Mayo Clinic offers $50,000 and advice to entrepreneurs with innovative ideas

Mayo Clinic

ROCHESTER, Minn. – Mayo Clinic is launching a nation-wide contest called the THINK BIG Challenge. They’re inviting entrepreneurs from all over to submit innovative ideas to transform the future of health care.

Two winners will be selected, each winning $50,000 for start-up costs. However, arguably a more valuable prize will be one year of guidance from Mayo Clinic experts.

“I think it will be tremendous. I think from our perspective, it’s kind of in our sweet spot where we can really provide what we know, what we understand. We can help translate the issues we’re seeing and hopefully improve care for patients,” explains James Rogers, Chair of Mayo Clinic Ventures.

The finalists will present their ideas on stage at this years Transform 2015 Conference. Judges will then select the winners in a “Shark Tank” type approach, according to Rogers.

For more information on the contest, including how to apply follow the link below:

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