Life Science Company and Industry News Briefs

Mayo Clinic Raising $3 Billion for Research

Posted by Anita Zhang on Mon, May 12, 2014

This month the Mayo Clinic has announced the official beginning of a $3 billion philanthropic fundraising campaign to accelerate the pace of research, to solve unmet needs of patients, and to improve the quality of health care. Mayo clinic has so far raised more than half the money, or $1.7 billion, since the quiet phase of the campaign began in 2010. The campaign will continue until December 31, 2017.

The lack of consistent funding sources is the biggest barrier to accelerating medical breakthroughs that can benefit patients. Traditional funding sources, such as federal grants, really cannot cover the cost of cutting edge research and the following clinical processes.

Approximately 85% of the campaign's philanthropic grants come from patients. A successful campaign will help patients with new treatments and cures, finding answers for devastating diseases, and supporting unparalleled patient care. The benefactors' generosity and legacy will matter for generations to come.

Mayo Clinic: One of the leading research institutions in the world

2014 marks 150 years of Mayo Clinic's continuous service to patients. It is the first and largest integrated non-profit medical group practice in the world.

Some facts highlighting Mayo Clinic's role in research:

  • Over $500 million spent on research annually
  • It has been selected by the U.S. News & World Report as one of the “Best Hospitals” for more than 20 years.
  • 196 full-time investigators, 623 physicians, and 3,369 full-time research personnel are actively engaged in research at Mayo Clinic.
  • In 2014 it received $192 million in research funding from the NIH in 2013 and $35 million as of May 12th.
  • In 2013, Mayo Clinic spent $634 million on research. The breakdown of Mayo Clinic’s total budget funding in 2013 is as follows:


Financial Sources


Mayo Institutional


$248 million

Federal & State

$304 million



Other Extramural

$38 million


Marketing to Rochester:

The Mayo Clinic, located in Rochester, contributes a great deal to the life science research market in Minnesota each year. Laboratory supply companies cannot afford to miss an opportunity to network with the Rochester research market.

Biotechnology Calendar, Inc. organizes the Annual BioResearch Product Faire™ Event in Rochester, Minnesota to help laboratory supply companies connect with their target market and expand their brand recognition in the Rochester area. Biotechnology Calendar, Inc. is expecting a higher attendance rate at this year's BioResearch Product Faire™ Event in Rochester, Minnesota on May 22nd.

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Last year the BioResearch Product Faire™ event in Rochester, Minnesota attracted over 110 attendees. Of these attendees, 30 were purchasing agents, professors and post docs, and 12 were lab managers. These attendees came from 12 different research buildings and 29 on campus departments.

The breakdown of attendees by department is as follows:

  • 24% came from the Department of Biochemistry and Molecular Biology
  • 11% came from the Department of Immunology
  • 10% came from the Molecular Pharmacy & Therapeutic
  • The rest were from 26 different departments from more than three different institutions in the Rochester region. 


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If you are a laboratory supply company, demonstrating your products and services will provide information about the newest technology available to academic researchers within the Rochester, Minnesota area.

Please click the button below for more information about the BioResearch Product Faire™ Event on May 22, 2014 in Rochester, Minnesota.


Get Info About Rochester, Minnesota Event Here


Biotechnology Calendar organizes more BioResearch Product Faire™ events at different institutions across the nation. Please read the National Show Schedule for 2014.

Tags: 2014, Minnesota, Rochester, Mayo Clinic, RMN

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