To help launch fledgling companies, Mayo Clinic, the city of Rochester and Rochester Area Economic Development Inc. are creating a new "accelerator center."
The Rochester City Council gave the green light Monday night to move ahead with a proposal to create 2,500 square feet of office space on the second floor of the Minnesota Biobusiness Center in downtown Rochester.
Mayo Clinic is giving $100,000 to turn the unused space, which is owned by the city, into offices. RAEDI will handle the management and leasing of the space.
"It is a great collaboration," says Jim Rogers, chair of the for-profit Mayo Clinic Ventures, which manages the clinic's intellectual property and patents. "It is something we are very excited about." ...
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