It is getting close to the big reveal of the Mayo Clinic Business Accelerator in the City of Rochester's Minnesota BioBusiness Center.
The plan, as I understand it, is to announce the new tenants - possibly eight - in the 2,500-square-foot center at RAEDI's annual meeting on Thursday. Remember this new twist on a business incubator is designed to house early
biotech start-ups as well as venture capitalists. The tenant names have been kept hidden from anyone outside of Mayo Clinic and the usual insider crowd of public figures.
And yet this morning, a couple of venture capitalist firms' names are as clear as glass as being part of this private/public project.
Sanderling Ventures and Versant Ventures are up on the window, along with Mayo Clinic Ventures, the City of Rochester and RAEDI.
The California-based firm has a lot of experience working with Mayo Clinic and Mayo-related companies, like Torax and Naviscan.
I don't know as much as about Versant Ventures, but it is also based in California. However, it also has an office in Minneapolis.
Here's some background on the accelerator:
Mayo Clinic is giving $100,000 to turn the unused space, which is owned
by the city, into offices. RAEDI will handle the management and leasing
of the space.
HGA, which was the architect firm for the building, handled designs for this space. Lots of glass walls, I hear. Rents are expected to range from
$13 to $15 per square foot.