Associate - Business Development - Technology Development

About the role

The Associate - Business Development - Technology Development position supports Mayo Clinic's mission by advancing and completing workflows and processes, and developing or contributing to assessments, reports, analyses, business plans, market research and other material related to assigned projects. The role is primarily focused on biopharmaceutical and diagnostic technology development.

Responsibilities

• Source, evaluate, analyze and develop new business opportunities for Mayo Clinic, including partnerships, joint ventures, new company spin-offs, investments, mergers and acquisitions.
• Work with areas throughout Mayo Clinic and the marketplace to identify new business opportunities, connecting these activities with existing Mayo Clinic operational units, in alignment with the Mayo Clinic strategic plan, prioritized market opportunities, and competitive activity.
• Contribute to the development of a network of industry, entrepreneurial and investor contacts to serve as a resource for business development and/or commercialization activities.
• Evaluate the commercial potential of a variety of medical inventions and discoveries coming from Mayo's clinical and research activities, developing and implementing technology sales and marketing plans, managing the patent process, identifying potential commercial partners, negotiating license agreements and other commercialization arrangements, managing relationships with industry, and advising Mayo physicians and scientists regarding protection of intellectual property and technology-based business matters.
• Evaluate invention disclosures coming from Mayo's research and clinical activities and assist in processing these disclosures and any resulting patent applications, identifying patentable innovations, conducting prior art and landscape analyses, and supporting IP strategy.
• Facilitate invention disclosure and intellectual property development, including identifying patentable innovations, conducting prior art and landscape analyses, and supporting IP strategy.
• Develop materials to communicate and promote technologies, including summaries, presentations, and other supporting documentation for internal and external audiences.
• Monitor industry trends and emerging technologies and contribute to ongoing improvement of development processes while ensuring compliance with regulatory, ethical, and confidentiality standards.

Qualifications

• 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, resourcefulness, and ability to work independently on assigned projects.

Additional Skills & Qualifications

• 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, monitoring product/operating unit performance, technical sales, evaluation of medical technologies, negotiations, contract drafting, evaluation of scientific and commercialization potential of cutting-edge technologies, and knowledge of science, clinical or bench research, business principles, laws and regulations that relate to the patenting and licensing of inventions.
• Experience working with an organization or in a role directly related to one or more of the relevant Work Teams.
• Chartered Financial Analyst certification (complete or in progress).

Exemption Status

Exempt

Compensation Detail

$88,300 - $123,700 / year

Benefits Eligible

Yes

Schedule

Full Time

Hours/Pay Period

80

Schedule Details

Monday through Friday, Business Hours. This vacancy is not eligible for sponsorship/ we will not sponsor or transfer visas for this position. Also, Mayo Clinic DOES NOT participate in the F-1 STEM OPT extension program.

International Assignment

No

Site Description

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender identity, sexual orientation, national origin, protected veteran status or disability status. Learn more about "EOE is the Law."