Position Details

Position Information

Recruitment/Posting Title	Director, New Ventures, Life Sciences
Job Category	Staff & Executive - Executive
Department	Innovation Ventures
Overview	Rutgers, The State University of New Jersey, is a leading national research university and the State of New Jersey’s preeminent, comprehensive public institution of higher education. As one of the largest employers in the State of New Jersey, Rutgers University is committed not only to the students and the State that we serve, but also to the faculty and staff who work on our campuses. For two consecutive years, Rutgers is ranked on Forbes’ list of America’s Best Large Employers. Rutgers holds #64 of 500 employers and is the #1 New Jersey employer on the publication’s 2023 list. Rutgers’ commitment to its employees includes maintaining and fostering a safe, diverse, and respectful workplace environment, creating employment opportunities for our nation’s military veterans, and ensuring accessibility and accommodation for individuals with disabilities.
Posting Summary	Rutgers, The State University of New Jersey, is seeking a Director, New Ventures, Life Sciences for Innovation Ventures. This position will be responsible for building, attracting matching funds from donors, establishing an outside review board and overseeing relationships with the Rutgers University Foundation as well as the maintenance of the TechAdvance Fund. Among the key duties of this position are the following: Creates a mentoring program comprised of experienced executives, entrepreneurs, service providers and others who could provide Rutgers start-ups with advice and support. Manages and leads all activities of the Office of New Ventures and Commercialization Funding (NVCF) including creation, funding and support of start-ups, licensing negotiations, pursuing business development opportunities, resolving compliance issues. Works closely with the New Ventures Executive Director and licensing managers in pursuing start-up commercialization opportunities and negotiating licensing deals. Serves as Rutgers point person for all internal and external contacts and activities related to new ventures and technology commercialization business development. Supports all emerging Life Science start-ups, bolster existing Life Science Start Ups, assist with pitch decks, business plans, and support the review of any COI issues. Leads negotiations related to deals with Rutgers start-ups including licenses, license options, equity and corporate agreements. Maintains relationships with outside technology funding sources, e.g., QED, P1V, FVCG, VCs angels, etc.
Position Status	Full Time
Hours Per Week
Daily Work Shift	Day
Work Arrangement
FLSA	Exempt
Grade	10
Position Salary
Annual Minimum Salary	134157.000
Annual Mid Range Salary	169806.500
Annual Maximum Salary	205456.000
Standard Hours	37.50
Union Description	Admin Assembly (MPSC)
Payroll Designation	PeopleSoft
Benefits	Rutgers offers a comprehensive benefit program to eligible employees. For details, please go to http://uhr.rutgers.edu/benefits/benefits-overview . Rutgers also offers a benefit program to eligible full-time postdoctoral fellow students. For details, please go to https://finance.rutgers.edu/healthcare-risk/insurance/postdoctoral-health-insurance.
Seniority Unit
Terms of Appointment	Staff - 12 month
Position Pension Eligibility	ABP

Qualifications

Minimum Education and Experience	Life Science degree (B.Sc., M.Sc., PhD).  A minimum of 10 years’ experience in all aspects of technology commercialization activities. A minimum of 10 years of negotiating complex technology transfer agreements. A minimum of 5 years of experience in creating and developing start-ups; extensive interaction and established relationships with entrepreneurs, investors, and corporate lawyers.
Certifications/Licenses
Required Knowledge, Skills, and Abilities	A track record of successful collaboration with university researchers in research commercialization. Deal-making experience in the life sciences. A deal sheet directly related to technology commercialization.
Preferred Qualifications	Academic credentials include M.B.A. or J.D.
Equipment Utilized
Physical Demands and Work Environment	Desk work and meetings, modest activity.
Special Conditions

Posting Details

Posting Number	23ST2599
Posting Open Date	09/25/2023
Special Instructions to Applicants
Regional Campus	Rutgers University-New Brunswick
Home Location Campus	Off Campus
City	Piscataway
State	NJ
Location Details

Pre-employment Screenings

All offers of employment are contingent upon successful completion of all pre-employment screenings.

Immunization Requirements

Under Policy 60.1.35 Immunization Policy for Rutgers Employees and Prospective Employees , Rutgers University requires all prospective employees to provide proof that they are vaccinated against COVID-19 prior to commencement of employment, unless the University has granted the individual a medical or religious exemption. Rutgers University may require certain prospective employees to receive an updated (bivalent) vaccine dose. Under Policy 100.3.1 Immunization Policy for Covered Individuals , if employment will commence during Flu Season, Rutgers University may require certain prospective employees to provide proof that they are vaccinated against Seasonal Influenza for the current Flu Season, unless the University has granted the individual a medical or religious exemption. Additional infection control and safety policies may apply. Prospective employees should speak with their hiring manager to determine which policies apply to the role or position for which they are applying. Failure to provide proof of vaccination for any required vaccines or obtain a medical or religious exemption from the University will result in rescission of a candidate’s offer of employment or disciplinary action up to and including termination.

Affirmative Action/Equal Employment Opportunity Statement

It is university policy to provide equal employment opportunity to all its employees and applicants for employment regardless of their race, creed, color, national origin, age, ancestry, nationality, marital or domestic partnership or civil union status, sex, pregnancy, gender identity or expression, disability status, liability for military service, protected veteran status, affectional or sexual orientation, atypical cellular or blood trait, genetic information (including the refusal to submit to genetic testing), or any other category protected by law. As an institution, we value diversity of background and opinion, and prohibit discrimination or harassment on the basis of any legally protected class in the areas of hiring, recruitment, promotion, transfer, demotion, training, compensation, pay, fringe benefits, layoff, termination or any other terms and conditions of employment. For additional information please see the Non-Discrimination Statement at the following web address: http://uhr.rutgers.edu/non-discrimination-statement