Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

Rochester positions itself as a hub of medical startups

Rochester positions itself as a hub of medical startups

It might seem audacious for a Minnesota town of 100,000 people to try to become “the Silicon Valley of medicine,” but Rochester has a major ace in its sleeve: the giant Mayo Clinic.

The clinic is the state’s largest employer, but it has difficulty finding talent and skilled workers. Mayo, the city and the state of Minnesota will invest $6.5 billion in Discovery Square, a downtown tech park it hopes will attract medical startups.

Mayo recently reversed policy to let employees own or manage outside companies; a business accelerator helps employees develop products.

But watch out Rochester: here comes Cleveland. That city’s Medical Capital Innovation Challenge will award $100,000 in prizes in April.

Photo credit: James Neeley

You might also like...