Executive Director, New Venture Development

Vanderbilt University•Nashville, TN

About The Position

The Executive Director of New Venture Development is a key leadership role in the Center for Technology Transfer and Commercialization (CTTC) at Vanderbilt University, responsible for leading the CTTC New Venture Development team in their efforts to advance entrepreneurship and new venture creation and support programs across campus. This position reports directly to the Assistant Vice Chancellor and works closely with the CTTC unit directors of Licensing, Industry Collaborations, and Operations and their staff, as well as key university partners and external stakeholders to build and enhance the entrepreneurship ecosystem on campus and in the community. The Executive Director of New Venture Development supervises the activities of a diverse team with responsibilities for: evaluating and readying startup opportunities for commercializing Vanderbilt technologies; engaging with aspiring faculty and staff entrepreneurs to facilitate the formation and launch of new ventures at Vanderbilt; and assisting with the capitalization and growth of recently launched Vanderbilt-affiliated new ventures, including those that are not principally based on patentable technologies (such as data science, AI and software products). This position is responsible for driving continuous development and improvement of programs contributing to the commercial success of portfolio ventures, as measured in part by capital investments in Vanderbilt startups, recruitment of management, products on the market, ROI to Vanderbilt, and capital exits. This position is further responsible for developing strategies that support entrepreneurship on campus educationally, operationally, and financially, and for coordinating with other administrative offices and schools to ensure the Vanderbilt innovation and entrepreneurship ecosystem remains robust and provides comprehensive support for new venture creation on campus.

Requirements

A Bachelor’s degree from an accredited institution of higher education in a relevant scientific, legal or business field is necessary.
At least twelve years of relevant experience in an academic setting, with eight years of successful performance leading new venture-related activities in an academic or industrial setting is necessary.
Significant experience working with university or non-profit research institutions is necessary.
Ability to work effectively and productively as a member of a senior management team is necessary.
Experience in working with the venture community to raise capital for startups is necessary.
Excellent writing and verbal communication, project management, conceptual, and analytical skills are necessary.
Specific experience and skill in project management is necessary.
Ability to promote a positive culture of support and compliance with internal and external regulatory requirements is necessary.
Ability to prioritize and multi-task in a collaborative, fast-paced environment is necessary.
Demonstrated experience with entrepreneurship and new venture creation and growth is necessary.
Demonstrated experience with investment, stock and other corporate documents is necessary.

Nice To Haves

A graduate degree from an accredited institution of higher education is preferred.
Demonstrated experience with intellectual property and its role in commercialization of new ideas and innovations is preferred.
Specific experience and leadership skill in a university technology transfer office is preferred.

Responsibilities

Develop a vision and goals for the New Venture Development team in collaboration with leadership and other stakeholders
Coordinate with other Vanderbilt administrative offices and schools/departments to ensure the Vanderbilt innovation and entrepreneurship ecosystem is optimally supported
Develop policies and procedures to facilitate entrepreneurship across campus; standardize services, processes, resources, and practices to improve efficiency
Manage the recruitment, retention, training and supervision of New Ventures team
Ensure effective operations of the department through assessment of market and industry trends, internal SWOT analyses, program development, process improvement, and coordination/integration of processes with other departments
Inform executive management regarding program performance and recommendations improvement
Design and implement initiatives to support growth for New Venture Development and CTTC as a whole
Analyze and evaluate ongoing department programs to identify areas where adjustments/improvements are needed
Participate in professional associations and development activities to remain informed regarding new developments in the field and disseminate information to department staff
Assist Vanderbilt-affiliated startups in attracting dilutive and non-dilutive capital investments (including capital investments and SBIR grants)
Expand and activate Vanderbilt’s venture investment network
Assist with negotiating investor term sheets, stock purchase agreements, and other venture-related investment documents
Evaluate opportunities to commercialize a wide variety of Vanderbilt innovations through new venture formation, including those in the fields of engineering systems, mobility, AI, biotechnology, education, data science, healthcare, and other disciplines
Recruit executives, board members and advisors for Vanderbilt startups
Serve as observer or board member of VU- and VUMC-affiliated new ventures
Assist with drafting operating agreements, articles of incorporation, and other venture-related corporate documents
Develop, maintain, and strengthen partnerships with others inside and outside of the organization who can provide information, assistance, and support to advance CTTC’s and Vanderbilt’s mission
Contribute deeply to efforts for enhancing the regional entrepreneurial ecosystem, and for securing funding for such purposes (including federal funding opportunities)
Give presentations to various internal and external audiences regarding entrepreneurship support services; institutional, regional and state resources for startups; New Venture team operations, and related topics
Engage in outreach and education regarding CTTC programs, plans, and outcomes
Track and report entrepreneurship-related metrics to institutional leadership and state agencies
Assist with budget planning, allocation of resources, and management of expenditures
Manage non-liquid equity stakes in Vanderbilt-affiliated startups
Contribute to identification and management of individual and institutional conflicts of interest related to new venture creation