TechUnited
TechUnited: NJ is a 26-year-old community that empowers entrepreneurs and innovators to build a better future for all. From significant scale events like Propelify, intimate gatherings, policy advocacy, mentorship programs, and a successful partner venture fund in Tech Council Ventures, TechUnited helps businesses grow faster by uniting them with the resources they need to thrive.
TechUnited is launching BetterFutureLabs, a Startup Studio that will act as an institutional cofounder to startups; sourcing pain points to solve from TechUnited’s corporate partners like PSEG, Verizon, RWJBarnabas, Cross River Bank, and more. In partnership with Princeton University and NJ City University, BetterFutureLabs aims to launch companies that solve real problems by leveraging access to talent, capital, and mentorship, acting as an institutional cofounder.
BetterFutureLabs has secured an initial $1M in government funding with support from Congresswoman Bonnie Watson Coleman and is well on the way towards raising $12M from corporate partners to support 3 years of operation and as investments into the first cohort.
This role is for BetterFutureLabs by TechUnited in recruitment partnership with Captivate Talent
What we’re looking for:
BetterFutureLabs is seeking a Managing Partner / Co-Founder to help build out and launch the program. The MD should have a history of entrepreneurial success as well as fundraising. The ideal candidate will have experience building tech products and teams and understand what it takes to build a company from scratch. In addition, the MD will act as the key liaison between our C-Suite Corporate partners as well as the university partners. The candidate should have experience being in these environments, navigating corporate relationships. Experience in understanding an addressable market determining product: market fit will be critical. Experience in licensing IP from Universities is beneficial but not required. Additionally, the MD should have experience making investments into startups and/or venture funds. The MD should have experience building out a team and leveraging their network to recruit team members for BetterFutureLabs as well as cofounders for the companies
Outcomes:
- Help continue to fundraise our initial target of 12M with existing contacts while bringing in new contacts that could add between $1-4M in total fundraise
- Facilitate corporate discovery process Corporations through discovery process
- Design & implement framework to lead investment decisions
- Help form program and recruit in thought-leaders/mentors
- Leverage network to recruit founders/CEO to lead portfolio co’s
- Drive the brand development with CEO of Techunited
- Provide input and hire two to four members of team
- Negotiate and build out space
Have done some or all of:
- The founding team of a startup/tech company
- Raised capital
- Sold a tech company
- Invested in tech startup(s)
- Have shown a display of figuring out the product: market fit; rapidly pivoting as you go
- Be comfortable in a room of fortune 500 C-Suite leaders
- Tech-driven mentality