Stanford Medicine Catalyst is a joint strategic effort between Stanford's School of Medicine, Stanford Health Care, and Stanford Children's Health, and serves as Stanford Medicine's flagship innovation program to support inventors across the Stanford community in developing and accelerating their most promising innovations for transformative health.
Catalyst supports impactful, prototype-stage innovations across the spectrum of healthcare, with a focus on Digital Health, Medical Technology, Diagnostics, and Therapeutics. Catalyst fosters these innovations by offering up to $1M in capital, mentorship and access to industry experts. Chosen projects also receive program management, validation resources, testing and deployment within a regional health care system, go-to-market resources, readiness for independence and exposure to outside investors.
The Director of Discovery will oversee all aspects of Stanford Medicine Catalyst project discovery, from intake to evaluation, diligence, thought leader reviews, interviews, and market analysis to lead evaluations and recommendations to the Catalyst Advisory Board, and Stanford Leadership. We are seeking an experienced and seasoned individual with a history of working with early stage healthcare technology development programs. The Director of Discovery should have a history of successful analytic and strategic decision making, including the ability to evaluate complex technology programs, with undefined new target applications.
The Director should have experience and command of healthcare, research, and entrepreneurship. Ideal candidates will be able to understand healthcare systems to analyze and assess unmet clinical needs, and to assess solutions that satisfy divergent stakeholders. Ideal candidates will have a work history that demonstrates independence, leadership, and successful execution in undefined, or lesser-defined work environments.
The Director of Discovery reports to the Catalyst Executive Director and partners closely with the Director of Innovation Development.
At Stanford Medicine Catalyst we are inventing the future and improving patient lives every day. Few positions have a more direct impact on launching Stanford innovation, the ability to have global impact, and to interact directly with an incredible array of innovators across the Stanford community. We hope you will join us!
Core Responsibilities:
Lead Catalyst Discovery team, to include intake, due diligence, managing advisors, conducting visits and expert interviews, assessing market opportunities and sensitizing project plans and financial forecasts
Present and objectively evaluate Projects, with frequent recommendations and dispositions made to senior Catalyst and Stanford Medicine leadership. Lead deep dives, industry analysis and market mapping of relevant sectors.
Make recommendations directly to the Catalyst Executive Director and Associate Dean level leadership which will be reviewed by Dean and CEO levels.
Assemble internal and external expertise for subject matter expert diligence inputs.
Prepare internal briefing and evaluation documents
Perform strategic analysis on deeply complex topics across three entities of Stanford Medicine and make recommendations to Dean level leadership.
Hire and directly manage a team of analysts and external partners ensuring delivery of necessary resources to complete Discovery Team's project goals and milestones
Direct day-to-day work of business analysts, IP/Patent/Regulatory analysts and student interns.
Interface with dean level leadership inside SOM and CEO leadership in the hospitals, faculty, senior staff, and external industry, investors, and board members. In conjunction with the Executive Director, consistently assess needs and opportunities to establish an innovation pipeline between the School and two hospitals.
Act as a Catalyst representative in front of multiple internal and external stakeholders including: Stanford Medicine Senior Leadership, Clinicians and healthcare caregivers, external Corporate/Industry leaders and representatives, Science, venture capitalists, and private equity.
* - Other duties may also be assigned.
DESIRED QUALIFICATIONS:
A seasoned professional, with at least 7+ years of relevant experience in early to mid-stage healthcare technology investing, startups, or industry.
Strong analytic and strategy tool kit
An insatiable curiosity for a wide-variety of healthcare innovations.
Motivated by the unknown.
A passion for healthcare investing and knowledge of the VC ecosystem.
MBA and early-stage healthcare technology investment or operational experience, desirable.
MD or Clinical /Scientific Background preferred
Healthcare Venture Capital or healthcare growth capital investment experience, evaluating, leading and executing investments in VC or growth capital, desirable.
EDUCATION & EXPERIENCE (REQUIRED): Bachelor's degree and seven years of relevant experience in administrative and financial management, or combination of education and relevant experience.
KNOWLEDGE, SKILLS AND ABILITIES (REQUIRED):
Demonstrated leadership, supervisory, planning and change management skills.
Excellent oral and written communication skills. Able to influence people, solve problems, trouble shoot, think creatively and resolve conflicts.
Advanced financial expertise in budget planning, and financial forecasting.
Advanced analytical and problem solving skills Strong knowledge of industry standards and/or regulatory requirements.
Subject matter expertise for area(s) of responsibility.
PHYSICAL REQUIREMENTS*:
Constantly perform desk-based computer tasks.
Frequently sitting.
Occasionally stand/walk, reach/work above shoulders, use a telephone, writing by hand, lift/carry/push/pull objects that weigh up to 10 pounds;
Rarely twist/bend/stoop/squat, sort/file paperwork or parts, lift/carry/push/pull objects that weigh 11-20 pounds.
*- Consistent with its obligations under the law, the University will provide reasonable accommodation to any employee with a disability who requires accommodation to perform the essential functions of his or her job.
WORKING CONDITIONS:
Occasionally work evenings and weekends.
WORK STANDARDS:
Interpersonal Skills: Demonstrates the ability to work well with Stanford colleagues and clients and with external organizations.
Promote Culture of Safety: Demonstrates commitment to personal responsibility and value for safety; communicates safety concerns; uses and promotes safe behaviors bases on training and lessons learned.
Subject to and expected to comply with all applicable University policies and procedures, including but not limited to the personnel policies and other policies found in the University's Administrative Guide, http://adminguide.stanford.edu.
Why work at Stanford?Stanford University has changed the world, over and over again.We are one of Silicon Valley's largest employers - and also one of the most unique. Our mission is to educate future leaders and promote interdisciplinary, world-class research and teaching. This passion makes Stanford an intensely creative, rewarding, and challenging place to work. At the same time, our traditions of respect and collaboration sustain a humane, supportive environment in which to pursue your life and your career.At Stanford you'll work with bright, diverse, dedicated people. You'll find encouragement to learn and grow. You'll enjoy excellent benefits and an outstanding environment. How will it change you?
