Services
Mayo Clinic Advanced Innovation Research fully supports innovators across Mayo Clinic to bring their technological innovations to market quickly to benefit patients. A tailored management team supports innovators. This team provides oversight and coordinates efforts to ensure that milestone goals are met.
Consulting services are designed to engage innovators from the very beginning of the innovation process. These services balance rigorous, use-inspired basic research with a clear focus on practical application. The Mayo Clinic Advanced Innovation Research technology development team works closely with researchers to iterate and refine their concepts, ensuring that their innovative ideas not only contribute to generalized knowledge but also directly address unmet clinical needs.
Funding support
Mayo Clinic Advanced Innovation Research manages funding to support the translation of innovations across Mayo Clinic. The team evaluates projects based on:
- Medical need and the impact to the clinical practice.
- The readiness of the technology to advance to the next stage of translation.
- Strength of the investigative team and its collaborators.
Commercial potential and market analyses conducted by the Department of Business Development are vital to determining which projects receive priority support.
SBIR/STTR grant program
The National Institutes of Health (NIH) offers Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grant programs to help innovative small businesses achieve key research and development milestones ahead of commercializing health-related technologies. The programs offer excellent opportunities for Mayo innovators to obtain competitive NIH funding for entrepreneurship activities related to advancing human health.