Associate-Business Development - Commercialization

About the role

The primary responsibility of this Associate position is to directly support the mission of Mayo Clinic Business Development throughout licensing of Mayo Intellectual Property. The Associate will perform as an individual contributor, responsible for advancing and completing workflows and processes, and for developing or contributing to assessments, reports, analyses, business plans, market research and other material related to licensing various technologies.

Responsibilities

• Support the mission of Mayo Clinic Business Development throughout licensing of Mayo Intellectual Property.
• Perform as an individual contributor, responsible for advancing and completing workflows and processes.
• Develop or contribute to assessments, reports, analyses, business plans, market research and other material related to licensing various technologies.
• Work on multiple projects simultaneously and organize and manage work accordingly.
• Collaborate with Business Development and Legal colleagues, innovators at Mayo, and commercial entities to evaluate the value of a Mayo technology and negotiate the terms and conditions in the license.

Requirements

• Bachelor’s degree required, or an advanced degree preferred (e.g., PhD, MD, JD), in business, science, or related relevant field, plus one year specific experience related to the role and area of work: business development, finance/venture capital, technology transfer, venture management, i/p commercialization, licensing, patents, partnerships, business-to-business collaborations, investments, start-up companies and/or sourcing partnering opportunities in the health care, medical/biotechnology or financial/venture capital industries.
• One year experience directly related to technology licensing for roles within the Commercialization Work Unit.
• In lieu of a degree, a minimum of years of applicable experience equal to the number of years normally required to earn the degree will be recognized as satisfying the degree requirement, i.e. four years experience equivalency for a Bachelor’s degree, two years experience equivalency for a Master’s degree, two years experience equivalency for an advanced degree.
• Ability to perform successfully in a business development/technology commercialization role, and to navigate required complex inter- and intra-organizational issues and relationships.
• Excellent verbal and written communication skills with the ability to interact with a variety of different people with diverse backgrounds.
• Strong project management skills and time management skills and the ability to manage several initiatives simultaneously.
• Entrepreneurial/intrapreneurial qualities.
• Strong analytical skills, be resourceful, and be able to work independently on assigned projects.

Qualifications

• Experience working with an organization or in a role directly related to one or more of the relevant Work Teams may be given special consideration.
• Experience with an academic medical center or equivalent setting.
• Mergers and acquisition experience.
• Financial modeling and analytical valuation experience.
• Chartered Financial Analyst certification, (complete or in progress).
• Experience with a national consulting firm in related functional areas or industries.

Skills

• Business plan creation.
• Due diligence.
• Market research.
• Marketing plan development.
• Concept analysis.
• Business model development.
• Financial pro-forma development and analysis.
• Legal/regulatory issues assessment.
• Evaluation of medical technologies.
• Negotiations.
• Contract drafting.
• Evaluation of scientific and commercialization potential of cutting-edge technologies.
• Knowledge of science, clinical or bench research, business principles, laws and regulations that relate to the patenting and licensing of inventions.

Pay

$86,600 - $121,300 / year

Schedule

Full Time