Innovation. Collaboration. Transformation.

Propelling the next generation of healthcare.

Who we are

The Department of Business Development is Mayo Clinic’s front door to business – from technology commercialization to strategic partnerships – catalyzing innovation to shape the future of healthcare for the benefit of patients.

Our Mayo Clinic Ventures and Corporate Development teams come together as one unified force to bridge the gaps between industry and commercial groups to produce meaningful, effective changes in transforming health and medicine.

start-ups using
Mayo Clinic technology
$ 291 M
investment capital
deployed for
strategic collaborations
& equity investments
$ 1 B+
returned to Mayo Clinic
to support the practice, education & research

Inception to 2022

Mayo Clinic Ventures

  • Intellectual property evaluation and protection
  • Technology funding and development
  • Licensing execution and management
  • Start-up company formation
Corp Dev

Corporate Development

  • Partnerships and strategic collaborations
  • Spin-offs and subsidiaries
  • Mergers and acquisitions
  • Equity investing

Innovation Spotlight

Mayo Clinic discovery leads to life-changing treatment for young girl with ultra-rare disease. 

Just months after young Maggie Carmichael started taking an experimental drug for her ultra-rare genetic disease, she was able to trade in her wheelchair for a walker.

Strategic collaborations & investments

Mayo Clinic Innovation Exchange

Mayo Clinic Innovation Exchange is a membership-based platform created to further industry collaboration, accelerate commercialization and advance the next generation of healthcare.

Members receive premier medical and business insights, as well as the connections needed to bring their breakthrough innovations to market.