The Director of New Ventures leads the creation of startup companies based on internal technologies.
Job Responsibilities
- Find internal company, technology or monetization opportunities and determine / realize their revenue potential over the short and long term.
- Facilitate early stage startup development using infrastructure, capital, and talent investments/strategies including creating internal / annual investment vehicles.
- Identify and support external revenue opportunities including new top line streams, co-investment vehicles, corporate, sovereign and channel distribution partnerships.
- Direct and lead each entrepreneurial opportunity to the appropriate funding channel
- Assist in the implementation of all business case strategies including identifying startup CEOs, obtaining financing, negotiating license terms and board representation.
- Develop structures for supporting startups including external resources and services.
- Collaborate to develop, execute and oversee the education, training and support of internal inventors and their business plans.
- Create a safe harbor for entrepreneurship and an overall culture of entrepreneurship.
- Stay current on public policy, market conditions, industry trends and peer institution benchmarks, and articulates the local impact of global environments.
- Participate in feasibility analyses and action planning in response to shifting industry dynamics and market conditions.
- Hire, manage and develop staff to create and sustain high performance teams.
Required Education and Experience
Required Education: Bachelors in Business, Health Science, Healthcare Administration or a similar program.
Required Experience:
- Five (5) years of experience managing projects and/or business development.
- Five (5) years of experience in an innovation program, design thinking role, startup, and/or startup accelerator.
- Five (5) years of experience leading innovation commercialization through development of start-ups, new business development opportunities or similar.
- Five (5) years of experience leading end-to-end strategy development through execution and operationalization.
Preferred Education, Experience & Cert/Lic
Preferred Education: Advanced degree (JD, PhD, or MBA) in business, law or related field
Preferred Experience:
- Ten (10) years of experience managing projects and/or business development.
- Ten (10) years of experience in an innovation program, design thinking role, startup, and/or startup accelerator.
- Ten (10) years of experience leading innovation commercialization through development of start-ups, new business development opportunities or similar.
- Ten (10) years of experience leading end-to-end strategy development through execution and operationalization.
- Experience in an academic healthcare environment.
Additional Technical Requirements
- Expert proficiency in negotiations.
- Expert proficiency in legal contract and investment documents
- Expert knowledge of business plan development and implementation
- Expert knowledge of startup funding including Seed, Series A and Series B financing
- Excellent written/verbal communication skills
- Excellent leadership skills
- Ability to collaborate with stakeholders at all levels.
- Ability to influence others to accomplish tasks outside of the direct span of control
If interested, please apply here.
