The Rochester Startup Part Eleven: Mayo Clinic Business Accelerator

This series is in partnership with Ambient House Productions, a Rochester based full service video production company specializing in high quality corporate, commercial, & promotional videos.

This week we move on with the final piece of “The Rochester Startup” series and talk about the Mayo Clinic Business Accelerator.

 

Name: Mayo Clinic Business Accelerator.

Location: 221 1st Avenue SW, Suite #202

Parking Available: No, but connected to 3rd Street Parking Ramp through the skyway.

Contact: Xavier Frigola

Social Accounts: Facebook, @MayoClinicBusinessAccelerator; Twitter, @mbusaccel

This 3,000-square foot space in the Minnesota BioBusiness Center opened in March 2013. The facility consists of nine closed offices- six small and three large- sixteen open desk spaces, one conference room, and two lounge areas. The Mayo Clinic Business Accelerator offers tenants internet service, heat, cleaning, snacks and beverages, and monthly educational and networking opportunities. The cost to work out of the accelerator start at $100/month. The space is nearly full; one small office is currently available for rent.  

The Mayo Clinic Business Accelerator is primarily filled with life science entrepreneurs and startups spun out of Mayo Clinic. Twenty-three startups have called the space home at some point during their growth process. The accelerator offers connections to Mayo Clinic, student interns, and access the funding sources.

Xavier Frigola, Director of the Mayo Clinic Business Accelerator, says he’s seeing a “general interest in entrepreneurship, which was not there a few years ago.” He’s noticing “people young and more seasoned wanting to start companies and service providers willing to provide support and interest in angel investing.”

While the community has made significant recent strides, Frigola notes that a “risk averse profile” continues to hold back Rochester’s entrepreneurs.

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