Innovation Lead

4 weeks ago

Sunnyvale, California, United States Intuitive Surgical Full time
Job Description

Primary Function of Position:

The Endoluminal business unit at Intuitive is seeking an Innovation Lead to identify and develop new business opportunities to unlock future growth, build a robust and differentiated ecosystem, bridge existing product/technology gaps and enable an open access platform. This position will lead a matrixed team of internal and external specialists through the innovation and business implementation process and will play a critical role in building sustainable business models leveraging both internal and external partnerships.

This role will focus on leading new Endoluminal venture development and managing a portfolio of activities across the innovation and business implementation process, including fostering relationships with select startup/strategic partners, developing collaboration opportunities, executing POCs or pilots with partners, developing and pitching new venture proposals to secure internal funding, overseeing the product development of demos and MVPs in collaboration with engineering colleagues, and working to operationalize new ventures.

Essential Job Duties:

  • Lead a matrixed team of internal and external entrepreneurs and specialists to identify, incubate and implement new innovations and/or businesses that will drive future growth for the Endoluminal business unit.
  • Collaborate with the business development team to Identify and evaluate high-potential startups and new technology growth areas within or adjacent to the Endoluminal technology space.
  • Support and manage the development of new strategic engagements with select external organizations to enable Endoluminal innovation priorities.
  • Support the development of collaboration models (licenses, M&A, commercial agreement, investment etc.), product/service concepts and business models including investigation of value proposition, customer segments, market channels, key partners, key resources, revenue streams and cost structure.
  • Execute new market research and pilots/POCs to evaluate and validate value proposition of new innovations/businesses.
  • Support and manage the incubation and implementation of new programs, working with partners across the business including, engineering, clinical, finance, regulatory, market access, business development and legal.
  • Collaborate with commercial and competitive intelligence teams to monitor and review external market trends, competitive landscape, intellectual property and emerging technologies.
  • Ongoing oversight of portfolio of innovation programs once established.
  • Track portfolio of internal and external innovation programs to support key outcome points for M&A or transfer/integration of innovations within the Endoluminal business unit.
  • Work across the organization with internal and external partners to align functional support and input for the innovation programs.
  • Identify program risks and work closely with internal team and partners to implement mitigation strategies.
  • Collaborate with finance to develop and maintain budget for innovation programs.

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