Rochester, Minn.-based Mayo Clinic has received a $50 million donation from Florida philanthropists Gilchrist and Amy Berg — a gift dedicated to the health system’s innovation efforts.
The money will support Mayo’s Innovation Exchange, a program that helps healthcare startups and entrepreneurs bring new technologies to patients. In recognition of the donation, the program will be renamed the Mayo Clinic Berg Innovation Exchange, according to a June 30 news release.
The Innovation Exchange serves as a hub for global collaboration, bringing together experts in AI, digital health, product design and more. It has a footprint on six continents and supports startups working on tools in diagnostics, therapeutics and medical devices, according to Mayo Clinic.
The Bergs have been involved with the Innovation Exchange since its 2019 launch. Their donation will help the program fund early-stage research, expand mentoring opportunities and connect entrepreneurs with resources at Mayo Clinic.
