Business Development Specialist, Physical Sciences

Job Posting Title:

Business Development Specialist, Physical Sciences

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Hiring Department:

Discovery to Impact

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Position Open To:

All Applicants

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Weekly Scheduled Hours:

40

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FLSA Status:

Exempt

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Earliest Start Date:

Mar 18, 2024

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Position Duration:

Expected to Continue

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Location:

PICKLE RESEARCH CAMPUS

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Job Details:

General Notes

Discovery to Impact https://discoveries.utexas.edu/ is charged with bringing products and services to the market based on UT Austin’s research enterprise to benefit the world. Discovery to Impact manages the university’s intellectual property, corporate sponsored research, and support for UT-affiliated startups.

UT Austin offers a competitive benefits package that includes:

• 100% employer-paid basic medical coverage.   

• Retirement contributions: Teacher Retirement System of Texas (TRS)

• Paid vacation and sick time.

• Paid holidays.

• Please visit our Human Resources (HR) website to learn more about the total benefits offered.

• Flexible work arrangements and telework options may be available.

Applicants must follow all application instructions including submitting all Required Materials to be considered for this position.

Must be authorized to work in the United States on a full-time basis for any employer without sponsorship.

Purpose

Cultivating new relationships and fostering existing relationships with industry to identify partnering opportunities for intellectual property available for licensing, and to expand UT Austin’s corporate sponsored research portfolio.

Responsibilities

• Cultivating new relationships and fostering existing relationships with industry to identify partnering opportunities for intellectual property available for licensing, and to expand UT Austin’s corporate sponsored research portfolio.

• Engaging inventors as key contributors for identifying leads and keeping inventors aware of commercialization efforts.

• Providing guidance to personnel responsible for generating marketing materials for intellectual property that is available for partnering and UT Austin’s research domains of interest to industry partners.

• Collaborating  with counterparts in Intellectual  Property to holistically  evaluate  the  appropriate commercialization pathway for intellectual  property – via licensing or corporate sponsored research.

• Soliciting insight from corporate partners to provide the specific industry perspective to help justify potential patent filings.

• Collaborating with counterparts in: Licensing and Collaborative Research on term sheet development to ensure perspective of the targeted licensee company and identified market forces are appropriately considered; Business Development to provide perspective of potential licensee,  raise awareness of relevant market forces, and suggest opportunities for most effective and valuable deal terms all the while maintaining a united front to the potential licensee; Licensing to encourage input from the industry perspective and take into consideration in negotiating agreement terms, all the while maintaining a united front to the potential licensee; Some term sheet negotiations will be led by the Licensing Specialist, others by the Business Development Specialist, as mutually determined based on the external relationship and workload. In either case, real-time collaboration between Business Development and Licensing/Collaborative Research will be maintained.

• Coordinating contact across the organization with the Austin Technology Incubator and Texas Innovation Center to build and maintain organizational credibility.

• Supporting the Director of Business Development with strategic initiatives like the “Front Door” website for UT Austin industry engagement and programmatic approaches to connecting UT Austin researchers to potential industry sponsors.

Required Qualifications

• Bachelor’s Degree in physical sciences (e.g., material science, chemistry, mechanical engineering, physi