What are the responsibilities and job description for the Director, Innovation and Venture Creation position at PureTech Health?
The Director of Innovation & Venture Creation at PureTech Health (www.puretechhealth.com) is an entrepreneurial role that will spearhead starting subsidiary companies (“Founded Entities”) from scratch, building them and spinning them out. The role entails leading searches for and performing the subsequent diligence on opportunities that could be the basis of a new company. The Director will also have an opportunity to gain hands on experience building and operating companies and will play a key role in subsequent third-party financing efforts as part of the spinout process. The Director will work directly with senior executives who have a track record of creating and operating companies and will build a skill set commensurate with a C-level startup executive. There is a clear path for advancement for the role at PureTech. Alternatively, alumni who have held the position have gone on to be C-level executives at biotech companies, including at PureTech’s Founded Entities and partners at venture capital firms. This is a unique opportunity for an entrepreneurial-minded individual to learn how to create and grow cutting edge companies from a blank sheet of paper.
The position will be a core member of the PureTech Innovation team and will interact with key internal and external stakeholders (e.g., C-level executives, Board members, etc.). This includes:
- Leading ideation and searching for next generation therapeutic approaches consistent with PureTech’ s innovation approach
- Identifying and evaluating external innovation opportunities, including interpreting scientific publications, synthesizing data and identifying key questions for diligence
- Surveying and analyzing scientific landscapes and emerging technologies around specific therapeutic areas
- Leading due diligence in collaboration with PureTech team members on a cross-functional basis
- Establishing relationships and interacting with key opinion leaders and leading academic scientists as part of the pipeline building process
- Having a hands-on role and helping to lead multiple facets of company building
- Playing a key role in obtaining outside capital
- Preparing compelling communication materials, including presentations, for key internal and external stakeholders
QUALIFICATIONS:
- A PhD in a life science related discipline or MD is required from a top tier institution.
- Experience in management consulting at a manager level with a focus on life science companies
- Extremely driven and passionate about life sciences entrepreneurship
- Has scientific creativity and the ability to deploy out of the box thinking
- Embraces ambiguity and can systematically discern patterns in large fact sets
- A self-starter who embraces undertaking new tasks for the first time
- Has the ability to learn a new therapeutic and scientific area quickly
- Is a natural leader but is also willing to be a team player
- Strong written and verbal communication skills
