of the top 15 business accelerators, Zeroto510 provided a vast array of resources that allowed Lineus Medical to reach its potential. Click on the link to the left to see our CEO and Founder, Spencer Jones, making his final "Demo Day" pitch as he exits the business accelerator.