Innovations - New Ventures
Summary: Responsible for commercializing a large portfolio of Cleveland Clinic intellectual property in the form of license, spin-off company or developing products with CC manufacturing partners maximizing value to CC. Will engage with inventors, organize deals and set strategy to commercialize CC technology, assess commercial market, develop technology, develop financial model, structure deal terms, identify appropriate commercial partners, negotiate deal terms, execute and enforce agreements.
Job Responsibilities: Lead technology through commercialization process, from concept to market entry. Engage with CC inventors to set and communicate commercialization strategy for CC-developed technology; assess market to determine commercialization potential and perform market and technology research through various publications. Build financial models for CC technology for either licensing or spin-off activity. Structure deal terms to maximize CC value, identify potential commercial partners, negotiate deal terms and execute appropriate agreements. Manage patent prosecution and maintenance to best protect CC intellectual portfolio. Lead business and strategic development and capital raising efforts. Prepare business plans and develop corporate strategy. Source, negotiate, execute and enforce commercial deals. Other duties as assigned.
Education: Bachelor degree in life or physical sciences,biomedical engineering, finance or business. An advanced degree in life sciences and/or business administration (MD, PhD, or MBA) a plus.
Experience: A minimum of eight years experience in technology commercialization/relevant experience is required. The proper candidate will bring a network of industry contacts and an established deal sheet consisting of high level licensing/equity partnerships with medical device, biotechnology and pharmaceutical companies. Must have knowledge of biotechnology business development. Must have the ability to communicate effectively with academic and corporate sectors and comprehend details of new and diverse technologies. Must be a self-starter with strong work ethics and excellent marketing and negotiation skills. Must have demonstrated comfort with multi-tasking and the ability to meet deadlines.
Licensure/Certification/Registration: None
Physical Requirements: Requires frequent sitting, normal or corrected vision and manual dexterity sufficient to perform work on a personal computer. Requires the ability to walk to various locations to attend meetings.
