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Mayo Business Accelerator

 

Organization Info
Impacts/Projects/Collaborators 
Beam Assessment

Organization Information


Organization: Mayo Business Accelerator

Sector: Commerce

Organization Mission: Mayo Clinic Business Accelerator provides infrastructure that enables entrepreneurism for the Rochester community. Founded by Rochester Area Economic Development, Inc. (RAEDI), City of Rochester, Mayo Clinic Treasury Services and Mayo Clinic Ventures, the Mayo Clinic Business Accelerator provides collaborative space for new companies, venture capital firms and entrepreneurs. It also works with existing companies and service providers to support entrepreneurial ventures. Located in close proximity to Mayo Clinic, our space encompasses over 2,000 square feet within the skyway level of the Minnesota BioBusiness Center in Rochester, Minnesota. By bringing together like-minded entrepreneurs, investors and advisors, we create a unique ecosystem for the Rochester community to share ideas, resources and expertise. This ecosystem, in turn, promotes local and regional economic development through new company creation and expansion.

Website

 

 


Related News and Status


 

Status Reports / News 
Related PlanScape Status on: Economic Development, Medical Services, STEM, Technology Enablement

Key reports on: Mayo Business Accelerator


October 16, 2024: 2024 Destination Medical Center Reports
Proceedings

September 2024 DMCC Board Meeting with 2025 Workplan Breakout

May 2024 DMCC Board Meeting and City, County, DMC Joint Meeting

Feb 2024 DMCC Board Meeting

Read more ...
October 02, 2024: Rochester Vision 2050
Call for inputs: Mayor Norton YouTube Messages

Vision 2050 AI-Powered Interactive Survey LINK

Mayor Norton Memo to the Public

 

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October 02, 2024: OpenBeam to support collective impact
Presentation Slides of Education Portal for C2C Oct 9, 2024 Education Summit

Results Based Accountability

Collective Impact: Spectrum of working together

Tech Support

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September 30, 2024: West Transit Village
September 2024 DMCC Board Update

September 2022 DMCC Board Status: NTH to run a developer selection process with Mayo

 

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September 30, 2024: Economic Vibrancy & Growth Management

City teammates providing an update on this work, specifically regarding legacy public infrastructure projects, Unbound, infrastructure investments and regulatory milestones.  

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August 30, 2024: CMRC Legacy and Future

CMRC pausing public activities and investment potential white paper availability announcement.

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August 02, 2024: Rochester Vision 2050
The visioning effort calls for soliciting broad community input to help propose desired strategic initiatives based on desired outcomes through 2050.

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July 01, 2024: First Half 2024 Targeted Business Enterprise Utilization Plan Reports

2Q 2024: June 2024May 2024 - Admin Message, TBE Report; April 2024 - Admin Message, TBE Report

1Q 2024: Feb 2024 - Admin Message, TBE Report; Jan 2024: Admin Message, TBE Report

Special callouts: Women in Construction; City of Rochester Equity in Development 

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June 19, 2024: RISE for Youth Learning
Updates from NAACP with Media Links

"Example of careers they are interested in include radiology, artificial Intelligence, surgery, aeronautical engineering, psychology, sports, business administration and many more!"

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May 27, 2024: DMC's BioRoch effort to Collaborate with MN MedTech 3.0

DMCC Board Updates:

1. May 2024 Status Memo to DMCC Board  

2. Feb 2024 DMCC Board Meeting: Video Clip of Discussion at Feb 1 2024 DMCC Board - DMC part of MedTech 3.0; Memo to DMCC

3. Nov. 2023 Video Clip of Discussion at DMCC Board Meeting about MN MedTech 3.0 Description and Webinar

References: US DEA Tech Hub Awardees 

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May 01, 2024: Community Outreach Public Relations
Austin KSMQ R-Town Program Interview Segment about CMRC

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April 27, 2024: 2024 Destination Medical Center (DMC) Updates
DMC Updates April 29 Presentation to City Council Study Session 

Transit Village

Business Development

Historic District

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March 27, 2024: Full-Time Career Navigator: Built Environment Wanted

Application Due April 5, 2024: Workforce Development, Inc. is seeking a friendly and professional Career Navigator to join our team.  

Read more ...

Community Anchor Participation:

 

 

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Impacts

The work of this organization may have impacts on the following areas:

PlanScape

Lvl 1: Economic Development ; Medical Services ; STEM ; Technology Enablement

Lvl 2:

DMC Impact: Commercial Research & Technology

Community Health Impact area:

 

Projects/Programs

Confirmed Project Involvement: Destination Medical Center (DMC)


Potential Projects

Project Involvement Candidates:


 

Potential Collaborators

Potential Collaborators:

Organization Life Cycle Assessment (Pause, Startup, Steady, Isolated Impact, Collective Impact  Unknown)

Isolated Impact

Site Information
Project Phase Definitions
The following defines the various project phases:
  1. Available - a product, program or service is in production
  2. Develop - program or application is being developed
  3. Plan - idea is solid, stakeholders are identified, and there is strong commitment to go forward from all parties.
  4. Concept Phase - idea scoped out with enough details to give an early sizing and/or to build a proof of concept
    demonstration
  5. Pre-concept Phase - an early idea or a requirement.
About Beam
  • For the commercial sector, we tend to register startup activities (new companies and new commercial projects) that bring diversification and high-impact opportunities to the area.
  • For the non-profit sector, we wish to shine light on all the organizations and services that otherwise labor under relative obscurity.
  • Our hope is that dmcbeam.org will encourage cross-sector collaborations and creative solutions.

While there are a number of registries in the community, dmcbeam.org's  distinct value is to pilot a database with a data structure and categorizations that answer the questions such as: What organizations or projects/programs in our community that have purported relevance with some of the over-arching focuses put forward by initiatives such as DMC, J2G and Health Improvements?

This database could be used as one of the ways to explore the capacities of the community. If you are someone on an exploratory journey to learn about the greater Rochester community. dmcbeam.org could be an interesting first step.

Links to Beam sub-sites 
Sample of Beam sub-sites: