University of Minnesota - Venture Center Director
Location : Twin Cities
The information below covers the role requirements, expected candidate experience, and accompanying qualifications.
Job Family : Business Development
Full / Part Time : Full-Time
Regular / Temporary : Regular
Job Code : 9366BD
Employee Class : Acad Prof and Admin
About the Job
The University of Minnesota's Venture Center, established in 2006, is an integral part of the Technology Commercialization office, focused on translating innovative research into viable startup companies.
With 265+ startups launched and a consistent run rate of 20 to 25 new startups annually, the Venture Center plays a critical role in fostering entrepreneurship and driving economic development for Minnesota and beyond.
The Venture Center Director will report to the Associate Vice President for Research and Innovation in the University's Technology Commercialization office.
This role has ultimate leadership and management responsibility for the Venture Center business unit.
Position Duties and Responsibilities
- Business Unit Operations Leadership (35%)
- Overseeing all daily operations of the Venture Center, which leads startup activities for new and existing ventures.
- Leadership and accountability for all startup-related activities including the Discovery Capital and Discovery Launchpad programs.
- Managing investor relations programs that benefit UMN startups.
- Forecasting, tracking, and reporting business unit activities and performance.
- Leading the recruitment, onboarding, management, and development of new team members.
- Strategic Planning (25%)
- Developing and implementing strategic plans that align with the overall goals of the Venture Center.
- Setting and measuring annual goals for the business unit.
- Identifying business initiatives and collaborative opportunities for the Venture Center's effectiveness.
- External Business Relationships (25%)
- Establishing and maintaining relationships with external stakeholders.
- Leading outreach initiatives to connect investors with UMN startups.
- Facilitating communication and collaboration between the Venture Center and external organizations.
- Cross Functional Relationships (15%)
- Ensuring productive collaboration between the Venture Center and other UMN departments.
- Advising senior leadership on the operational and financial impacts of strategic decisions.
- Participating in key committees and as an office representative at both internal and external forums.
The Research and Innovation Office (RIO) and Technology Commercialization endorses a "work with flexibility" approach that offers a welcoming and flexible work environment.
Work location options include working fully remote, partially remote, or entirely in the office.
Qualifications
Required Qualifications :
- BA / BS degree with at least 15 years of leadership experience in technology and / or product commercialization.
- Startup experience, including fundraising.
- Investment (angel or VC) experience.
- Strong understanding of complex license and investment agreements.
- Strategic planning experience.
- Strong organization skills with attention to detail.
- Excellent written and verbal communication skills.
- Excellent interpersonal skills.
Preferred Qualifications :
MBA or other related advanced degree.
Benefits
Working at the University of Minnesota includes a flexible work environment, competitive wages, paid holidays, generous time off, and a comprehensive benefits package.
The University recognizes and values the importance of diversity and inclusion in enriching the employment experience. The University is committed to attracting and retaining employees with varying identities and backgrounds.
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