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DMC Discovery Square

DMC’s Discovery Square, which will include the current Minnesota BioBusiness Center, is anticipated to be one of the largest drivers for job growth as it positions Rochester to attract medical innovators and researchers with the ultimate goal of commercializing new medical discovery and businesses throughout the city and the state. A feasibility study of the proposed biobusiness hub Discovery Square is expected in February of 2016, according to Economic Development Agency Director and Mayo Clinic Chief Administrative Officer Jeff Bolton. The study, which is being funded by Mayo Clinic, will evaluate the extent to which Mayo Clinic and DMC might attract investment and entrepreneurs to Rochester, in addition to potential developer revenue streams and other types of industries that might be interested. “We’re hoping this serves as a hotbed of innovation that pushes us toward new modes of development,” Bolton said.

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Project Impact(s): Economic Development

This project is in Develop Phase.

  • Please scroll the following to view Beam's understanding of the project's strategy, indicators, expected results, and monitored metrics.
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Collaborators, Project Type, Impacts, Related Projects

 

Collaborators 

Lead Organization: DMC EDA

Contact: Lisa Clark ; Email: TBD ; Phone: TBD

Known/Likely Collaborators: City of Rochester, MN ; DMC EDA ; Mayo Business Accelerator ; Mayo Clinic Ventures

Potential Collaborators:

Related Projects

Destination Medical Center (DMC) ; Discovery Square One ; Discovery Walk Co-designing ; Heart of the City Peace Plaza Public Realm ; Residence at Discovery Square (Third Ave Lofts Residence at Discovery Square) ; Saint Marys Place Design Process with citizen's participation ; Two Discovery Square

Impacts 

Major Impact:  Universal Design

PlanScape Impacts :

Level 1: Economic Development

Level 2:

DMC Impacts:

Technology, Discovery Square

Community Health Impacts:

Type of Project

Planning, Special  

 

 

Detailed Description

 

DMC Discovery Square Slides

 

Extracted from November 2022 DMCC Board

 

 

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Memo to DMCC

 

 

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Strategy
Unknown

 

Expected Results

How to build out discovery square

 

 

Metrics
Unknown

 

Key reports on: DMC Discovery Square

DMC Discovery Square Design Process (November 11, 2022)
Discovery Square Status to DMCC November Board Meeting: 6 Elements of Success

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Last modified by support on 2022/11/12
Created by allnode on 2015/05/01

 

 

 

Site Information
Project Phase Definitions
The following defines the various project phases:
  1. Available - a product, program or service is in production
  2. Develop - program or application is being developed
  3. Plan - idea is solid, stakeholders are identified, and there is strong commitment to go forward from all parties.
  4. Concept Phase - idea scoped out with enough details to give an early sizing and/or to build a proof of concept
    demonstration
  5. Pre-concept Phase - an early idea or a requirement.
About Beam

Community Beam (dmcbeam.org) is a registry of private and public resources (organizations, projects, initiatives, programs) that underpin economic and social developments of greater Rochester:

  • For the commercial sector, we tend to register startup activities (new companies and new commercial projects) that bring diversification and high-impact opportunities to the area.
  • For the non-profit sector, we wish to shine light on all the organizations and services that otherwise labor under relative obscurity.
  • Our hope is that dmcbeam.org will encourage cross-sector collaborations and creative solutions.

While there are a number of registries in the community, dmcbeam.org's  distinct value is to pilot a database with a data structure and categorizations that answer the questions such as: What organizations or projects/programs in our community that have purported relevance with some of the over-arching focuses put forward by initiatives such as DMC, J2G and Health Improvements?

This database could be used as one of the ways to explore the capacities of the community. If you are someone on an exploratory journey to learn about the greater Rochester community. dmcbeam.org could be an interesting first step.

Links to Beam sub-sites 
Sample of Beam sub-sites: