Innovation Scholars, comprised of Innovation Partners (IP) and the Mayo Innovation Scholars Program (MISP) is highly selective and provides outstanding liberal arts students from 12 of Minnesota’s private colleges and universities the unique opportunity to engage in the business development processes of medical innovations in real time. Teams of students are challenged with interdisciplinary learning as they explore innovations at the intersection of science, business, medicine, and entrepreneurship. These projects contain real-world challenges associated with development and commercialization of biomedical innovations and products and provide students with exceptional practical exposure and experience. Teams present their findings in the form of business plans, presentations, or specific deliverables requested by early-stage companies or Mayo Clinic. Innovation Scholars programming is a collaborative effort between selected Minnesota private colleges, the Mayo Clinic, and Medical Alley early-stage medical companies.
Teamwork will occur between October and March (approximately 150-160 hours of work per student). Projects will be completed by late February/early March 2022 for formal presentations to Mayo project managers and inventors or company contacts and leadership. Each undergraduate student will receive a stipend of $1,000 upon completion of the program.
Augsburg has been assigned to the Mayo Innovation Scholars Program this year.
The application deadline is Thursday, September 23, 2021.