May 10, 2018

Made at Mayo: How lifting a startup ban at one of the nation’s top health systems ushered in a wave of innovation in Rochester

By Karl W Oestreich

Minneapolis/St. Paul Business Journal
by Maddy Kennedy

Dr. Darryl Barnes has been inventing things for as long as he can remember. As a full-time Mayo Clinic physician and part-time entrepreneur, Minneapolis-St. Paul Business Journal LogoBarnes has developed dozens of devices and worked on numerous side projects in his, admittedly limited, free time. His most recent startup, a medical device company he co-founded in 2014, is distinctly different from anything else he has ever worked on. Because for the first time in his medical career, Barnes is in control of his own invention. The Mayo Clinic has been regarded as a hub for cutting-edge medical research for most of its existence. But for years, the health care giant barred its doctors and researchers from participating in most types of entrepreneurship…That changed in 2013. The Mayo Clinic lifted the restriction and created employee entrepreneurship programs that gave Mayo Clinic doctors and researchers additional freedom with the products that they created.

Reach: The Minneapolis-St. Paul Business Journal, with a weekly circulation of more than 12,000, is published by American City Business Journals which owns more than 40 other local business newspapers. Its website receives more than 44,000 unique visitors each month.

Originally appeared here:
Minne Inno
Made at Mayo: How Lifting a Startup Ban at One of the Nation’s Top Health Systems Ushered in a Wave of Innovation in Rochester
by Maddy Kennedy

Dr. Darryl Barnes has been inventing things for as long as he can remember. As a full-time Mayo Clinic physician and part-time entrepreneur, Barnes has developed dozens of devices and worked on numerous side projects in his, admittedly limited, free time. His most recent startup, a medical device company he co-founded in 2014, is distinctly different from anything else he has ever worked on. Because for the first time in his medical career, Barnes is in control of his own invention.

Context: Some of the medical advancements most widely used throughout the world have been developed at Mayo Clinic. Nearly every MRI machine contains Mayo Clinic technology. Mayo Clinic holds the patent for the assay-of-choice to diagnose vitamin D deficiency and monitor treatment results. Mayo Clinic was awarded a Nobel Prize for discoveries that led to the isolation and first use of cortisone. Mayo Clinic intellectual property has been instrumental to the creation and success of numerous startup companies. You can read more about Mayo Clinic Ventures here.

Contact:  Duska Anastasijevic

Tags: Minne Inno, Uncategorized

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