Medical research non-profit Mayo Clinic to become tech transfer participant at Arizona Furnace.
Arizona State University (ASU) has announced that medical research non-profit Mayo Clinic has become the latest tech transfer participant to join tech transfer accelerator Arizona Furnace.
The accelerator, founded last year, already hosts spin-outs and startups from Northern Arizona University, hospital partnership Dignity Health, and Arizona Technology Enterprises, the tech transfer unit of ASU. The University of Arizona joined the three as one of the founding members, but has since withdrawn as a technology partners.
The accelerator offers participants $25k in seed financing, plus access to over 250 mentors and six months of acceleration support within its incubation space. Furnace is about to launch the application round for its second intake, after backing ten teams in 2012.
Wyatt Decker, chief executive of Mayo Clinic, said: “Cultivating innovation is woven into the culture and heritage of Mayo Clinic. The AZ Furnace Program represents an opportunity to fuel innovation alongside our strategic partner, Arizona State University, as well as the other esteemed contributors. AZ Furnace is a truly powerful and well-designed incubator for such activities and we look forward to participating during this second cycle.”
Jim Rogers, chair of Mayo Clinic Ventures, added: “This is a tremendous opportunity to have technologies conceived by Mayo Clinic staff vetted for startup opportunity potential through the AZ Furnace. We look forward to working together to shape the field of medicine for clinicians and ultimately for patients.”
