Mayo Clinic launches innovation competition to license technology

Rochester, Minn.-based Mayo Clinic's Think Big Challenge encouraging healthcare innovation has returned, but with a twist. This year, one business or entrepreneur will create and pitch a strategy to take a Mayo Clinic technology to market.

Previously, Mayo's Think Big Challenge asked innovators to develop a new technology and pitch a strategy to take it to market. This year, innovators will choose one of four technologies from Mayo Clinic Ventures and pitch the strategy for it.

The technologies are a business enhancement analytics tool, targeted therapies for Cholangiopathies, bedside patient rescue and a device for measuring ocular counter roll.

In addition to leading a team and taking home $50,000 in cash, the winner will be named the Mayo Clinic Think Big Challenge Entrepreneur in Residence.

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