Post-Bulletin: Mayo, City and RAEDI Join Forces to Speed Business Growth

September 18, 2012

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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