The BIO International Convention (BIO) drew more than 16,000 of the biotech industry’s brightest from a wide spectrum of life science and application areas – including drug discovery, biomanufacturing, genomics, biofuels, nanotechnology, and cell therapy – for a week of intensive networking to discover new opportunities and identify promising partnerships.
Patient access. Innovation. Economic growth.
If you’ve ever heard Shaye Mandle of Medical Alley Association speak, the story he shares sounds remarkably like the story of DMC. That’s because he is telling the story of Minnesota, and as home to Mayo Clinic, Rochester has long been the cornerstone of conversations related to medicine in the state and throughout the nation.
“Mayo Clinic has been one of the most important members of [the Association] since it was founded in 1984,” says Mandle, Medical Alley’s president and CEO. “They are the number one, gold standard for clinical excellence in this country.”
Partnerships are integral to the success of the DMC vision, so last week a variety of investors and innovators came together to explore how we can advance development and improve healthcare.
The Destination Medical Center (DMC) investment in the Rochester community is more $6B; most of that privately funded. It is a 20-year initiative that will redesign the city creating a spillover benefit to the state of Minnesota as a whole. Rochester is home to the famed Mayo Clinic and a growing startup health technology community. The DMC will accelerate and complement what is already happening in Rochester, and will help Minnesota retain its place as the great state of everything healthcare.
The project is much more than a city planning and economic development effort as attendees at the first Board of Directors Senior Executive Briefing learned on February 17th at our Medical Alley Association (MAA) headquarters. Lisa Clarke, Executive Director of the DMC and Patrick Seeb, the head of economic development, delivered a briefing to approximately 40 guests of the MAA board, laying out the details of the enormous DMC effort, providing the why and the how.