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University of South Florida

Sr. Venture Development Manager

University of South Florida, Tampa, Florida, us, 33646


Dept Number/Name:

0-7904-000 / Technology Transfer Office

College Division:

Research-Patents and Licensing

Salary Plan:

Administrative

Job Code/Title:

4352

Hiring Salary/Salary Range:

Commensurate with experience

Position Number:

00022114

ORGANIZATIONAL SUMMARY:The Technology Transfer Office/Patents & Licensing (TTO) of the University of South Florida (USF) is responsible for the identification, evaluation, development, protection and utilization of intellectual property rights that result from USF research activities and from the activities of USF researchers in affiliated hospitals and other off-site facilities.

POSITION SUMMARY:The Senior Venture Development Manager will play a pivotal role in driving the development and execution of new venture opportunities emerging from USF intellectual property. This position requires a strategic thinker with a strong background in venture development, investment analysis, and project management. The ideal candidate will have a proven track record of evaluating investment and new business opportunities, advising on go-to-market strategies, developing and arranging funding mechanisms to launch and scale new ventures, and building and maintaining relationships with key stakeholders in the Tampa Bay innovation ecosystem. Responsible for growing internal demand and building external interest in partnering with USF innovation as well as mentoring and guiding entrepreneurial faculty through the planning, forming, and funding phases of startup creation. By serving as a trusted and informed liaison between the various offices involved in startup formation, the Senior Venture Development Manager will swiftly and seamlessly guide faculty through the required steps.

RESPONSIBILITIES:

Opportunity Identification:

Identify and evaluate new business opportunities and potential investments. Conduct thorough market research to uncover emerging trends and opportunities.

Strategic Planning:

Develop and execute strategic plans for venture development and growth. Create detailed business plans and financial models to support new ventures.

Market Analysis:

Perform competitive analysis to understand market dynamics and positioning. Assess the viability and potential of new ventures through rigorous analysis.

Stakeholder Collaboration:

Collaborate with internal teams, including finance, marketing, and operations, to ensure alignment and support for new ventures. Build and maintain relationships with external partners, investors, and industry experts.

Project Management:

Manage the end-to-end process of venture development, from ideation to execution. Oversee project timelines, budgets, and resources to ensure successful delivery.

Performance Monitoring:

Monitor and report on the performance of ventures and investments. Implement metrics and KPIs to track progress and make data-driven decisions.

Mentorship and Leadership:

Provide mentorship and guidance to junior team members. Foster a culture of innovation, collaboration, and continuous improvement within the team.

Risk Management:

Identify potential risks and develop mitigation strategies. Ensure compliance with regulatory requirements and company policies.

Communication:

Prepare and present detailed reports and presentations to senior management and stakeholders. Communicate effectively across all levels of the organization to ensure transparency and alignment.

Responsible for connecting entrepreneurial faculty with the appropriate legal and accounting resources to assist with startup formation and operations. Educates and connects faculty to various funding opportunities including SBIR/STTR, state grants, internal funding, venture and angel capital, and industry-sponsored research.

Evaluates startup opportunities; confirms that they should be pursued as startups rather than traditional licenses; and works with the inventor to prepare summaries of the opportunity, up to and including the initial business plan. Aides in recruiting the startup CEO and assists in obtaining financing.

Performs other duties as assigned.

POSITION QUALIFICATIONS:

MINIMUM:Bachelor's degree in a STEM related field and five years of relevant work experience in contract negotiation, business development, technology analysis, commercialization, or research administration. In addition to a Bachelor's degree in a STEM related field, a Master's degree in a STEM field or Business may be substituted for two years of the required experience. A Ph.D. or J.D. may substitute for three years of the required experience. Work experience may not be substituted for the Bachelor's degree requirement for this position.

PREFERRED:Master's degree from a regionally accredited institution with seven years of industry experience. Proven ability to analyze startups including familiarity with early-stage financing and conducting market analysis, understanding of business models and drivers of success in startups across several verticals, and demonstrated ability to deploy technical expertise to evaluate startup technologies and their value in respective markets.

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