Vice Chancellor of Innovation & Entrepreneurship
The University of Pittsburgh seeks a charismatic, energetic, and judicious executive with significant experience in business development, licensing, commercialization, and tech transfer to lead the University of Pittsburgh Innovation Institute and serve as the Vice Chancellor of Innovation & Entrepreneurship. The Innovation Institute provides a comprehensive suite of services for Pitt Innovators, from protecting intellectual property to the commercialization of new discoveries and creations through licensing and/or new enterprise development. The Institute also provides a wealth of educational programming, mentoring and networking for Pitt faculty, students and partners. The Innovation Institute is strengthening the culture of innovation and entrepreneurship at Pitt and is eager to facilitate and support entrepreneurial initiatives across the university. It invites alumni, entrepreneurs, and industry partners to collaborate with Pitt faculty and students to help achieve societal impact through commercialization. Through the affiliated Institute for Entrepreneurial Excellence, the Innovation Institute also assists entrepreneurs throughout Western Pennsylvania in starting, growing or transitioning their businesses.
Founded in 1787, the University of Pittsburgh (Pitt) is one of the oldest institutions of higher education in the United States. The University consistently ranks among the top winners of Federally sponsored funds and spends nearly $760 million Pitt spends on research each year. With 17 schools, thriving multidisciplinary centers, and close ties to the University of Pittsburgh Medical Center, a $17 billion world-renowned healthcare provider and insurer, Pitt research reaches across disciplines. Pitt researchers also collaborate with colleagues from 80-plus other universities—including nearby Carnegie Mellon University—and corporate partners. Pitt is an international leader in many multidisciplinary research areas such as: Aging, Bioengineering, Computer Modeling, Drug Discovery, Energy, Global Health, Humanities, International Studies, Nanoscience, National Preparedness, Neuroscience, Philosophy, Translational Medicine, Biochemistry, and Organ Transplantation. The city of Pittsburgh has reinvented its economy to focus on technology, especially high technology and biomedical technology, in addition to health care and education. Major corporations located in Pittsburgh include Google, Uber, Microsoft, Oculus, Argo AI, Phillips, Bayer, Fisher Scientific, GlaxoSmithKline, H.J. Heinz Company, U.S. Steel, Alcoa, and PNC Financial Services. The University of Pittsburgh Medical Center (UPMC) is a close partner of Pitt’s. The largest non-governmental employer in Pennsylvania, with 80,000 employees, UPMC is a recognized innovator in information technology and was an early adopter of electronic health records and the interoperability solutions that tie them together. Its clinical and technological capabilities have attracted such technology partners as Microsoft and GE Healthcare. UPMC has launched several international initiatives and has a commercialization arm, UPMC Enterprises, that is turning innovative ideas into growing, thriving companies that benefit the health care industry and patients alike.
Reporting to Senior Vice Chancellor for Research, Dr. Rob Rutenbar, and supervising a staff of 46, the Vice Chancellor of Innovation & Entrepreneurship will be expected to encourage, sustain, and advance institutional efforts that will identify and promote the commercial and societal potential of faculty and student research, discovery, and creation. The Vice Chancellor will be expected to continue to foster and to catalyze industry and institutional relationships; to further advance the knowledge and technology developed at the University of Pittsburgh; to attract venture capital, foundations, and other early stage investment in the intellectual property spun out of the University; and, in partnership with the Office of Corporate Relationships, to pursue expanded relationships with the private sector. The Vice Chancellor of Innovation & Entrepreneurship should have a minimum of fifteen years of experience in technology advancement and transfer, with substantial knowledge in out-licensing. A minimum of five years in a management position is required. An undergraduate degree, preferably in a scientific discipline, is required, and preference will be given to candidates with a Ph.D., M.B.A., or J.D. This individual will have demonstrated success bridging the academic and commercial cultures, exceptional negotiation skills, outstanding written and verbal communication, and strong leadership and judgment. Ideal candidates will have an established network in the innovation economy and experience in advising others how best to realize value from their inventions. Other desirable qualifications include: working knowledge of intellectual property law, experience in the negotiation of complex technology licensing and related agreements, and an understanding of collaborative research agreements; proven experience and success in the negotiation and conclusion of successful inter-institutional licensing and related agreements; a demonstrated ability to communicate effectively with academic scientists and technologists as well as with executives in commercial organizations; knowledge of current developments and trends in the biomedical science and engineering fields; heightened intelligence, technical acumen, and strong business sense; a demonstrated leadership style that recognizes achievement through teamwork and a high level of collaboration by a professional staff serving diverse constituencies; and, an open and honest professional demeanor exhibiting unquestioned ethics and integrity.
To express interest in or learn more about the opportunity, please contact in confidence: Jonathan Fortescue, Managing Partner or Kyle Meingast, Principal Park Square Executive Search [email protected] 617-401-2991