Associate-Business Development - Commercialization

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:

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.

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.

Identify, evaluate, and support the development and protection of new technologies and intellectual property arising from Mayo Clinic’s research and clinical activities.

• (a) Identify, evaluate, and support the development of novel technologies arising from Mayo Clinic’s clinical and research activities, with a focus on improving patient care and outcomes;
• (b) Collaborate closely with physicians, researchers, and cross-functional teams to advance innovative solutions and align technology development efforts with organizational priorities;
• (c) Facilitate invention disclosure and intellectual property development, including identifying patentable innovations, conducting prior art and landscape analyses, and supporting IP strategy;
• (d) Conduct feasibility assessments, market analyses, and competitive evaluations to determine the potential impact and commercial viability of new technologies;
• (e) Support the planning and execution of technology development projects, including defining scope, timelines, and key deliverables, and coordinating with internal and external stakeholders;
• (f) Develop materials to communicate and promote technologies, including summaries, presentations, and other supporting documentation for internal and external audiences;
• (g) Monitor industry trends and emerging technologies, and contribute to ongoing improvement of development processes while ensuring compliance with regulatory, ethical, and confidentiality standards.

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:
Biopharmaceutic…