Associate-Business Development - Commercialization

Associate, Mayo Clinic Business Development

Mayo Clinic is top-ranked in more specialties than any other care provider according to U.S. News & World Report. As we work together to put the needs of the patient first, we are also dedicated to our employees, investing in competitive compensation and comprehensive benefit plans to take care of you and your family, now and in the future. And with continuing education and advancement opportunities at every turn, you can build a long, successful career with Mayo Clinic.

The primary responsibility of this associate position is to directly support the mission of Mayo Clinic Business Development throughout-licensing of Mayo Intellectual Property. The associate will perform as an individual contributor, responsible for advancing and completing workflows and processes, and for developing or contributing to assessments, reports, analyses, business plans, market research and other material related to licensing various technologies. The associate will be expected to work on multiple projects simultaneously, and to organize and manage work accordingly.

This position is part of the Commercialization Work Unit for Business Development and will work alongside both Partnerships and Technology Development colleagues.

The department of Business Development is organized into three functional Work Units, with responsibilities as described for each area:

• Partnerships – Source, evaluate, analyze and develop new business opportunities for Mayo Clinic, including but not limited to partnerships, joint ventures, new company spin-offs, investments, mergers and acquisitions. Work with areas throughout Mayo Clinic and the marketplace to identify new business opportunities, including the ability to connect these activities with existing Mayo Clinic operational units, in alignment with the Mayo Clinic strategic plan, prioritized market opportunities, and competitive activity.
  
  Contribute to the development of a network of industry, entrepreneurial and investor contacts to serve as a resource for business development and/or commercialization activities.
• Commercialization – Evaluate the commercial potential of a variety of medical inventions and discoveries coming from Mayo's clinical and research activities, developing and implementing technology sales and marketing plans, managing the patent process, identifying potential commercial partners, negotiating license agreements and other commercialization arrangements, managing relationships with industry and advising Mayo physicians and scientists regarding protection of intellectual property and technology-based business matters.
• Technology Development
  - Identify, evaluate, and support the development and protection of new technologies and intellectual property arising from Mayo Clinic's research and clinical activities.

Based on the needs of the department, positions will also be primarily assigned to one or more technology teams, each focusing in a specific area:
Biopharmaceuticals, Medical Devices, Diagnostics, Health Information Technology/AI, Health Services & Robotics, Investments, etc. Projects/opportunities are categorized within one of these six areas, and staff are attached to each project accordingly.

This role will be focused on out-licensing of Mayo's Intellectual Property portfolio from various assigned technology teams, with a goal of returning value to Mayo while also limiting risk to Mayo. The associate will collaborate with Business Development and Legal colleagues, innovators at Mayo, and commercial entities to evaluate the value of a Mayo technology and negotiate the terms and conditions in the license.

An ideal candidate has healthcare policy background knowledge, and experience working with various stakeholders of a commercial or healthcare institution to advance or commercialize technologies.

Qualifications

• Bachelor's degree required, or an advanced degree preferred (e.g., PhD, MD, JD), in business, science, or related relevant field, plus one year specific experience related to the role and area of work: business development, finance/venture capital, technology transfer, venture management, i/p commercialization,…