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Vice President of Innovation Initiatives

2 months ago

Irvine, California, United States University Lab Partners Full time

Director of Acceleration

University Lab Partners is in search of a seasoned, innovative leader to spearhead the implementation of a new accelerator initiative. The primary goal of the ULP Accelerator is to empower and expedite the growth of scalable enterprises within the life sciences and medical technology domains. This program will offer customized advisory services, specialized entrepreneurial training focused on life sciences, access to scientific infrastructure for technology commercialization, and enhanced opportunities for early-stage capital acquisition, leading to accelerated growth and improved outcomes for participant companies.

Reporting directly to the Executive Director, the Director of Acceleration is a pivotal leadership position responsible for overseeing venture development activities. In this capacity, you will play a crucial role in fostering the establishment and growth of life science startups that emerge from university innovations and the regional entrepreneurial ecosystem. You will also manage innovation and entrepreneurship programs, initiatives, and activities. Your expertise will assist innovators in defining the pathways for implementation, adoption, and commercialization of early-stage innovations, while providing entrepreneurs with the essential connections, tools, resources, and expertise necessary to cultivate a startup capable of driving transformative change and societal impact. You will serve as a subject matter expert in new venture development, innovation, entrepreneurship, and technology commercialization, working closely with regional stakeholders to tackle complex issues with organization-wide implications. A strong work ethic, exceptional interpersonal skills, and a commitment to relationship building are essential.

To excel in this role, you should possess:

  • A Bachelor’s degree in Science, Business, or a related field, or equivalent experience/training.
  • Recognized expertise with extensive experience in new venture development, innovation, and entrepreneurship within the life sciences sector, including pharmaceuticals, biotechnology, and/or medical devices/diagnostics.
  • Advanced understanding of new venture funding, including institutional and non-dilutive capital sources, as well as startup fundraising strategies.
  • Strong familiarity with technology commercialization processes.
  • Excellent interpersonal skills across various mediums and with diverse groups.
  • Strong written and verbal communication abilities.
  • Proven capability to develop, maintain, and leverage a broad network of professional contacts and relationships.
  • Highly developed organizational, program, and project management skills, with the ability to measure performance and implement continuous improvement.
  • Demonstrated problem-solving, critical thinking, and analytical capabilities.
  • Proven ability to manage sensitive and confidential matters requiring independent judgment and discretion.
  • Proficiency in business software suites and customer relationship management, marketing, and outreach software applications.
  • Demonstrated ability to collaborate with multiple partners and stakeholders, effectively coordinating collaborative efforts.

We expect you to embody:

  • A highly collaborative, open, and honest approach, with a commitment to making things happen and a service-driven mindset.
  • A self-starter mentality with a strong work ethic and a positive attitude, thriving in a dynamic environment.
  • A desire to contribute to a team-oriented atmosphere, finding satisfaction in assisting others.

Your responsibilities as the Director of Acceleration will encompass:

  • Developing and overseeing programs focused on new venture development, innovation, and entrepreneurship that have organization-wide and broader impacts, emphasizing new venture creation and startup support, entrepreneurial training, market intelligence, customer discovery, mentor engagement, innovation recognition, and funding.
  • Seeking and securing government, non-profit, and private funding to sustain and enhance programmatic activities, serving as the liaison between critical innovation partners and universities to foster productive relationships.
  • Building and managing relationships with individuals, organizations, and resources within the broader innovation ecosystem, including angel and venture investors, incubators, accelerators, government agencies, industry associations, service providers, innovative companies, research institutions, venture studios, and experienced entrepreneurs and mentors. Developing and managing partnerships to advance new venture development opportunities and stimulate startup formation and growth.
  • Providing guidance to university-affiliated entrepreneurs and other founders on new venture development, facilitating engagement in campus programming, and connecting them within partner networks and the innovation ecosystem.
  • Coordinating and collaborating with a network of campus and community program partners, such as technology transfer offices, to ensure effective program delivery and leverage collective resources.
  • Leading and supervising while providing operational and resource oversight, establishing policies, practices, and procedures, and monitoring trends to promote the adoption of best practices for new venture development activities.
  • Tracking data and metrics to monitor startup performance and reporting on unit activities, outputs, and outcomes. Leading marketing and communications efforts, strategizing innovative outreach, creating informational materials, and delivering presentations to various audiences. Representing the program at conferences and public events, and serving on boards and committees.

About Us:

ULP is dedicated to fostering economic development and job creation in Orange County by integrating a state-of-the-art life science co-working environment with workforce development and training opportunities. Since its inception, ULP has managed advanced wet lab facilities and facilitated peer-to-peer interactions among a life science-focused entrepreneurial community that is developing groundbreaking medical innovations aimed at saving and enhancing human lives.

ULP is committed to cultivating a culture of innovation by providing resources and building the necessary networks to facilitate the journey from idea to research and intellectual property development to commercially viable enterprises and domestically manufactured products. ULP nurtures entrepreneurs in Orange County, creating an environment that supports innovation and generates new jobs and businesses. By leveraging existing relationships with industry professionals, universities, philanthropic entities, government officials, and regional stakeholders, ULP also forges new connections to link economic development and technology commercialization resources. ULP serves as a hub for life science innovators and supporters by hosting educational and thought-leadership events that provide resources and connections to help startups thrive.

Impact at a glance:

  • 57 Resident Companies served
  • 752 new jobs created by the ULP Community
  • 84 candidates successfully placed into paid internships
  • $282M raised in aggregate by ULP Residents
  • $60M of revenue generated
  • 6 Resident Companies graduated
  • 21 Female/Minority-Led Companies

As our resident companies generate high-paying, sustainable wage jobs in Orange County, ULP catalyzes the development of the next generation of a diverse STEM workforce to support this regional job growth. Through the investment of our supporters and community partners, ULP has inspired over 1,400 students with opportunities in STEM innovation. Our mission is to cultivate the next generation of life science talent through education and workforce development programming, with a focus on engaging high school and college student populations historically underrepresented in STEM careers.

Best-in-Class Benefits and Perks:

We value our employees' time and contributions. Our commitment to your success is reflected in a competitive compensation package and an extensive benefits program, including:

  • Comprehensive health coverage: Medical, dental, and vision insurance provided
  • Robust retirement planning: 401(k) plan available with employer matching
  • Financial security: Life and disability insurance for added protection
  • Flexible financial options: Health savings and flexible spending accounts offered
  • Well-being and work-life balance: Paid time off

We look forward to your application and the opportunity to grow together.

We are an equal opportunity employer that welcomes and encourages diversity in the workplace. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law. We will consider for employment qualified applicants with criminal histories.