Director, Venture Development

## Director, Venture Development Apply remote type:
Hybrid locations:
Hyde Park Campus time type:
Full time posted on:
Posted Todayjob requisition :
JR33900
** Department
* * SIP Polsky Technology Ventures - Administration
** About the Department
** The Polsky Center advances innovative ideas and technologies from the University of Chicago ecosystem to the world. Through education, resources, and programs, the Polsky Center commercializes discoveries, partners with companies, and attracts venture capital. Amongst other programming, the Polsky Center runs a top-ranked business accelerator, the Edward L. Kaplan, ’71, New Venture Challenge; operates a multi-disciplinary co-working space called the Polsky Exchange;

and manages the George Shultz Innovation Fund that invests in early-stage ventures. Finally, the Polsky Center houses the University of Chicago’s technology transfer unit, which manages all University-based intellectual property originating from faculty research and discoveries that can be licensed to industry partners and investors.
** Job Summary
** Reporting to the Assistant Vice President for Technology Ventures, the Director of Venture Development, AI will play a pivotal role in advancing the commercialization of University of Chicago AI and data science ventures and managing a robust network of relationships with investors. The Director will work closely with University faculty and researchers to evaluate AI and data science research innovations and assess startup potential, provide guidance on commercialization strategies, support preparation for investor engagement, and provide connections to relevant funding, talent, and advice.
The Director will act as a critical liaison to the venture capital ecosystem and other investors, cultivating relationships and connecting investors with relevant startups to secure funding and strategic partnerships. The Director will also work closely with partners across campus and colleagues across the Technology Ventures team at the Polsky Center, including in the life sciences and physical sciences venture development verticals, IP and technology development, business licensing and technology marketing, IP compliance, and accelerators and investments.

This role leads the identification, investigation, and negotiation of licensing opportunities for permission to use intellectual property rights, including trademarks, patents, or technology. Solves unique and complex problems related to the transfer and use of intellectual property. Provides specialized expertise to faculty to transform ideas and discoveries into patents, licenses, products, services, and ventures.
** Responsibilities
* ** Drives Venture Development team priorities, in close collaboration with partners including the Data Science Institute at the University of Chicago. Sets and executes strategies to support the creation and growth of University researchers’ AI and data science ventures, and builds and strengthens relationships with the venture capital and investor ecosystem.
* Works closely with University faculty and researchers to identify and assess commercial potential of new and existing research projects and invention disclosures, in partnership with IP and business development team leadership.
* Works closely with faculty to understand their venture needs, next steps, and provide ongoing proactive coaching.
* Undertakes technical and commercial due-diligence based on input from internal and external stakeholders with the objective of charting a business/commercialization strategy.
* Prepares faculty and their startups for investment diligence, and engages with investors, which may include reviewing and supporting the development of business plans and pitch decks, coaching researchers in presenting ideas to investors, and proactively identifying and facilitating investor meetings.
* Establishes or expands programs to identify and support entrepreneurial talent, mentorship, and early-stage management for AI and data science ventures.
* Builds and cultivates a robust network of venture capitalists, corporate investors, and industry leaders to support funding and strategic partnerships for faculty…