Associate - Business Development

Benefits

• Medical: Multiple plan options.
• Dental: Delta Dental or a reimbursement account for flexible coverage.
• Vision: Affordable plan with a national network.
• Pre-Tax Savings: HSA and FSAs for eligible expenses.
• Retirement: Competitive retirement package to secure your future.

What you will do

In this position, you will directly support Mayo Clinic Business Development by advancing and completing workflows and processes, and by developing or contributing to a wide range of business development materials. Typical deliverables include assessments, reports, analyses, business plans, market research, and other documentation tied to assigned projects.

• Manage multiple projects simultaneously and organize work across competing priorities.
• Source, evaluate, analyze, and develop new business opportunities, including partnerships, joint ventures, new company spin-offs, investments, mergers and acquisitions.
• Collaborate across Mayo Clinic and the marketplace to identify opportunities that align with the Mayo Clinic strategic plan, prioritized market opportunities, and competitive activity, including connections to existing operational units.
• Contribute to building a network of industry, entrepreneurial, and investor contacts to support business development and commercialization activities.
• Evaluate the commercial potential of medical inventions and discoveries originating from Mayo’s clinical and research activities.
• Develop and implement technology sales and marketing plans.
• Support intellectual property processes, including managing the patent process, facilitating invention disclosure, and identifying patentable innovations with prior art and landscape analyses.
• Identify potential commercial partners and negotiate license agreements and other commercialization arrangements.
• Advise Mayo physicians and scientists on protection of intellectual property and technology-based business matters.
• Support feasibility, market, and competitive evaluations to determine commercial viability and potential impact.
• Create materials to communicate and promote technologies, including summaries and presentations for internal and external audiences.
• Monitor industry trends and emerging technologies while ensuring compliance with regulatory, ethical, and confidentiality standards.
• Assist in planning and executing technology development projects and commercialization efforts, including scope, timelines, and key deliverables.
• Source, evaluate, and execute strategic and financial investments aligned with organizational priorities, ensuring opportunities meet defined investment criteria, return thresholds, and governance requirements.
• Support portfolio management and advise executive and department leadership on critical financial decisions, including post-deal activities such as governance and reporting.

This role typically begins in one Work Unit and focuses on projects and opportunities categorized within assigned Work Teams, typically placed into two Work Teams. Work teams include Biopharmaceuticals and Medical Devices, Diagnostics, among others.

Education and experience

• Bachelor’s degree required; an advanced degree (for example, PhD, MD, JD) is preferred.
• Minimum 1 year of specific experience related to the role and area of work in areas such as business development, finance/venture capital, technology transfer, venture management, IP commercialization, licensing, patents, partnerships, business-to-business collaborations, investments, and/or start-up companies and partnering opportunities in health care/medical/biotechnology.
• For Commercialization Work Unit roles: one year of experience directly related to technology licensing.
• Degree requirement may be satisfied in lieu of a degree by experience equivalency (for example, four years experience for a Bachelor’s).

Key skills

• Ability to navigate complex inter- and intra-organizational relationships in a technology commercialization/business development context.
• Excellent verbal and written communication with the ability to interact with diverse stakeholders.
• Strong project and time management with the ability to manage several initiatives simultaneously.
• Entrepreneurial/intrapreneurial mindset.
• Strong analytical skills and the ability to work independently.

Depending on assignment, additional preferred skills may include business plan creation, due diligence, market research, marketing plan development, concept analysis, business model development, financial pro-forma development and analysis, legal/regulatory issues assessment, technical sales, negotiations, contract drafting, and evaluation of scientific and commercialization potential.

Location and eligibility

• Hybrid position located within 100 miles of Mayo Clinic Phoenix, AZ.
• This vacancy is not eligible for sponsorship; Mayo Clinic will not sponsor or transfer visas for this position.
• Mayo Clinic does not participate in the F-1 STEM OPT extension program.

Equal opportunity

• Mayo Clinic provides employment consideration without regard to race, color, religion, sex, gender identity, sexual orientation, national origin, protected veteran status, or disability status.
• Mayo Clinic participates in E-Verify and may provide information from an employee’s Form I-9 to confirm work authorization.

Recruiter: Julie Melton