Skip to content

Hospital Innovation Programs Directory

An independent editorial resource published by Lisa T. Miller

Menu

Health system intelligence profile

Mayo Clinic Ventures / Department of Business Development

Mayo Clinic

Editorially verified · Last reviewed August 30, 2026

Intelligence summary

Program at a Glance

Program mandate
Mayo Clinic's Department of Business Development, which includes Mayo Clinic Ventures, is described as Mayo Clinic's front door to business and is the route by which Mayo physicians and scientists commercialize their inventions. It operates across three functions: protect and develop, covering intellectual property management, technology funding and product development; launch and grow, covering licensing agreements, startup formation and equity investments; and partner and scale, covering strategic collaborations, mergers and acquisitions.
Organizational model
Nonprofit
Location
Rochester, Minnesota
Program types
Physician innovationTechnology transferVenture fundInnovation center
Commercialization pathways
LicenseInvestmentStrategic partnershipAcquisition
Focus areas
ClinicalTherapeutics
Public scale or maturity signals

Mayo Clinic's Department of Business Development, which includes Mayo Clinic Ventures, is described as Mayo Clinic's front door to business and is the route by which Mayo physicians and scientists commercialize their inventions. It operates across three functions: protect and develop, covering intellectual property management, technology funding and product development; launch and grow, covering licensing agreements, startup formation and equity investments; and partner and scale, covering strategic collaborations, mergers and acquisitions. Physician inventors bring disclosures into this pipeline and can end up as founders of Mayo-affiliated startups or as licensors to established medtech and pharma companies. Returns from these activities are cycled back into Mayo's clinical practice, education and research missions.

Documented successes: 440+ startups built on Mayo Clinic technology from inception through 2025; $400M+ in investment capital deployed for strategic collaborations and equity investments; $1.3B+ returned to Mayo Clinic to fund practice, education and research

Official engagement route
Program website ↗Health system website ↗
Last reviewed
August 30, 2026

Mandate and remit

What This Program Does

Mayo Clinic's Department of Business Development, which includes Mayo Clinic Ventures, is described as Mayo Clinic's front door to business and is the route by which Mayo physicians and scientists commercialize their inventions. It operates across three functions: protect and develop, covering intellectual property management, technology funding and product development; launch and grow, covering licensing agreements, startup formation and equity investments; and partner and scale, covering strategic collaborations, mergers and acquisitions. Physician inventors bring disclosures into this pipeline and can end up as founders of Mayo-affiliated startups or as licensors to established medtech and pharma companies. Returns from these activities are cycled back into Mayo's clinical practice, education and research missions.

Areas of Focus

ClinicalTherapeutics

Commercialization Pathways

These routes appear in the program's sourced public record.

Venture Investment and Company Creation

Fund or office: Mayo Clinic Ventures / Department of Business Development

Mayo Clinic's Department of Business Development, which includes Mayo Clinic Ventures, is described as Mayo Clinic's front door to business and is the route by which Mayo physicians and scientists commercialize their inventions. It operates across three functions: protect and develop, covering intellectual property management, technology funding and product development; launch and grow, covering licensing agreements, startup formation and equity investments; and partner and scale, covering strategic collaborations, mergers and acquisitions. Physician inventors bring disclosures into this pipeline and can end up as founders of Mayo-affiliated startups or as licensors to established medtech and pharma companies. Returns from these activities are cycled back into Mayo's clinical practice, education and research missions.

Publicly Reported Outcomes

  • Documented successes

    440+ startups built on Mayo Clinic technology from inception through 2025; $400M+ in investment capital deployed for strategic collaborations and equity investments; $1.3B+ returned to Mayo Clinic to fund practice, education and research

Leadership and Structure

Organizational home: Mayo Clinic Ventures / Department of Business Development, Mayo Clinic

  • Andrew DanielsenChief Business Development Officer

Contact the Program

Use the program's published contact route for partnership, licensing, innovation, or program inquiries.

Program phone
507-293-3900
Official contact page
Open contact page ↗

Related Programs

Comparable records based on shared public taxonomy, location, or commercialization route.

Same state · Same program type · Same commercialization route

Rochester, Minnesota

Mayo Clinic

Mayo Clinic Department of Business Development

Mayo Clinic's Department of Business Development is the official front door for technology commercialization, startup formation, equity investment, and strategic partnerships.

Technology transferVenture fundEntrepreneurshipLicenseSpinoutClinicalTherapeuticsDiagnostics

Academic · Nonprofit

Read the intelligence brief

Editorially verified · Reviewed August 30, 2026

Same state · Same program type · Same commercialization route

Same state · Same program type · Same commercialization route

Minneapolis, Minnesota

University of Minnesota / M Health Fairview

University of Minnesota Technology Commercialization

Technology Commercialization is the University of Minnesota's central office for patenting, licensing and spinning out university research, including the medical and health sciences discoveries that flow from the Medical School and M Health Fairview clinical enterprise.

Technology transferVenture fundEntrepreneurshipLicenseSpinoutClinicalDigital

Academic · Nonprofit

Read the intelligence brief

Reviewed August 30, 2026

Same program type · Same commercialization route

Celebration, Florida

AdventHealth

AdventHealth Nicholson Center

The AdventHealth Nicholson Center is a 54,000-square-foot medical learning and simulation incubation center in Celebration, Florida, which AdventHealth describes as one of the nation's largest and most experienced facilities of its kind.

Innovation centerStrategic partnershipClinicalMedical device

Nonprofit

Read the intelligence brief

Reviewed August 30, 2026

Same program type · Same commercialization route

Charlotte, North Carolina

Advocate Health

Advocate Health Innovation (Innovative Collaborations and Technology Transfer Office)

Advocate Health's enterprise innovation function is led by a Chief Innovation and Commercialization Officer and combines an external-partnership front door with an internal commercialization office.

Innovation centerTechnology transferLicenseStrategic partnershipClinicalWorkforce

Nonprofit

Read the intelligence brief

Reviewed August 30, 2026

Same program type · Same commercialization route

Charlotte, North Carolina

Advocate Health

Advocate Health Technology Transfer Office

The Advocate Health Technology Transfer Office converts research and novel concepts generated inside the system into practical products.

Technology transferPhysician innovationLicenseStrategic partnershipClinicalDigitalWorkforce

Nonprofit

Read the intelligence brief

Reviewed August 30, 2026

Sources and Updates

Reviewed August 30, 2026. External source links open in a new tab.

  1. Mayo Clinic Ventures / Department of Business Development official source businessdevelopment.mayoclinic.org. Accessed August 30, 2026.
  2. Mayo Clinic Ventures / Department of Business Development source 2 linkedin.com. Accessed August 30, 2026.
  3. Mayo Clinic Ventures / Department of Business Development source 3 businessdevelopment.mayoclinic.org. Accessed August 30, 2026.
  4. Mayo Clinic Ventures / Department of Business Development source 4 businessdevelopment.mayoclinic.org. Accessed August 30, 2026.

Confidential comparison

How does your innovation program compare?

Request a confidential conversation about the commercial opportunities, market pathways, and capabilities within your hospital's innovation portfolio. The public directory does not score or rank programs.