Senior Associate - Business Development - Technology Development

Mayo Clinic•Jacksonville, FL

3d•$107,400 - $150,400•Hybrid

About The Position

The Senior Associate supports Mayo Clinic Business Development by completing workflows and processes and developing assessments, reports, analyses, business plans, market research, and other project materials. The role is primarily an individual-contributor position, involving multiple simultaneous projects and contributing to overall project management. This posting focuses specifically on biopharmaceutical and diagnostic technology development. Within the Technology Development Work Unit, the Senior Associate facilitates the development and commercialization of Mayo Clinic technologies in collaboration with Mayo Clinic staff, external companies, entrepreneurs, and investors. Work includes identifying and evaluating technologies arising from clinical and research activities; collaborating with physicians, researchers, and cross-functional teams; supporting invention disclosure, intellectual property development, and patent strategy; and assessing feasibility, markets, competition, and commercial viability. The role also develops materials for internal and external audiences, monitors industry trends and emerging technologies, and supports project planning and execution while observing regulatory, ethical, and confidentiality standards. Positions are assigned to one of three Work Units—Partnerships, Commercialization, or Technology Development—and to one or more Work Teams: Biopharmaceuticals, Medical Devices, Diagnostics, Health Information Technology/AI, Health Services & Robotics, or Investments. Team members are typically placed into two Work Teams. This is a hybrid position located within 100 miles of Mayo Clinic Phoenix, Arizona.

Requirements

Master’s degree in business, science, or a relevant field, or an advanced degree such as a PhD, MD, or JD, plus one year of role- and work-area-related experience; alternatively, a bachelor’s degree and at least three years of parallel experience.
Applicable experience may include business development, finance or venture capital, technology transfer, venture management, intellectual property commercialization, licensing, patents, partnerships, business-to-business collaborations, investments, start-up companies, or sourcing partnering opportunities in healthcare, medical/biotechnology, or financial/venture capital industries.
For Commercialization Work Unit roles, two years of experience directly related to technology licensing.
In lieu of a degree, applicable experience equal to the customary years required to earn the degree may satisfy the degree requirement, as specified in the posting.
Ability to perform successfully in business development or technology commercialization and navigate complex inter- and intra-organizational issues and relationships.
Excellent verbal and written communication skills and ability to interact with people from diverse backgrounds.
Strong project-management and time-management skills, including ability to manage several initiatives simultaneously.
Entrepreneurial or intrapreneurial qualities.
Strong analytical skills, resourcefulness, and ability to work independently on assigned projects.
Must be located within 100 miles of Mayo Clinic Phoenix, Arizona.

Nice To Haves

Depending on assignment: business-plan creation, due diligence, market research, marketing-plan development, concept analysis, business-model development, financial pro-forma development and analysis, legal/regulatory assessment, product or operating-unit performance monitoring, technical sales, medical-technology evaluation, negotiations, contract drafting, or evaluation of scientific and commercialization potential of cutting-edge technologies.
Depending on assignment: knowledge of science, clinical or bench research, business principles, and laws and regulations relating to patenting and licensing inventions.
Experience with an organization or role directly related to one or more relevant Work Teams may receive special consideration.
Experience in an academic medical center or equivalent setting.
Mergers and acquisitions experience.
Financial modeling and analytical valuation experience.
Chartered Financial Analyst certification, completed or in progress.
Experience with a national consulting firm in related functional areas or industries.

Responsibilities

Complete workflows and processes and develop assessments, reports, analyses, business plans, market research, and other materials for assigned projects.
Manage work across multiple simultaneous projects and contribute to overall project management.
Identify, evaluate, and support the development of novel technologies arising from Mayo Clinic clinical and research activities, with a focus on improving patient care and outcomes.
Collaborate with physicians, researchers, and cross-functional teams to advance solutions and align technology development with organizational priorities.
Facilitate invention disclosures and intellectual property development, including identifying patentable innovations, conducting prior-art and landscape analyses, and supporting intellectual property strategy.
Conduct feasibility assessments, market analyses, and competitive evaluations to assess the potential impact and commercial viability of technologies.
Develop summaries, presentations, and supporting materials to communicate and promote technologies to internal and external audiences.
Monitor industry trends and emerging technologies and contribute to improving development processes.
Ensure work complies with regulatory, ethical, and confidentiality standards.
Support planning and execution of technology development and commercialization projects, including defining scope, timelines, and deliverables and coordinating internal and external stakeholders.