Economic impact

Beyond the walls of Mayo Clinic

Mayo Clinic is committed to investing in assets and resources to support entrepreneurs, help build companies and attract the most sophisticated healthcare trailblazers and thought leaders worldwide, while paving the way for increased economic development opportunities in the process.

From establishing and sustaining accelerators and strategic partnerships, to scaling inventions and businesses, to tendering seed funding and sponsorships, the scope of Mayo Clinic’s contributions to economic growth span local, regional, national and international sectors.

Growth catalysts

Minnesota

Destination Medical Center

Destination Medical Center (DMC) is the largest public-private economic development initiative in Minnesota.

The Discovery Square component is a 16-block sub-district in a connected urban life science hub that enables easy access to Business Development staff for routine reviews of new intellectual property, as well as evaluation and co-development of new and existing technologies.

Mayo Clinic’s Anna-Maria and Stephen Kellen Building complements the community and industry partners within the Discovery Square district.

Bringing together physicians, researchers and healthcare technology and services companies will speed delivery of medical discoveries to patients, the marketplace and stimulate related businesses.

Minnesota-based affiliations:

Arizona

Arizona’s growing healthcare and bioscience ecosystem is creating new opportunities for discovery, collaboration and commercialization. Ranked among the top states for job growth across bioscience, healthcare services, medical equipment, pharmaceutical and advanced manufacturing sectors, Arizona offers a strong environment for companies working to shape the future of medicine.

Anchored by Mayo Clinic’s Phoenix campus, Arizona State University’s Health Futures Center and the emerging Discovery Oasis, Mayo Clinic is helping build a connected innovation district where research, education, clinical expertise and entrepreneurship converge. Together, these assets create a platform for strategic partnerships, emerging technologies and life sciences innovation to move from concept to patient impact.

Discovery Oasis, an expansive healthcare innovation district adjacent to Mayo Clinic’s Phoenix campus, represents a strategic investment in innovation. More than a traditional research park, Discovery Oasis will unite biotechnology, life sciences, advanced healthcare manufacturing, AI, digital health, medical devices, startups, industry leaders, investors, and clinicians within a globally connected ecosystem focused on accelerating innovation, commercialization, and next-generation healthcare solutions.

Housed within the Health Futures Center, the Mayo Clinic and ASU MedTech Accelerator is a flagship program of Mayo Clinic and Arizona State University Alliance for Health Care, providing early-stage medical device and health care technology companies with an entrepreneurial curriculum and personalized business development plans to accelerate go-to-market and investment possibilities.