VIC Fellows Position DescriptionVICfellowsLogo

 

Please note: To be considered for this opportunity, candidates must be located in or near a current or planned VIC regional office (Albuquerque, NM; Atlanta, GA; Baltimore, MD; Boston, MA; Boulder, CO; Chicago, IL; Dallas, TX; Fayetteville, AR; Houston TX; Phoenix, AZ; or Seattle, WA) where they will work closely with the Managing Director and/or other VIC team members. Now accepting applications for the 2021 class. 

 

VIC Technology Venture Development’s (www.victech.com) investment model sources promising life science innovation directly from universities across the nation, allocating funding to form startup companies and advance these technologies to exit through acquisition. In addition to the initial capital, VIC provides its portfolio companies with both business and scientific resources, including interim management, accounting, marketing and research support, creating a complete venture development ecosystem.

The VIC Fellows Program was created in late 2019 as a mechanism for individuals with specific expertise to learn about and be involved in the process of identifying and evaluating promising life science innovation from universities, institutes and national labs around the world. VIC Fellows also will become familiar with the myriad steps involved in forming and supporting new companies created to develop and commercialize these assets. This is an outstanding opportunity for those contemplating a transition into the investment sector (venture capital, private equity, investment banking, etc.), strategic partnering, technology transfer or more entrepreneurial endeavors.

Candidates may be at various phases in their careers, including graduate students (PhD, MD, MBA), postdoctoral fellows, or early-career professionals. Ideally, they can provide either technical or business acumen in the broadly-defined life science space, aligning with specific types of technologies (e.g. therapeutics, medical devices, diagnostics, instrumentation, tools, etc.) and/or with defined therapeutic areas (e.g. cardiovascular, CNS, immune and inflammatory, infectious disease, oncology, orthopedics, respiratory, etc.).

 

Examples of responsibilities Fellows may learn and assume include:

  • Interface with the technology transfer offices at their respective university or in their region to present the VIC model and investment approach, and source candidate technologies fitting our thesis
  • Assist with screening of these opportunities by collecting and synthesizing relevant materials such as intellectual property, scientific publications, external market reports, subject matter input, inventor presentations, etc.
  • Provide detailed input on the strengths and weaknesses of the investment candidate to the Opportunity Assessment Team
  • Participate in the creation of the investment candidate summary for presentation to the VIC Board of Directors
  • Report to the interim CEO and serve as a resource for newly-formed companies by creating various materials, such as operating plans, investor presentations, marketing collateral and grant applications

 

Those accepted as VIC Fellows will be expected to spend roughly 10 hours per week for a one-year period. In return, they will receive a modest stipend as well as the potential for equity in portfolio companies established as the result of their efforts. Beyond on-the-job training, a series of subject matter-focused seminars will be offered on topics ranging from due diligence, intellectual property evaluation, competitive landscape assessment, product development planning, and market modeling.

 

Requirements for consideration are:

  • PhD, MD or MBA in progress or recently completed
  • Interest in nurturing life science innovation
  • Record of achievement (such as publications or presentations) advancing technologies in academic and/or commercial settings
  • Genuine desire to learn
  • Ability to make recommendations and decisions both independently and in a team environment
  • Ability to achieve objectives and create deliverables with minimal supervision in a cooperative environment
  • Proactive communicator and networker with strong interpersonal skills
  • Excellent writing skills

Along with a detailed resume or CV, interested candidates should submit a cover letter summarizing how their skills align with the VIC model, as well as how participating in the Fellows Program will impact their career path.

Now accepting applications for the 2021 class.

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