Mayo Foundation for Medical Education and Research

Description – The Mayo Clinic model of medicine is to integrate patient care with research and education, so that the practice of medicine is continually enriched with new ideas. With a staff of more than 2,500 physicians and scientists and an annual research budget exceeding $300 million, it is not surprising that Mayo Clinic is a rich source of new medical technology.

Mayo Clinic Ventures serves as the bridge between these discoveries and the marketplace. Adaptability and creativity have allowed the office to license and commercialize hundreds of inventions, and at the same time develop a significant flow of income to support Mayo programs in education and research. The office’s success comes from responding to potential business relationships individually and uniquely, knowing that no single model of working with commercial organizations will always be effective.

Mayo Clinic Ventures is dedicated to converting Mayo ideas, ingenuity and expertise into health care products and services which are consistent with Mayo Clinic’s image and reputation and which generate significant revenue to support Mayo Clinic’s mission.