Latest news with #PatrickSeeb
Yahoo
23-05-2025
- Business
- Yahoo
Former Rochester City Council president tackles new role with DMC
May 22—ROCHESTER — A familiar face was introduced Thursday to the state Destination Medical Center Corp. board, but in a new role. "Some of you know her, because you sat alongside her when she was (Rochester) City Council president," DMC Economic Development Agency Patrick Seeb said as he introduced Brooke Carlson as the agency's newest team member. Carlson served on the council from 2021 to 2024. She opted not to seek a second term. As council president, she had a seat on the DMCC board for four years. Carlson started her new position as director of public experience for strategic infrastructure this week. Seeb said Carlson is assigned to the DMC effort through an arrangement with Mayo Clinic. The goal is to coordinate efforts related to infrastructure investments as the DMC initiative reaches its halfway point and Mayo Clinic's $5 billion "Bold. Forward. Unbound. In Rochester." expansion project continues. He said her initial focus will be working with neighbors, businesses and service organizations near the Mayo Clinic expansion project to optimize public investments by enable the communities to thrive amid the changes. "We expect to bring back before you a strategy that tells the story of the role DMC might consider playing in supporting unbound and the adjacent neighborhoods to maximize the extraordinary investment," he told the DMCC board. DMCC board member Doug Baker, who serves as Mayo Clinic's representative on the state board, said the work will be critical in the next five to 10 years. "We are in a different stage, obviously," he said. "The first 10 years have been a big success, and 'Forward. Unbound.' is one of the crowning achievements. The thing we have to ensure is we do a great job in enabling 'Forward. Unbound.' to live up to its potential, both for Rochester and Mayo." James Campbell, who is the longest-serving DMCC board member, agreed, but said the key component to any success will be listening to the people affected by the developments. "What you are going to be working on is absolute bedrock," he told Carlson. "It is critical for the next 10 years." Carlson said she's looking forward to the work ahead, which she expects will move from the downtown core to other areas of the city. "If you think about the impact of Bold Forward and downtown, you can think about concentric circles moving outward," she said. "As I step into this role, I will be thinking about those intercircles. They are more pressing; the construction and demolition is already well underway. People are being impacted in their day-to-day lives." She said she wants to coordinate efforts to set community priorities to help address the local impacts and maintain needed connections. Deputy City Administrator Cindy Steinhauser, who has been assigned to help coordinate city efforts with the Mayo Clinic expansion, said she's looking forward.
Yahoo
02-04-2025
- Business
- Yahoo
DMC opens third round of Main Street Economic Revitalization Grant program
Apr. 1—ROCHESTER — A third round of of the Main Street Economic Revitalization Grant funding opened Tuesday, April 1, 2025. The Destination Medical Center Economic Development Agency, in partnership with the Minnesota Department of Employment and Economic Development, is expected to award more than $720,000 in funds to local businesses in the DMC district and Lowertown Neighborhood. "Investing in our Main Street businesses strengthens the fabric of our community," Patrick Seeb, executive director of DMC EDA, said in a statement announcing the grant opportunity. "This grant program has already helped revitalize Rochester's business corridors, and we look forward to supporting even more projects that enhance our city's economic vitality." Grants of up to $175,000 are available per project, covering up to 30% of total project costs. Awards will be determined based on demand, and applicants may receive less than requested. Eligible businesses must be located in the two defined areas, with DMC district businesses near the planned Link Bus Rapid Transit corridor given priority, along with businesses in the Lowertown Neighborhood north of the downtown core. Funds can be used for property improvements, such as building repairs, renovations, new construction, landscaping, streetscaping, demolition, site preparation, design and engineering work, and non-public infrastructure. All awarded funds must be spent by June 30, 2026. Applications for the state funding must be submitted by April 16, and interested property owners and business tenants must demonstrate secured matching funds, which cannot come from other state or federal sources. The second and final funding session will open Aug. 4. For full eligibility details and to apply, visit the DMC Main Street Grant webpage at In the first two rounds of Main Street grants, the DMC EDA reported distributing nearly $4 million to more than 70 businesses and organizations. The program is linked to creating 300 permanent jobs and helping to fill 22 vacant spaces in Rochester.
