The Mayo Innovation Scholars Program (MISP) aims to:
- Assist Mayo Clinic Ventures, within Mayo's Department of Business Development, along with selected other Mayo Clinic departments in the assessment of new product ideas and submissions by Mayo physicians and scientists
- Provide research opportunities for undergraduate science and business students
- Provide leadership development opportunities for MBA and MAOL students
MISP was designed in 2006 by retired Medtronic executive, John Meslow. Together with the Mayo Clinic Office of Intellectual Property (now Mayo Department of Business Development) and the Minnesota Private College Council, Meslow created a unique program to place students from a variety of disciplines at the interface of innovations in science and medicine and the fields of intellectual property, marketing and business development.
MISP offers an opportunity for selected graduate business and leadership students and undergraduate science and business students to research projects submitted by Mayo Clinic professionals through various Mayo Clinic departments. Since it was founded in 2006, MISP has been an innovative model for student experiential learning.
The Mayo Innovation Scholars Program is a collaborative initiative supported by the Medtronic Philanthropy, Richard M. Schulze Family Foundation, Mayo Clinic and Minnesota private colleges and universities.
Mayo Clinic Ventures
Mayo Clinic Ventures, within the Department of Business Development, works closely with Mayo Clinic physicians and scientists to mine inventions, ideas, and discoveries that will truly transform health care. As a team, their dedicated efforts bring significant financial support to Mayo Clinic's patient care, education and research efforts. They do this by serving as a bridge between discoveries and the marketplace. The Technology Licensing Managers have extensive experience in science, technology based ventures, patent law, product licensing and start-up companies.
Mayo Clinic Ventures:
- Receives more than two new ideas per day
- 45 percent of technologies licensed (15 year average)
- 7,306 patent filings and 2,424 issued patents
- 3,272 technologies licensed
- Involvement in over 167 start-up companies