Senior Associate - Business Development - Partnerships

Mayo Clinic•Rochester, MN

2d•$107,400 - $150,400

About The Position

Mayo Clinic is a top-ranked healthcare provider dedicated to patient needs and employee well-being. They offer competitive compensation, comprehensive benefits, and opportunities for career advancement. This Senior Associate position is in the Business Development department, specifically within the Partnerships Work Unit. The role involves supporting Mayo Clinic's mission by identifying, evaluating, and developing new business opportunities such as partnerships, joint ventures, spin-offs, investments, mergers, and acquisitions. The position requires working on multiple projects simultaneously, contributing to overall project management, and developing assessments, reports, analyses, business plans, and market research. The role will also collaborate with other work units like Commercialization, Technology Development, and Investments, and will focus initially on Medical Devices and Health IT, while also working with Biopharmaceuticals and Diagnostics.

Requirements

Master’s degree required, or an advanced degree preferred (e.g., PhD, MD, JD), in business, science, or related relevant field, plus one year specific experience related to the role and area of work: business development, finance/venture capital, technology transfer, venture management, i/p commercialization, licensing, patents, partnerships, business-to-business collaborations, investments, start-up companies and/or sourcing partnering opportunities in the health care, medical/biotechnology or financial/venture capital industries.
Bachelor’s degree and a minimum of three years experience parallel to the above.
Two years experience directly related to technology licensing for roles within the Commercialization Work Unit.
In lieu of a degree, a minimum of years of applicable experience equal to the number of years normally required to earn the degree will be recognized as satisfying the degree requirement, i.e. four years experience equivalency for a Bachelor’s degree, two years experience equivalency for a Master’s degree, two years experience equivalency for an advanced degree.
Ability to perform successfully in a business development/ technology commercialization role.
Ability to navigate required complex inter- and intra-organizational issues and relationships.
Excellent verbal and written communication skills with the ability to interact with a variety of different people with diverse backgrounds.
Strong project management skills and time management skills.
Ability to manage several initiatives simultaneously.
Entrepreneurial/intrapreneurial qualities.
Strong analytical skills.
Resourceful.
Able to work independently on assigned projects.

Nice To Haves

Business plan creation
Due diligence
Market research
Marketing plan development
Concept analysis
Business model development
Financial pro-forma development and analysis
Legal/regulatory issues assessment
Monitoring product/operating unit performance
Technical sales
Evaluation of medical technologies
Negotiations
Contract drafting
Evaluation of scientific and commercialization potential of cutting-edge technologies
Knowledge of science, clinical or bench research, business principles, laws and regulations that relate to the patenting and licensing of inventions.
Experience working with an organization or in a role directly related to one or more of the relevant Work Teams may be given special consideration.
Experience with an academic medical center or equivalent setting
Mergers and acquisition experience
Financial modeling and analytical valuation experience
Chartered Financial Analyst certification, (complete or in progress)
Experience with a national consulting firm in related functional areas or industries.

Responsibilities

Directly support the mission of Mayo Clinic Business Development.
Perform as an individual contributor, responsible for completing workflows and processes.
Develop assessments, reports, analyses, business plans, market research, and other material related to assigned projects.
Work on multiple projects simultaneously and organize and manage work accordingly.
Contribute to overall project management.
Source, evaluate, analyze, and develop new business opportunities for Mayo Clinic, including partnerships, joint ventures, new company spin-offs, investments, mergers, and acquisitions.
Work with areas throughout Mayo Clinic and the marketplace to identify new business opportunities.
Connect identified business opportunities with existing Mayo Clinic operational units, in alignment with the Mayo Clinic strategic plan, prioritized market opportunities, and competitive activity.
Contribute to the development of a network of industry, entrepreneurial, and investor contacts to serve as a resource for business development and/or commercialization activities.