Part-time Venture Center Investment Program Manager

Apply for Job Job ID362637 LocationTwin Cities Job FamilyBusiness Development Full/Part TimePart-Time Regular/TemporaryRegular Job Code9763BG Employee ClassAcad Prof and Admin Add to Favorite Jobs Email this Job About the Job The University of Minnesota Technology Commercialization Venture Center is seeking an individual to serve as the Investment Program Manager in the Venture Center. This role will lead the development and implementation of various programs related to equity investment programs for University of Minnesota research startups. This includes the primary responsibility of managing the Discovery Capital Seed Fund Investment Program. The University of Minnesota's (UMN) Venture Center was formed in 2006 and has launched nearly 250 startups and has a run rate of 20 to 25 per year. The Venture Center is part of the Technology Commercialization office and engages in commercialization opportunities that involve the formation, launch and on-going support of a new company that translates UMN research technologies into the market. The Venture Center Investment Program Manager is a 70% part-time position (28.00 hours per week) and will lead the development and implementation of various programs that are related to helping UMN startups get connected to investment capital. Included in this are the following programs: Discovery Capital: Seed stage investment program launched in 2015. Discovery Angel Program: a new program focused on organizing investors who want to invest in startups affiliated with the UMN. Investor Relations: Manage contacts and connections with investors interested in UMN deal flow. This role will report to the Associate Director of the Venture Center and will work closely with the Venture Center Venture Development Manager and Venture Development Associate. In addition, the position will coordinate the necessary information and communication with the Office of Investment and Banking (IAB) team. The IAB team has the ultimate responsibility for Discovery Capital investment decisions. We offer a competitive annual salary range of $100,000 to $115,000, commensurate with experience and qualifications. Position Duties and Responsibilities The Venture Center Investment Program Manager role will have these key responsibilities: Discovery Capital Program Management (40% of time) Establishing and managing the deal flow for Investment opportunities Managing and updating the Discovery Capital Program process Guiding startups through the process and preparing them for investment meetings Assembling and presenting selected investment thesis to the Steering Committee and Investment Advisory Board Identifying and conducting the due diligence on potential investment opportunities Processing various feedback information and sharing with the stakeholders Reviewing investment documents and working with the Office of General Counsel on review and approval Gaining final approval for investments including creating and processing the necessary paperwork Managing post-investment activities including investment tracking and equity management Reporting on progress and results on a regular basis Organizing and managing the Investment Advisory Board groups and meetings Developing and managing a network of VC investment advisors and other investment advising resources Discovery Angel Program (DA) Program Management (40% of time) Work with the Tech Comm leadership on the development of this new program. Be a key member of the DA Team and represent Tech Comm leadership in ensuring program compliance to strategy and goals. Actively participate in DA events. Coordinate DA program member recruitment and activities with UMN Foundation and the Alumni Association. Manage any coordination between Discovery Capital and the Discovery Angel Program. Connect UMN research-based startups to the program as appropriate. Lead program review discussions and implement any changes needed. Manage Investor Relations (10% of time) Develop and lead outreach p ograms to increase connection of investors to UMN startups. Set up and manage an investor database that can be used to alert investors of relevant deal flow coming out of the UMN. Connect UMN startups to various investors and investment events. Utilize investor contacts for due diligence as necessary and appropriate. Support for other Tech Comm / Venture Center Activities; (10% of time) Assist OIB in UMN equity management, reporting and disposition upon liquidation. Contribute to the overall goals of the Tech Comm office. Participate in team meetings and be a team player. The Research and Innovation Office (RIO) and Technology Commercialization endorses a "work with flexibility" approach that offers a welcoming and flexible work environment where everyone is inspired to do their best. Work location options include working fully remote, partially remote, or entirely in the office and are based on the work of the position. Some on-site work may be necessary for certain positions, even those designated as fully remote. This position has been designated as flexible work profile three. Profile three employees are expected to work remotely more than 50% of the time. Your dedicated office space will be in your remote work location. UMN Tech Comm management retains the right to modify flexible work arrangement agreements on a temporary or permanent basis for any reason at any time. Qualifications Required Qualifications BA/BS degree plus at least 10 years of experience Bachelor of Science or Engineering degree or significant technical experience and aptitude. Strong background in program / project management. Experience in investing in start-ups and an understanding of investment terms. Operational experience in at least one start-up company with early-stage investors. Connections with angel investors, institutional investors, and sector experts. Strong written, presentation, and relationship building skills. Good level of understanding of board of director roles. Preferred Qualifications Prior success as a partner or manager in a venture capital or angel investment fund. Experience in fundraising as part of a startup Experience in a start-up that had a successful exit. Experience as a board of director member. Experience working with university technology commercialization. Graduate degree in business or technical science. About the Department The Technology Commercialization (Tech Comm) office at the University of Minnesota helps University research move beyond the lab and into the marketplace. Our mission includes: Protection of University Intellectual Property Connecting researchers with companies; Licensing technology for development of new products and services that benefit public good; Fostering economic growth; Generating revenue that supports the University's research and education goals. Visit our website to learn more! How To Apply Applications must be submitted online. To be considered for this position, please click the Apply button and follow the instructions. You will be given the opportunity to complete an online application for the position and attach a cover... For full info follow application link. The University recognizes and values the importance of diversity and inclusion in enriching the employment experience of its employees and in supporting the academic mission. The University is committed to attracting and retaining employees with varying identities and backgrounds. The University of Minnesota provides equal access to and opportunity in its programs, facilities, and employment without regard to race, color, creed, religion, national origin, gender, age, marital status, disability, public assistance status, veteran status, sexual orientation, gender identity, or gender expression. To learn more about diversity at the U: http://diversity.umn.edu.