REPORTS TO: Managing Directors, Inova Personalized Health Accelerator (IPHA) This is an exempt position under the Fair Labor Standards Act which determines whether an employee is paid overtime.
OVERVIEW
The Accelerator Director serves as a principal member of the IPHA evaluation, selection and mentoring team responsible for the identification and development of new personalized health companies with the potential to produce disruptive technology solutions and achieve a high rate of growth.
The Accelerator Director is responsible for sourcing and conducting due diligence on IPHA applicants, evaluating and supporting new company formation strategies, mentoring entrepreneurs in personalized health product development, facilitating IPHA member network relationship development, maintaining board-level relationships and mentoring entrepreneurs in securing equity based capital for growth.
Additionally, the Director will support the growth and management of the IPHA mentor network whose participants provide guidance to portfolio companies. The Director will also work with members of the Inova Strategic Investment team to support the diligence process prior to subsequent investment transactions.
Management Responsibilities: The Director has no responsibility for managing IPHA staff. Special project management responsibilities may be assigned on an as-required basis. G
ENERAL RESPONSIBILITIES
The IPHA Director is a key member of the Accelerator team and is responsible for the identification of applicants, selection of applicants and delivery of support services provided to cohort companies during and after their accelerator program participation. The Director will be actively engaged with companies supporting their development process during the IPHA program and will be actively involved in recruiting and selecting companies throughout the year.
SPECIFIC RESPONSIBILITIES
- On a national scale, develop and maintain relationships with early stage investors, universities, federal labs, health systems and companies for the purpose of advocating for IPHA and establishing a pipeline of viable candidates for the IPHA program.
- Lead the development of the IPHA accelerator curriculum for the program, including sourcing support organizations and mentor participants.
- Participate in the screening and in-depth due diligence of potential IPHA cohort companies.
- Provide session support for cohort companies including one-on-one consulting, relationship development with network members, business plan and product analysis, review and recommendations for company development and preparation for client and investor presentations.
- Serve as primary liaison for IPHA for assigned portfolio companies to the Inova clinical and research community.
- Provide on-going support to IPHA portfolio companies including board-level participation and enforcement of IPHA investment and program contractual provisions.
- Participate in strategic development and execution of IPHA. Assist in the establishment of the accelerator, definition of programs, establishment of selection criteria, and the continual refinement of the program.
- Support the educational and community involvement objectives of IPHA by actively engaging in IPHA related programs.
- Support the identification, pursuit and closure of financial contributions to help underwrite the operating budget of IPHA
ORGANIZATION RESPONSIBILITIES
- Comply with Inova and IPHA security, confidentiality and privacy policy for individuals, companies and intellectual property.
- Provide regular and timely reporting on progress against IPHA performance objectives and the progress of IPHA portfolio companies.
- Support all IPHA and Inova reporting requirements as assigned.
BACKGROUND AND QUALIFICATIONS Technical degree in natural sciences and an M.B.A. is preferred, along with 10+ years of professional experience in life sciences spanning two or more of the following: venture capital, investment banking, management consulting, business development, technology company management and/or start-up operations. Strong entrepreneurial track record with successful company establishment is mandatory. Strong communications, writing, presentation, interpersonal, customer service skills and information technology skills are required. Ability to work independently while being a strong team player is essential.
Inova is an equal opportunity employer that does not discriminate in hiring, promotion, or other employment decisions on the basis of race, sex, religion, nationality, age, or non-job related disability.
At any time, a qualified applicant or employee may request provision of reasonable accommodation. Applicants will not be excluded from a job if his or her disability impairs his or her ability to perform non-essential aspects of the job.
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