Techstars++ launches, expands Mayo Clinic Business Accelerator - KTTC Rochester, Austin, Mason City News, Weather and Sports

Techstars++ launches, expands Mayo Clinic Business Accelerator

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Techstars++ launches, expands Mayo Clinic Business Accelerator Techstars++ launches, expands Mayo Clinic Business Accelerator
ROCHESTER, Minn. (KTTC) – Once again, Mayo Clinic is making a push for small bio business start-ups to grow roots in Rochester, as they expand the Mayo Clinic Business Accelerator.

Almost two years to the day after the Mayo Clinic Business Accelerator opened it's doors, it's getting bigger. This is Techstar ++'s first venture into Rochester. Teaming up with the business accelerator will bring in new companies and give them a chance to work with other start-ups and with Mayo.

"We have companies from outside of Rochester coming to Rochester to experience what Rochester has to offer,” said Jim Rogers of Mayo Clinic Ventures.

Techstars++ is moving in, offering a two-week condensed version of its usual three-month program to network with the brains at Mayo. It's an expansion of the original accelerator down the hall, which provides office space and resources for new businesses so they can hit the ground running.

For those trying to get their foot in the doors at Mayo, Monday's ribbon cutting means big opportunity.

"Mayo is really interested in working with companies who are open to coaching, they're really looking for companies who are open to their feedback, and learning from their experiences and hopefully looking to launch a pilot after the few weeks that we're here,” said Sam Zebarjadi of the company Medicast.

The new Techstar office space will be home to four companies: BitfinderMedicastPatient I.O., and Ovuline.

"Having really strong, big companies here as well helps us companies learn and accelerate probably faster than if they were somewhere else,” said Nafis Zebarjadi, also of Medicast.

The companies are set to spend two weeks in Rochester. The hope is that they'll stay, further developing the bio business culture here in Rochester.

"This is more that will really put Rochester further on the map and complements, too, what we're doing with the whole DMC,” said Rochester Mayor Ardell Brede.

It's further fostering an innovation culture in Rochester as the “Techstars” align.

“Techstars++ is great,” said Sam Zebarjadi of Medicast. “It gives us the opportunity to come in with one of the world's leading hospital systems, and really find ways to innovate and accelerate our business. So being here really gives us the opportunity to learn and take advantage of the mentorship, but also give back some of our experiences as a very lean an innovative start-up company.”

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