Associate-Business Development - Commercialization

Mayo Clinic is a top-ranked healthcare provider dedicated to putting the needs of patients first. The Associate-Business Development will support the mission of Mayo Clinic Business Development by managing multiple projects, contributing to assessments and analyses, and developing new business opportunities and commercialization strategies.ResponsibilitiesSource, 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 acquisitionsWork 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 activityContribute to the development of a network of industry, entrepreneurial and investor contacts to serve as a resource for business development and/or commercialization activitiesEvaluate 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 mattersEvaluate invention disclosures coming from Mayo's research and clinical activities and assistance in processing these disclosures and any resulting patent applications: a) assist in identifying potentially patentable inventions; b) provide background materials, such as prior art searches; c) assist in drafting patent applications; d) assist in evaluating all patent correspondence, including the review of cited art with investigators; e) assist in right to use searches by identifying and evaluating third party intellectual property requirements; (f) assist in preliminary analysis of patent threats related to current Mayo products; and g) assist in educating Mayo Clinic staff regarding patent issuesSkillsBachelor's degree required, or an advanced degree preferred (e.g., PhD, MD, JD), in business, science, or related relevant field, plus one year specific experience related to the role and area of work: business development, finance/venture capital, technology transfer, venture management, i/p commercialization, licensing, patents, partnerships, business-to-business collaborations, investments, start-up companies and/or sourcing partnering opportunities in the health care, medical/biotechnology or financial/venture capital industriesOne year experience directly related to technology licensing for roles within the Commercialization Work UnitIn lieu of a degree, a minimum of years of applicable experience equal to the number of years normally required to earn the degree will be recognized as satisfying the degree requirement, i.e. four years experience equivalency for a Bachelor's degree, two years experience equivalency for a Master's degree, two years experience equivalency for an advanced degreeMust have the ability to perform successfully in a business development/ technology commercialization role, and to navigate required complex inter- and intra-organizational issues and relationshipsMust possess excellent verbal and written communication skills with the ability to interact with a variety of different people with diverse backgroundsRequires strong project management skills and time management skills and the ability to manage several initiatives simultaneouslyMust have entrepreneurial/intrapreneurial qualitiesMust possess strong analytical skills, be resourceful, and be able to work independently on assigned projectsBusiness plan creationDue diligenceMarket researchMarketing plan developmentConcept analysisBusiness model developmentFinancial pro-forma development and analysisLegal/regulatory issues assessmentMonitoring product/operating unit performanceTechnical salesEvaluation of medical technologiesNegotiationsContract draftingEvaluation of scientific and commercialization potential of cutting-edge technologiesKnowledge of science, clinical or bench research, business principles, laws and regulations that relate to the patenting and licensing of inventionsExperience working with an organization or in a role directly related to one or more of the relevant Work Teams may be given special considerationExperience with an academic medical center or equivalent settingMergers and acquisition experienceFinancial modeling and analytical valuation experienceChartered Financial Analyst certification, (complete or in progress)Experience with a national consulting firm in related functional areas or industriesBenefitsMedical: Multiple plan options.Dental: Delta Dental or reimbursement account for flexible coverage.Vision: Affordable plan with national network.Pre-Tax Savings: HSA and FSAs for eligible expenses.Retirement: Competitive retirement package to secure your future.Company OverviewMayo Clinic Rochester is a hospital & health care company based out of 1025 Marsh St, Mankato, MN, United States. It was founded in undefined, and is headquartered in Mankato, MN, US, with a workforce of 201-500 employees. Its website is http://www.mayoclinichealthsystem.org.



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