Senior Commercialization and Technology Management Associate
- Employer
- Baylor College of Medicine
- Location
- Texas, United States
- Salary
- Salary Not Specified
- Date posted
- Jun 21, 2022
View more
- Position Type
- Faculty Positions, Business & Management, Business Administration, Management, Administrative, Business & Administrative Affairs, Other Business & Administrative Affairs, Legal Affairs
- Employment Type
- Full Time
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Summary
The Senior Commercialization and Technology Management Associate will play a leadership role in catalyzing the development and commercialization of Intellectual Property (IP) assets in the medical device and healthcare IT sector for Baylor College of Medicine Ventures (BCMV). Will work closely with faculty innovators to identify, innovate, evaluate and validate potential new technologies that address unmet medical needs and can be commercialized to generate value. Will have a deep understanding of a technology’s developmental pathway and supporting IP strategy and will provide strategic oversight of the commercialization process. They will directly supervise Commercialization and Technology Management Associates on their team to support their professional growth and success. Will also cultivate strong relationships with faculty innovators to encourage their active participation and partnership in the commercialization process, while also providing the technical knowledge and business acumen to guide faculty through the process. Will have an eye toward producing the optimal commercial outcome and will take the lead on managing negotiations with commercial partners.
This is a hybrid position based in Houston, Texas with the ability to work both on/off-site and with the possibility to work remotely.
Job Duties
Relationship Management:
• Independently provides excellent, consistent service to faculty and commercial partners. Explains the complex aspects of the commercialization process to faculty and the rationale behind the decision-making processes.
Disclosure Assessment & Management:
• Independently manages the evaluation of inventions arising from Baylor’s research and clinical activities. Formulates and develops recommendations for the next steps in the commercialization process.
• Meets timelines and expectations for communicating the results of the disclosure assessment process to the submitting faculty member, and engages the faculty member with an opportunity to express feedback.
Patent Management:
• Engages with BCM’s Office of General Counsel and with external patent counsel to coordinate and direct the preparation, filing, and prosecution of patent applications.
• Informs and engages the faculty inventor about all aspects of the patent filing and prosecution process, including the rationale for decision-making, patenting costs, the preparation of the application, responses to office action(s), determination of correct inventorship, and any decisions to discontinue prosecution, etc.
Agreement Management:
• Independently manages the processes associated with term sheet preparation, negotiation of terms, license agreement drafting, review and execution of license agreements (and other agreements with commercial partners), consulting other team members and utilizing analysis of comparable transactions as necessary to support the process and produce a successful outcome.
Post Agreement Compliance and Financial Management:
• Monitors licensee’s obligations to meet diligence and reporting milestones.
• Coordinates with the BCMV finance team to communicate the financial structure of license agreements and/or other commercialization agreements for which BCMV may receive revenue. Once license revenue has been received, reviews pending distributions of license revenue for accuracy.
• Coordinates with the BCMV Compliance Manager to supply information to support compliance with third party funders of research, including the federal government (NIH and VA), state government (CPRIT), and non-profit foundations.
Intellectual Property Contractual Terms:
• Assists and supports BCM’s Office of Research team with the negotiation of intellectual property provisions in contracts agreements.
Minimum Qualifications
- Bachelor's degree.
- Four years of relevant experience.
- Bachelor's of science degree in a technical or business field and at least five years of academic technology transfer experience or similar experience (internship experience in a technology transfer office) in licensing or business development gained in industry.
- Ph.D. in Life Sciences or other advanced degree in a biological science discipline (Masters) and/or other advanced degree (MBA) or combination thereof strongly preferred.
- Experience and an independent track record of performance, with a focus on the following criteria: Ability to independently manage relationships (internal and external); ability to independently assess invention disclosures and produce commercialization recommendations; ability to independently market technologies to industry partners; and the ability to negotiate and close license agreements (and other agreements) with commercial partners.
Baylor College of Medicine is an Equal Opportunity/Affirmative Action/Equal Access Employer.
12035
CA; CH; SN
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