Tag: Café Steam

Rochester innovators find support in community

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Vyriad’s co-founders, Drs. Kah-Whye Peng and Stephen Russell

Mayo Clinic is an economic engine for its hometown of Rochester, Minnesota. The health care research leader is the city’s largest employer and the largest driver of visitors to the region, with an estimated 1.2 million patients and their families traveling annually to the region to receive care. But Mayo Clinic’s economic reach extends beyond these direct impacts, sparking the development of businesses in multiple industries.

Mayo Clinic has spun out a number of health-related businesses. More than 170 startups have used intellectual property developed at Mayo Clinic, and more than 2,000 technologies are available for licensing, according to Mayo Clinic Ventures, the organization that manages this commercialization.

DMC Storyteller Video Series: “In the Middle of Investment” with Traci Downs

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Private investment is critical to the balanced growth of a city’s economy and workforce, and a growing number of Americans are investing less in Wall Street and more in their local communities. Rochester is no different.

To help illustrate the many ways individuals are transforming Rochester, DMC has created a video series called “DMC Rochester, MN Storyteller Videos.” These snapshots of forward-thinking people and approaches showcase the opportunities that exist in Rochester as DMC sets in motion a new future for America’s City for Health.

In the Middle of Investment

Companies, non-profits, and individuals – local and global – have demonstrated confidence in the future of the Destination Medical Center (DMC) initiative by investing in projects throughout the DMC District. In March, that investment resulted in DMC not only meeting but exceeding the $200 million threshold required to release state infrastructure dollars, with investments at that time totaling $297 million.

Traci Downs