With a staff of more than 2,500 physicians and scientists and an annual research budget exceeding $300 million, it is not surprising that Mayo Clinic is a rich source of new medical technology.
The Office of Intellectual Property serves as the bridge between these discoveries and the marketplace. Adaptability and creativity have allowed the office to license and commercialize hundreds of inventions and at the same time develop a significant flow of income to support Mayo programs in education and research.
Since 1986, the office has signed more than 660 license agreements, filed more than 2,029 patent applications and received more than 590 patents for Mayo Clinic intellectual property. We have participated or started more than 30 start-up companies involving Mayo Clinic technologies and expertise.
Within the Office of Intellectual Property, Mayo Clinic Medical Devices develops products that are the result of research and clinical use to improve patient care at Mayo Clinic. Each device has been designed to address a clinical need that was not commercially available. Mayo Clinic Medical Devices' products have worldwide distribution and are in routine clinical use. Their mission is to convert Mayo Clinic innovation and expertise into best-in-class medical products and devices that positively improve patient care and are consistent with Mayo Clinic's image and reputation.
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