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Mayo Business Accelerator

Organization Information
Programmatic Impacts/Collaborators
News and Beam Assessment

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.

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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:

 


Potential Projects

Project Involvement Candidates:


 

Potential Collaborators

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Organization Life Cycle Assessment:

Isolated Impact

Site Information
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 Cbeam will encourage cross-sector collaborations and creative solutions.

While there are a number of registries in the community, Cbeam'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 relevancies 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. Cbeam could be an interesting first step.

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.
Links
Links to Beam and beam subsites: