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Health system intelligence profile

Mayo Clinic 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 is the official front door for technology commercialization, startup formation, equity investment, and strategic partnerships. The department's public site describes two divisions, Mayo Clinic Ventures and Corporate Development, working as one team.
Organizational model
Academic · Nonprofit · National
Location
Rochester, Minnesota
Program types
Technology transferVenture fundEntrepreneurshipAccelerator
Commercialization pathways
LicenseSpinoutInvestmentStrategic partnershipJoint ventureAcquisition
Focus areas
ClinicalTherapeuticsDiagnosticsDigitalMedical device
Named initiatives or assets
Mayo Clinic Ventures · Corporate Development · Mayo Venture Partner program · Employee entrepreneur program
Public scale or maturity signals

Official materials list licensing, startup formation, equity investment, strategic collaborations, mergers and acquisitions, and a business accelerator among current activities.

Capital returned to Mayo Clinic: The official homepage reports $1.3B+ returned to Mayo Clinic to support practice, education, and research from inception to 2025.

Investment capital deployed: The official homepage reports $400M+ in investment capital deployed for strategic collaborations and equity investments from inception to 2025.

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 is the official front door for technology commercialization, startup formation, equity investment, and strategic partnerships. The department's public site describes two divisions, Mayo Clinic Ventures and Corporate Development, working as one team. Official pages state that more than 440 startups use Mayo Clinic technology, that more than $400 million in investment capital has been deployed for strategic collaborations and equity investments, and that more than $1.3 billion has been returned to Mayo Clinic to support practice, education, and research from inception through 2025. The department reports that it licenses intellectual property, forms companies, runs a business accelerator, and participates in a multimillion-dollar venture and growth fund. Andrew J. Danielsen is publicly identified as Chief Business Development Officer, and Peter A. Noseworthy, M.D., is identified as Medical Director. This profile summarizes official Business Development pages only and does not interpret the reported figures as a ranking or performance judgment.

Areas of Focus

ClinicalTherapeuticsDiagnosticsDigitalMedical device

Commercialization Pathways

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

Named Programs and Initiatives

  • Mayo Clinic Ventures

    Division within Business Development responsible for licensing Mayo Clinic intellectual property, forming companies, teaching entrepreneurism, and participating in venture activity.

  • Corporate Development

    Second Business Development division that works with Mayo Clinic Ventures on strategic collaborations, partnerships, and related transactions.

  • Mayo Venture Partner program

    Program that brings entrepreneurs, investors, and executives together with Mayo Clinic research and clinical expertise to identify opportunities and form companies.

  • Employee entrepreneur program

    Official FAQ states that Mayo Clinic provides employees the opportunity to license and commercialize Mayo Clinic intellectual property through an employee entrepreneur program.

Venture Investment and Company Creation

Fund or office: Mayo Clinic venture and growth fund

Official pages describe a unified licensing and venture capability that supports technology commercialization, startup formation, and strategic collaborations for patient benefit.

The Business Development homepage reports 440+ startups using Mayo Clinic technology and $400M+ in investment capital deployed for strategic collaborations and equity investments, inception to 2025.

Official materials list licensing, startup formation, equity investment, strategic collaborations, mergers and acquisitions, and a business accelerator among current activities.

Technology Transfer, Intellectual Property, and Licensing

  • Mayo Clinic intellectual property licensing

    Official pages state that Mayo Clinic Ventures licenses Mayo Clinic intellectual property and that the technology portfolio is too large and fluid to maintain a static public list.

Startups, Spinouts, and External Offerings

  • Startups using Mayo Clinic technology

    The official Business Development homepage reports that more than 440 startups use Mayo Clinic technology. A complete public portfolio list was not published on the pages reviewed.

Publicly Reported Outcomes

  • Capital returned to Mayo Clinic

    The official homepage reports $1.3B+ returned to Mayo Clinic to support practice, education, and research from inception to 2025.

  • Investment capital deployed

    The official homepage reports $400M+ in investment capital deployed for strategic collaborations and equity investments from inception to 2025.

Leadership and Structure

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

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 ↗

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Sources and Updates

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

  1. Mayo Clinic Department of Business Development Mayo Clinic. Accessed August 30, 2026.
  2. About | Mayo Clinic Department of Business Development Mayo Clinic. Accessed August 30, 2026.
  3. About us - Mayo Clinic Business Development Mayo Clinic. Accessed August 30, 2026.
  4. FAQs | Mayo Clinic Business Development Mayo Clinic. Accessed August 30, 2026.

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