The Business Development Manager leads, develops and implements strategies to enhance commercialization of intellectual property created by Western faculty, postdoctoral fellows, students and staff and provides support in matters related to industrial interactions and intellectual property management under the area of Life Sciences. The incumbent will establish relationships in order to solicit new innovations for WORLDiscoveries, seek out commercialization opportunities and maintain relationships with industry, partners and other stakeholders in order to reinforce and advance the reputation of Western and WORLDiscoveries locally, nationally and internationally.
The Business Development Manager will research and evaluate innovation disclosures, develop and manage patent processes, determine commercial potential for innovations, make decisions on technology investments, and develop and execute related marketing plans. The incumbent will negotiate terms and conditions of licenses, research and development agreements, and material transfer and confidentiality agreements. The Business Development Manager will identify opportunities for prototype development funding, assist with spin-off company creation, including business plan preparation, market research, developing research and development plans with inventors, and strategic planning.