Manager, New Ventures
About The Position
The System Offices is one of several system members within the Texas A&M University System representing one of the largest systems of higher education in the nation, with a network of 12 universities, a comprehensive health science center, nine state agencies, and the RELLIS Campus. The Texas A&M University System mission is to provide education, conduct research, commercialize technology, offer training, and deliver services for the people of Texas and beyond. The System Offices, within the Texas A&M University System, provides an outstanding benefits package including, but not limited to: competitive health benefits; paid vacation, sick leave, and holidays; a defined benefit retirement plan to include an employer contribution through Teachers Retirement System of Texas (TRS); if applicable, a defined contribution retirement plan to include an employer contribution through an approved ORP venter: additional voluntary tax deferred annuity (TDA) options; tuition assistance; and wellness programs to promote work/life balance. Salary: Commensurate with experience. Job Description Summary: The New Ventures Manager, under direction, identifies and manages business development opportunities of commercial potential for intellectual properties (IP) owned or developed by The Texas A&M University System (A&M System), including serving as a primary interface between key internal and external stakeholders to advance commercialization and new venture creation.
Requirements
- Bachelor's degree or equivalent combination of education and experience.
- Five years of related experience.
- Knowledge of word processing and spreadsheet applications.
- Occasional travel outside of normal office hours.
- Ability to multi-task and work cooperatively with others.
- This is a security-sensitive position and is restricted to U.S. citizens and legal permanent residents only.
- Only complete applications will be considered for employment at The Texas A&M System Offices.
- Incomplete job application data could result in your application being rejected without an option to reapply.
- A cover letter and resume may be required in addition to a completed employment application.
- All positions are security-sensitive.
- Applicants are subject to a criminal history investigation, and employment is contingent upon the institution's verification of credentials and/or other information required by the institution's procedures, including the completion of the criminal history check.
Nice To Haves
- Bachelor's or advanced degree in either a scientific discipline (engineering, physical or life sciences) or business.
- Direct experience in performing market research, preparing business plans, and related activities supporting the commercialization of early-stage technology.
- Experience working in university commercialization or directly with/in an early-stage, technology-based startup.
Responsibilities
- Assist with the identification of new technologies for suitability of commercialization through a startup company, in collaboration with Texas A&M Innovation licensing staff as well as through direct outreach to Texas A&M System faculty and research staff.
- Conduct and manage internal processes for due diligence on promising technologies in order to validate potential for new venture creation, including analysis of problem/solution fit, market opportunity, competitive landscape and related information.
- Manage the preparation of formal business plans, due diligence memorandums, and related documentation required to establish new startup companies that can lead commercialization of System-owned IP for validated business opportunities.
- Assist with the preparation of equity-related documents related to Texas A&M equity ownership in licensees and other Texas A&M-affiliated companies (including stock agreements, warrant agreements, convertible notes, SAFEs, investor term sheets, and liquidation agreements).
- Work with the broader Innovation and New Ventures teams to manage detailed tracking of the new ventures pipeline - from pre-formation through to scale-up for companies developing Texas A&M IP - to: 1) enable required reporting obligations; and 2) routinely provide New Ventures, Innovation, and System leadership with information needed to pursue strategic collaborations and related opportunities.
- Assist with portfolio management by serving as a primary liaison to assigned companies, promoting their growth and success by providing guidance and supporting activities such as: development of business plans, pitch decks, financial models, and commercialization grant applications, and as appropriate, identifying and assisting with connections to investors, industry and other funding partners.
- Assist in the preparation of reports for Texas A&M leadership, regional and state economic development stakeholders summarizing Texas A&M's efforts supporting entrepreneurship and new venture activities.
- Participate in various university, regional and national groups promoting economic and community development, new venture creation and industry engagement.
- Other duties as assigned.
Benefits
- competitive health benefits
- paid vacation, sick leave, and holidays
- a defined benefit retirement plan to include an employer contribution through Teachers Retirement System of Texas (TRS)
- a defined contribution retirement plan to include an employer contribution through an approved ORP venter
- additional voluntary tax deferred annuity (TDA) options
- tuition assistance
- wellness programs to promote work/life balance
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What This Job Offers
Job Type
Full-time
Career Level
Manager
Industry
Educational Services
Number of Employees
1,001-5,000 employees
