Partner, Medical Devices, Cleveland Clinic Ventures

Cleveland Clinic Cleveland , OH 44114

Posted 2 months ago

Job Details Responsible for participating in a successful, investment return-focused program that actively manages the creation of medical device startup companies based on Cleveland Clinic inventions and technologies, as well as sourcing, due diligence, and leading investments into external startups where a strategic return can also be derived.

JOB RESPONSIBILITIES:

  • Evaluates business opportunities related to Cleveland Clinic developed technologies by analyzing product development status, customer needs, market factors and resource requirements.

  • Assists and mentors Cleveland Clinic inventors in critical business formation decisions which will include sharing project planning and management skills in order to nurture internal teams involved with the development of potential new companies.

  • Helps Cleveland Clinic startups raise funds to accelerate technology commercialization. The funds should be milestone-driven which lead to an investment from a high performing Venture Capital firm or Strategic Partner. The ideal candidate will be highly engaged with the startup team around setting goals and milestones, correcting operational issues, and assessing strategic alternatives.

  • Assists in creating the initial business model, engaging the founders and/or management team, and securing initial funding to accelerate the business formation process which will include connecting startup projects to relevant resources, both internal and external to Cleveland Clinic.

  • Coordinates activities with all others in the Cleveland Clinic Business Development teams and participates in the ongoing development of Cleveland Clinic Ventures by fostering on-going external relationships with entrepreneurial and venture communities.

  • Identifies and reports forward-looking Key Performance Indicators of portfolio companies for stakeholders related to the Cleveland Clinic startup entities.

  • Works with the Medical Devices Advisory Council to determine feasibility, success factors, and potential commercial pathways for potential spin-out companies.

  • Manages a portfolio of existing Device companies as a board member or observer to achieve the highest possible financial return.

  • Prepares analytical reports on portfolio companies for internal/external stakeholders. This will involve financial modeling using Excel, preparing PowerPoint presentations, and incorporating data from various information vendors, databases, and scientific literature.

  • Enforces Cleveland Clinic policies and procedures for Cleveland Clinic startup companies, and reviewing Cleveland Clinic startup corporate agreements for accuracy.

EDUCATION:

  • A Master's degree in the biological, physical, engineering sciences, or business.

COMPLEXITY OF WORK:

  • A proven track record in forming new enterprises to address an emerging market opportunity, raising early stage capital for portfolio companies, building teams in a startup environment, and successfully exiting through sale of company or assets.

  • Experience in negotiating term sheets, cap tables, employment agreements, and shareholder agreements.

  • The candidate should have significant business formation and industry experience in markets related to medical devices as an early-stage venture investor.

  • Excellent interpersonal, oral, and written communication skills. The ideal candidate is a critical thinker who is able to problem solve and manage diverse issues. S/he must be comfortable in speaking with senior healthcare executives and key clinical opinion leaders.

  • Considerable understanding of the policies, procedures and culture associated with working within a research organization.

  • Excellent project management and product management skills and experience including understanding of medical device technology development stages including ideation, to pre-clinical, to FIH, and IDE. Prior understanding of regulatory pathways and reimbursement systems is a must.

  • Established network of entrepreneurial and venture contacts.

WORK EXPERIENCE:

  • A minimum of 10 years' experience in a combination of early stage venture capital investing and business formation experience with new product development in the medical device market.

  • A minimum of 3 years of demonstrated management experience.

  • Relevant work experience in an operating role within a medtech startup is highly looked upon.

  • Experience in negotiating term sheets and other structured deals with Venture Capital firms and an understanding of the technology transfer licensing process to startup companies is a plus.

  • Impeccable integrity, work ethic, and commitment. Self-starter attitude. Organized and detail-oriented personality with the ability to multi-task in an entrepreneurial environment.

  • Must be a team player and work well with others in a collaborative, innovative culture.

PHYSICAL REQUIREMENTS:

  • Manual dexterity sufficient to operate office equipment.

  • May require extended periods of sitting, standing and walking.

  • Must be able to walk to attend meetings; must have normal or corrected vision to normal range.

  • Ability to clearly communicate by phone and in person.

PERSONAL PROTECTIVE EQUIPMENT:

  • Follows Standard Precautions using personal protective equipment as required for procedures.

Key Words: Innovation, Medical Device, venture capital, capital ventures, ventures, portfolio, product development, start ups, investing, inventions

#LI-PO

icon no score

See how you match
to the job

Find your dream job anywhere
with the LiveCareer app.
Mobile App Icon
Download the
LiveCareer app and find
your dream job anywhere
App Store Icon Google Play Icon
lc_ad

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Room Attendant (PartTime) Holiday Inn Cleveland Clinic

Intercontinental Hotels Group

Posted 2 days ago

VIEW JOBS 3/1/2021 12:00:00 AM 2021-05-30T00:00 Do you see yourself as a Room Attendant? What's your passion? Whether you're into tennis, shopping or karaoke, at IHG we're interested in YOU. At IHG we employ people who apply the same amount of care and passion to their jobs as they do their hobbies - people who put our guests at the heart of everything they do. And we're looking for more people like this to join our friendly and professional team. The Holiday Inn Cleveland Clinic is located on the prestigious Cleveland Clinic campus. Travelers appreciate our finer touches that make comfort and convenience a top priority. It is less than one mile from the University Circle cultural and arts district. Legacy village shopping and entertainment, the Rock & Roll hall of Fame and Museum, Progressive Field and the Historic Warehouse District are all within easy reach. In this role you will clean and service assigned rooms or areas according to established standards and procedures including making beds, dusting, vacuuming, cleaning and sanitizing bathrooms, removing trash etc. which may include cleaning of kitchen areas, room refrigerator, coffee maker, cups, glasses, silverware etc. The Room Attendant will notify the supervisor when service is complete so rooms may be sold or occupied while you monitor and control supplies and amenities, and minimize waste within all areas of housekeeping. Report, turn in, and/or log all lost and found items according to established procedures. Requirements include basic reading, writing and math skills and some housekeeping experience is preferred. You may be required to work nights, weekends, and/or holidays. This job requires ability to perform the following: carrying or lifting items weighing up to 50 pounds and pushing and/or pulling approximately 200 pounds, frequently standing up and moving about the facility, frequently handling objects and equipment to maintain the facility, frequently bending, stooping and kneeling. If you're ready to make the move to a great, new career opportunity, click Apply Online now! IHG is an equal opportunity employer: Minorities / Females / Disabled / Veterans. IND Intercontinental Hotels Group Cleveland OH

Partner, Medical Devices, Cleveland Clinic Ventures

Cleveland Clinic