Two Med City companies - Nanodropper and FlowSIGMA - are up for a combined investment of $225,000 from the Rochester Economic Development Fund.

The Rochester Economic Development Inc. board of directors recently voted to recommend that $125,000 be invested in Nanodropper and $100,000 be invested in FlowSIGMA. The Rochester City Council will consider approving the investments during its Jan. 20 meeting.

RELATED: It's a go - Popeyes is officially coming to Rochester

The development fund is financed by Rochester's half-cent sales tax, with the goal of supporting “business development that facilitates growth and diversification of the local economy.” EDF investments can be made in increments of up to $250,000.

Nanodropper makes and sells a precision eye drop bottle adapter that reduces medicine waste by delivering a more precise drop, benefiting patients as well as doctors. Allisa Song, a Mayo Clinic Alix School of Medicine student and CEO of Nanodropper, co-founded the company with Elias Baker, Jennifer Steger and Mackenzie Andrews.

Newsletter signup for email alerts

Forbes magazine recently named all four co-founders to its “30 Under 30 In Healthcare” list.

FlowSIGMA, a spinout company from Mayo Clinic’s Department of Radiology is described as "a leading vendor of Intelligent Process Automation and Workflow Orchestration software systems and services for medical imaging."

FlowSIGMA has relationships with Philips and GE Healthcare.