About us

Our mission

To collaborate and partner internally and externally to deliver strategic, innovative and mission-advancing solutions for the benefit of patients worldwide.

Our values


Mayo Clinic is a values-based organization. These values derive from our founders, the Doctors Mayo and the Sisters of St. Francis. Mayo Clinic’s primary value is the needs of the patient come first. Mayo Clinic’s values are foundational to the way the organization does business.

Our story

Fostering innovative ideas. Supporting bold initiatives. Advancing cutting-edge solutions. Those tenets are the bedrock of our philosophy in serving Mayo Clinic’s patient-centric mission and values.

We focus on strategic business opportunities from all angles that can help address the unmet needs of patients. From teaming up with proven innovators to the new entrepreneur on the block, we collaborate across the spectrum to bring disruptive health care technologies to life.

Jim Rogers III

Ensuring alignment of values is at the core of our careful approach to building relationships with like-minded private organizations, investors and research entities. Our innovators and partners share our passion to solve some of the most complex medical problems through life-changing therapies, surgical procedures and technologies so patients everywhere can receive exactly the care they need when it is needed.

Mayo Clinic has long understood the importance of advancing innovation and commercialization to scale processes for broad application. What started as a modest technology transfer office nearly 40 years ago has fervidly grown to be what is now Mayo Clinic’s Department of Business Development, bearing with it a full toolbox for generating start-ups, license agreements, partnerships, strategic collaborations, acquisitions and venture investing.

Clark Otley

Our multidisciplinary team carries the knowledge, skill and agility required to navigate the twists and turns of the paradigm shift occurring now in health care – understanding and catering to the latest in consumer demands and evolving market trends. We act as the bridge between industry and commercial groups to help pave the way.

The dedication and collaborative spirit embodied by our team, coupled with our accountability to place the needs of the patient first, will continue to support Mayo Clinic’s unwavering commitment to defining the next generation of health care.

We invite you to join us on this exciting journey.

A history of innovation & evolution

For more than 150 years, Mayo Clinic has produced meaningful and measurable changes in providing top-tier, best practices in medicine.

It is a great thing to make scientific discoveries of rare value, but it is even greater to be willing to share these discoveries and to encourage other workers in the same field of scientific research.

William J. Mayo, MD, 1935

Milestones

1892
1892

Non-Mayo physicians join, creating first integrated multispecialty group practice

1905
Dr. Plumer
1905

Louis Wilson, MD, Mayo Clinic’s first researcher, develops frozen section pathology

1907
1907

Henry Plummer, MD, introduces the concept of integrated medical records

1950
Cortisone
1950

Mayo Clinic researchers Edward Kendall, PhD, and Philip Hench, MD, shared the Nobel Prize for discovery of cortisone

1955
1955

Mayo Clinic helps revolutionize open-heart surgery with the Mayo-Gibbon Heart-Lung Bypass Machine

1969
1969

Dr. Mark B. Coventry, a pioneering Mayo Clinic orthopedic surgeon, leads the team that performed the first successful total hip joint replacement in the United States

1971
1971

Creation of Mayo Medical Laboratories (MML), now known as Mayo Clinic Laboratories (MCL)

1985
Mayo Ventures
1985

Creation of Mayo Medical Ventures, now known as Mayo Clinic Ventures

1986
1986

Mayo Clinic expands to Jacksonville, Florida

1987
1987

Creation of Mayo Clinic Arizona

1999
PD-L1
1999

Discovery of basis of PD-L1

2001
Anthrax Test
2001

First commercially available rapid anthrax detection kit is developed by Mayo Clinic and Roche

2014
2014

FDA approves Exact Sciences' Cologuard®; first and only stool DNA noninvasive colorectal cancer screening test invented by Mayo Clinic gastroenterologist David Ahlquist, MD. Read more.

2015
2015

Opening of One Mayo Square in Minneapolis, MN

2016
Dept Business Development
2016

Creation of Mayo Clinic’s Department of Business Development

2017
2017

Mayo Clinic partners with National Decision Support Company (NDSC) to develop CareSelect Lab™ — a decision-support tool

2018
WiXu
2018

WuXi AppTec Group and Mayo Clinic Receive 2018 MedTech Insight Award for Best Alliance

2018
Civica
2018

Mayo Clinic joins a coalition of seven hospitals in launching Civica Rx, a not-for-profit generic drug company that will help patients by addressing shortages and high prices of lifesaving medications

2019
Google
2019

Mayo Clinic launches its 2030 strategy to cure, connect and transform the future of health care

2019
Google
2019

Mayo Clinic selects Google as strategic partner for health care innovation and cloud computing

2020
nference
2020

Mayo Clinic selects nference as its first Platform partner to accelerate drug discovery and development

2021
Medically Home
2021

Mayo Clinic and Kaiser Permanente announce joint acquisition of Medically Home

2022
2022

$1B in revenue generated and returned to Mayo Clinic for advancements in patient care as a result of the commercialization of novel technologies invented by Mayo Clinic innovators

Mayo Clinic Ventures

To work with Mayo Clinic Ventures is to work with some of the most esteemed medical scientists in the world. The finest minds, focused on a responsibility to make medicine better, collaborate across specialties to solve complex research questions. Such a close integration makes it possible to quickly bring proven diagnostics and therapeutics to patients.

Corporate Development

Corporate Development

By interfacing amongst Mayo Clinic’s three shields of clinical practice, medical education, and research, Corporate Development sources and develops new business opportunities and strategies for the benefit of Mayo Clinic and patients everywhere.

Our team

We’re not a traditional tech transfer office or corporate development firm — distinct in that we license Mayo Clinic’s intellectual property, form strategic collaborations, actively mine Mayo Clinic for ideas, teach entrepreneurism, start companies, run a business accelerator and participate in a multimillion-dollar venture and growth fund that supports economic development.

Behind it all is our dynamic team of varied professionals working with the shared goal of transforming health care.