In March, the Texas Medical Center created TCMx, a business accelerator program focused on medical start-ups and biotechnology. Twenty-one fledgling companies were invited to take part.
TCMx provided a suite of services and resources to the fledgling companies, which are trying to bring new devices, software and biotech products to the healthcare and hospital market. TCMx does not provide any seed money to the companies, but the entrepreneurs get lots of help. The resources included free office space in the medical center, mentors and networking events, and classes on the regulatory process used by the FDA to approve a new surgical device.
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