Associated Press
19-02-2025
- Business
- Associated Press
NLC Health Venture and Minnesota MedTech 3.0 partner to connect European medtech startups to Minnesota
AMSTERDAM and MINNEAPOLIS and SAINT PAUL, Minn., Feb. 19, 2025 (GLOBE NEWSWIRE) -- Minnesota MedTech 3.0, the U.S. Tech Hub for medical technology, has formed a strategic partnership with NLC Health Ventures, a world-leading venture builder in health and medtech, based in the Netherlands. Minnesota MedTech 3.0 (MMT3.0) is a collaboration of more than 20 entities, organized through the GREATER MSP Partnership, to implement a shared strategy that will advance the country's global leadership in medical device technology. Coalition leaders, including Minnesota Governor Tim Walz, GREATER MSP President and CEO Peter Frosch, Destination Medical Center Executive Director Patrick Seeb, and Mayo Clinic Innovation Exchange leader Dr. Charles Bruce, signed a memorandum of understanding (MOU) at the NLC Health Ventures headquarters in Amsterdam. NLC is a leading global healthcare innovation platform with strong expertise in creating companies and bringing MedTech innovations from research to certified technologies that serve patients globally, headquartered in Europe and operating globally with emphasis on the United States. As part of their commitment to collaborate, NLC will integrate into the MMT3.0 ecosystem for MedTech innovation, including a community with expertise in design and testing, clinical research, regulatory pathways, venture finance, and health systems adoption of technology. MMT3.0 will support NLC in its exploration of establishing a physical presence in Minnesota to locate its U.S. platform office, which will have the role of coordinating the start-up and incubation of medical technology companies in which NLC and its financial partners invest. MMT 3.0 and NLC will explore the creation of a joint investment fund to accelerate the presence of NLC and its portfolio companies in Minnesota, inspired by the vehicle NLC currently manages on behalf of the Dutch Ministry of Economic Affairs. 'The agreement we signed today establishes a new partnership that will accelerate Minnesota's Med Tech 3.0 strategy by opening the American market to high-potential start-ups from the Netherlands and throughout Europe,' said Peter Frosch, President and CEO of GREATER MSP. 'Building this global bridge will support the growth of good jobs across Minnesota while helping us deliver new healthcare solutions to the country and the world.' 'We are thrilled to support the partnership between MMT 3.0, NLC, and the Dutch HealthTech ecosystem. Minnesota is an ideal U.S. market entry point for fast-growing international HealthTech companies,' said Patrick Seeb, Executive Director, Destination Medical Center. 'At DMC, we remain focused on building world-class HealthTech infrastructure, fostering a thriving ecosystem, and increasing global awareness of Rochester's role in medical innovation. The partnership between DEED, Greater MSP, Medical Alley, DMC, Mayo Clinic, and many others is critical in attracting and supporting groundbreaking companies that will shape the future of healthcare.' Building on the strengths of both organizations, this partnership combines MMT 3.0's knowledge of the U.S. healthcare system with NLC's proven expertise in creating and scaling successful health ventures. Together, they aim to drive investment and collaborative support for new medical technology innovation and company formation, development and growth in Minnesota. 'NLC aims to make the world a better place by bringing science to life. Without borders, but by enabling talent globally. We identify and advance groundbreaking intellectual property from around the world and establish and nurture companies that transform these innovations into technologies that deliver meaningful impact to patients,' said Bert Arjan Millenaar, Founder & CEO, NLC Health Ventures. 'Minnesota stands out as one of the world's leading MedTech hubs, and we already maintain strong collaborations with esteemed institutions such as Mayo Clinic and Medtronic. We are eager to deepen our engagement within the Minnesotan ecosystem and collaborate closely with the strategic stakeholders of MMT3.0. The region's expertise, proximity to key industry leaders, and spirit of collaboration make Minnesota an ideal launchpad for our European companies to establish their U.S. presence, as well as a fertile environment for the creation of new ventures.' 'This partnership is a testament to Minnesota's strength in health care solutions and will bring new opportunities to grow the medical technology industry,' said Minnesota Governor Tim Walz. 'We look forward to strengthening this endeavor, bringing investment and jobs to Minnesota, while expanding our leadership on a global stage.' Minnesota MedTech 3.0 builds on region's strengths in medical technology to create a medical device ecosystem that is even more connected, more strategic and 'smarter' by incorporating cutting-edge technologies, such as artificial intelligence, machine learning and data science. It aims to deliver results that matter to patients, hospitals, insurers, and medical-device manufacturers, such as faster innovation, new products and better health outcomes, in ways that manage rising costs. Building MedTech 3.0 in Minnesota will deliver thousands of good-paying jobs, spur a new generation of start-ups and attract billions of dollars in private capital. Minnesota was designated the U.S. Tech Hub for medical technology in 2023 by the U.S. Department of Commerce because of the region's global leadership in the sector and the new 3.0 strategy to build the sector's next frontier. Historically, Minnesota has been home to globally leading companies and institutions that helped establish a strong MedTech ecosystem. What's different with MedTech 3.0 is that the leaders of all these organizations are aligning around a shared strategy. This hub now connects the region's medical-device manufacturers with other parts of healthcare system, such as healthcare providers, insurers, information technology firms, private capital, research institutions and government. The coalition will also incorporate existing programs and solutions to speed up and improve the innovation process. About Minnesota MedTech 3.0 Minnesota MedTech 3.0 is a coalition of the GREATER MSP Partnership that includes Allina Health, Boston Scientific, Brown Venture Group, Center for Economic Inclusion, Fogarty Innovation, gener8tor, Governor's Workforce Development Board and Minnesota Department of Employment and Economic Development, HealthPartners, Mayo Clinic, Medica, Medical Alley Association, Metropolitan Economic Development Association (MEDA), Medtronic, Minnesota State, Minnesota Technology Association, MN SBIR, MSP Equity Fund, Shakopee Mdewakanton Sioux Community, State of Minnesota–Office of Governor Tim Walz, University of Minnesota, and Vensana Capital. About NLC Health Ventures NLC Health Ventures, based in Amsterdam, is the most active health technology investor in Europe and the world's largest healthtech venture builder. NLC finds, builds, and scales transformative health innovations with the goal of providing more patients with quality care. NLC is a Certified B-Corp, its funds comply with SFDR9 guidelines, and they contribute to ESG 3, 9, and 17. With more than 70 start-ups, 4 funds, and activity in 16 countries, they bring impactful innovations to patients on a large scale. About the GREATER MSP Partnership GREATER MSP is the economic development partnership for the 15-county Minneapolis–Saint Paul region. GREATER MSP is a coalition of more than 4,500 individuals from more than 300 leading businesses, universities, cities, counties and philanthropic organizations working together to accelerate competitiveness and inclusive economic growth of the 15-county Minneapolis–Saint Paul region while leading the nation in tackling the most difficult challenges of the new economy. About Destination Medical Center Destination Medical Center (DMC) is the largest public-private economic initiative in Minnesota's history. The 20-year plan to transform Rochester into a global destination for health and wellness will attract developers, investors, startups, and entrepreneurs to live, work and play in America's City for Health. For more information, visit Media contacts:
