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VTCRC Managing Director of Innovations

2 months ago

Blacksburg, United States Virginia Tech Foundation Full time
Job DescriptionJob DescriptionVirginia Tech Foundation, Inc. (VTF) is a nonstock corporation established in 1948 for the sole purpose of managing Virginia Tech’s endowment and real estate portfolio. VTF exists and operates as a separate, independent entity with its own officers and governing board – managing, investing, and distributing private resources to advance Virginia Tech’s mission and its strategic priorities. VTF’s wholly owned for-profit subsidiary, Virginia Tech Corporate Research Center, Inc. (VTCRC), is a research park that catalyzes commercialization and industry collaboration.

Position Summary:

Reporting to the VTCRC President, the Managing Director of Innovations approves and directs innovation programming managed by VTCRC Business Development, Communications, and Tenant Relations. The Managing Director – oversees resource management and supervises project design and execution, ensuring that projects are strategically aligned, designed for measurable outcomes, and are producing beneficial results. The ideal candidate has a strong background in project management with a focus on adherence to scope, timelines, and budget.

The Managing Director works closely with VTF Operations, Finance, Legal, and Strategy senior management to ensure alignment with strategic objectives and regulatory compliance.

Role & Responsibilities:

Leadership:

  • Oversee a portfolio of innovation programming projects across the organization.
  • Approve and coach teams in developing comprehensive project plans that align stakeholder requirements with VTCRC goals.
  • Consult with internal and external partners during all project phases, from initial development through implementation and completion.
  • Model and encourage innovative thinking in project design and execution.
  • Coordinate VTCRC Innovation projects with VTF leaders.

Project Management:

  • Identify resources required to deliver project outcomes.
  • Foster a culture of continuous improvement within project teams.
  • Encourage and facilitate entrepreneurial and strategic thinking and innovation within the organization.

Collaboration:

  • Work closely with VTF Operations, Finance, Legal, and Strategy senior management to ensure alignment with organizational goals and regulatory compliance.
  • Assure effective communication and collaboration between team members and other functional areas and departments.
  • Consult with stakeholders to gather requirements and provide project updates.

Resource Management:

  • Determine and allocate resources efficiently to ensure project delivery.
  • Supervise the VTCRC Innovations team, guiding and supporting the work of team members.
  • Evaluate and integrate new technologies and methodologies to improve efficiency and effectiveness.

Risk Management:

  • Identify potential project risks and develop mitigation strategies.
  • Monitor project progress and make adjustments as necessary to ensure successful completion.
  • Ensure compliance with legal, regulatory, and company standards.

Reporting and Documentation:

  • Present regular project status reports to VTF senior management and stakeholders.
  • Supervise teams to create and maintain comprehensive project documentation, including plans, schedules, and budgets.
  • Conduct post-project evaluations to identify areas for improvement and document lessons learned.

Qualifications:

  • Bachelor’s degree in Business Administration, Project Management, or a related field; Master’s degree preferred.
  • Minimum of 10 years of management experience, focusing on supporting new business initiatives.
  • Proven experience working on complex projects with financial, operating, real estate, and legal teams. Strategic planning experience preferred.
  • Strong leadership and team management skills.
  • Excellent communication, negotiation, and interpersonal skills.
  • Ability to think strategically and manage multiple projects simultaneously.


Virginia Tech Foundation, Inc. is an equal-opportunity employer.