Associate - Business Development - Technology Development

Mayo Career Site UK; Rochester (MN); On-site; USD 65,000 - 85,000; Full time

Job summary

Mayo Clinic is seeking an Associate to directly support the mission of Business Development. The role is an individual contributor position focused on advancing workflows, developing assessments, reports, analyses, business plans, and market research for assigned projects.

The department is organized into three functional Work Units: Partnerships, Commercialization and Technology Development, with projects spanning biopharmaceuticals, medical devices, diagnostics, health IT/AI, robotics, and

Responsibilities

• 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 assigned projects.
• The Associate will be expected to work on multiple projects simultaneously, and to organize and manage work accordingly.

Job description

The primary responsibility of this position is to directly support the mission of Mayo Clinic Business Development.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 assigned projects.The Associate will be expected to work on multiple projects simultaneously, and to organize and manage work accordingly.

The department is organized into three functional Work Units, with positions assigned within one of these three areas and 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 – Evaluate invention disclosures coming from Mayo's research and clinical activities and assistance in processing these disclosures and any resulting patent applications:
  • 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.
  • Collaborate closely with physicians, researchers, and cross-functional teams to advance innovative solutions and align technology development efforts with organizational priorities.
  • Facilitate invention disclosure and intellectual property development, including identifying patentable innovations, conducting prior art and landscape analyses, and supporting IP strategy.
  • Conduct feasibility assessments, market analyses, and competitive evaluations to determine the potential impact and commercial viability of new technologies.
  • Support the planning and execution of technology development projects, including defining scope, timelines, and key deliverables, and coordinating with internal and external stakeholders.
  • Develop materials to communicate and promote technologies, including summaries, presentations, and other supporting documentation for internal and external audiences.
  • Monitor industry trends and emerging technologies and contribute to ongoing improvement of development processes while ensuring compliance with regulatory, ethical, and confidentiality standards.

This job posting is specifically for biopharmaceutical and diagnostic technology development.

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

Thus each team member is initially placed into one Work Unit, with their work focusing on projects and opportunities categorized as within one or more Work Teams. Typically, each team member will be placed into two Work Teams.