Principal Associate, Venture Capital

We anticipate the application window for this opening will close on - 5 Jan 2026

A Day in the Life

Position can be based in Minneapolis, MN or Boston, MA.

This role and the broader Ventures group serve an important strategic function within Medtronic. The investments made by the Ventures team enable the acceleration of innovation and new product development in the broader medical device community, which in turn contributes to the fulfillment of Medtronic’s mission to alleviate pain, restore health, and extend life.

Responsibilities include selecting and prioritizing markets or sectors of investment interest in conjunction with Medtronic operating units and originating new minority investments in companies of interest. Investment targets are chosen based on both strategic alignment with Medtronic and the potential for strong financial returns.

As part of the team, the individual in this position will work closely with VPs, Senior Directors, and other Associates within the pod and the broader Ventures team. Collaboration will also extend to project teams that include personnel from various corporate and business unit functional departments, such as clinical, regulatory, healthcare economics, finance, legal, and information technology.

This role involves active participation in investment activities, including financial analysis of potential and existing minority investments. Additional responsibilities include conducting technical, clinical, and market due diligence, as well as investment structuring, negotiation, and closing transactions.

Another key aspect of the role is preparing and presenting new investment proposals and recommendations to executive management for consideration.

At Medtronic, we bring bold ideas forward with speed and decisiveness to put patients first in everything we do. In-person exchanges are invaluable to our work. We’re working a minimum of 4 days a week onsite as part of our commitment to fostering a culture of professional growth and cross‑functional collaboration as we work together to engineer the extraordinary.

Responsibilities may include the following and other duties may be assigned :

• Coordinate due diligence activities on target companies relating to target pro forma financial modeling, target pro forma capitalization table, waterfall, and investment return scenario analysis.
• Coordinate weekly investment team meeting agendas, logging projects through the evaluation process and engaging in active discussions about the pro’s and con’s of target opportunities.
• Research and compile clinical and technical assessments of new and existing medical technologies, healthcare services and business models, as well as complete market and competitive analysis and profiling.
• Prepare monthly reports of venture capital and private equity activity and trends.
• Participate with the Ventures team in receiving and vetting investment presentations by companies seeking to raise venture and growth capital.
• Perform analysis to determine potential market size and opportunity for new products and technologies.
• Support corporate‑wide strategic initiatives as well as Ventures / Corporate Development process and capability improvement activities.
• Prepare presentation materials for meetings with Medtronic constituents relating to approval and reporting investments.

Must Have : Minimum Requirements

Nice to Have

Physical Job Requirements

The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position, but they are not an exhaustive list of all the required responsibilities and skills of this position.

The physical demands described within the Responsibilities section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. For Office Roles : While performing the duties of this job, the employee is regularly required to be independently mobile. The employee is also required to interact with a computer, and communicate with peers and co-workers. Contact your manager or local HR to understand the Work Conditions and Physical requirements that may be specific to each role.

Benefits & Compensation

Medtronic offers a competitive Salary and flexible Benefits Package

A commitment to our employees lives at the core of our values. We recognize their contributions. They share in the success they help to create. We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage.

Salary ranges for U.S (excl. PR) locations (USD) : $133,600.00 - $200,400.00 This position is eligible for a short-term incentive called the Medtronic Incentive Plan (MIP). The base salary range is applicable across the United States, excluding Puerto Rico and specific locations in California. The offered rate complies with federal and local regulations and may vary based on factors such as experience, certification / education, market conditions, and location. Compensation and benefits information pertains solely to candidates hired within the United States (local market compensation and benefits will apply for others).

The following benefits and additional compensation are available to those regular employees who work 20+ hours per week : Health, Dental and vision insurance , Health Savings Account , Healthcare Flexible Spending Account , Life insurance, Long‑term disability leave , Dependent daycare spending account , Tuition assistance / reimbursement , and Simple Steps (global well‑being program).

The following benefits and additional compensation are available to all regular employees : Incentive plans, 401(k) plan plus employer contribution and match , Short‑term disability , Paid time off , Paid holidays , Employee Stock Purchase Plan , Employee Assistance Program , Non‑qualified Retirement Plan Supplement (subject to IRS earning minimums) , and Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums).

Regular employees are those who are not temporary, such as interns. Temporary employees are eligible for paid sick time, as required under applicable state law, and the Employee Stock Purchase Plan. Please note some of the above benefits may not apply to workers in Puerto Rico.

Further details are available at the link below :

Medtronic benefits and compensation plans

About Medtronic

We lead global healthcare technology and boldly attack the most challenging health problems facing humanity by searching out and finding solutions.

Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 95,000+ passionate people.

We are engineers at heart— putting ambitious ideas to work to generate real solutions for real people. From the R&D lab, to the factory floor, to the conference room, every one of us experiments, creates, builds, improves and solves. We have the talent, diverse perspectives, and guts to engineer the extraordinary.

Learn more about our business, mission, and our commitment to diversity here.

It is the policy of Medtronic to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and / or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, Medtronic will provide reasonable accommodations for qualified individuals with disabilities.

If you are applying to perform work for Medtronic, Inc. (“Medtronic”) in any position which will involve performing at least two (2) hours of work on average each week within the unincorporated areas of Los Angeles County, you can find here a list of all material job duties of the specific job position which Medtronic reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of a conditional offer of employment. Medtronic will consider for employment qualified job applicants with arrest or conviction records in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.

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