Stanford Medicine Catalyst is seeking a talented and motivated Discovery & Translation Associate to join our Operations & Discovery team. Our program was established to foster and propel the groundbreaking innovation that emerges from Stanford University. We carefully select inventions and ideas with the greatest potential to revolutionize global health and biomedicine.
Once selected for Catalyst, we provide comprehensive support to these projects, enabling them to evolve and prepare for commercialization through pilot projects, prototyping, deployment in active health systems, business planning, market analysis, and connections with the investment community. We leverage the full range of resources and capabilities at Stanford, including the University and our health systems, Stanford Health Care and Stanford Children's Health. The Catalyst program was formed as part of the Stanford Medicine Integrated Strategic Plan and supported by the Dean of the School of Medicine and the two CEOs of the health systems.
Joining Stanford Medicine Catalyst means being at the forefront of inventing the future and making a tangible impact on the lives of patients worldwide. As a Discovery & Translation Associate, you will play a critical role in the creation and development of innovation projects within Stanford. You will directly engage with an extraordinary range of individuals and provide expert level consultation throughout their time in the Catalyst program. Your work will focus on identifying and validating medical innovations within the Stanford Medicine clinical areas, and you will work directly with project teams to help them realize their full potential as a standalone business outside of Stanford.
The primary responsibility of the Discovery & Translation Associate will be to weigh in on the selection process for candidate projects, evaluating their potential for success. This role will be a partner for strategic decision-making involving the selection of inventions / ideas as Catalyst Projects. In addition to project selection, there will be opportunities to contribute to the continued development of selected projects. To excel in this role, you should possess a deep passion for healthcare, a strong understanding of the healthcare startup landscape, and the ability to effectively communicate with brilliant entrepreneurs.
If you are excited about driving transformative change in healthcare, collaborating with top-tier innovators, and making a global impact, we invite you to join us at Stanford Medicine Catalyst. Together, we will shape the future of healthcare innovation and improve the lives of countless patients.
This is a hybrid position and you will be onsite two to three days a week in Redwood City and/or Palo Alto.
Duties include*:
Execute on the Catalyst Evaluation process for projects seeking entry into the Catalyst program.
Conduct market analysis and competitive analysis as part of due diligence.
Review and evaluate business plans, IT systems, and data analysis.
Ensure alignment with Stanford University and perform SWOT analysis.
Aggregate relevant data for the Discovery team's due diligence process.
Provide valuable insights during discussions about potential Catalyst projects.
Provide recommendations to Catalyst leadership
Build executive reports and slide decks for the Executive Director and Discovery team.
Complete due diligence research and provide recommendations to achieve or modify program or function goals.
Gather and aggregate data to analyze cohort trends.
Represent Catalyst within the department, unit, school and outside the school with industry partners to develop and manage outreach strategy. Maintain strong relationships through persistent relational touch points, communication and compliance to build partnerships on current and future Catalyst project teams innovations.
Allocate resources, provide information, training, and support.
Represent the program or function to external/internal stakeholders and constituencies.
Collaborate with Stanford Medicine Communications team to ensure effective representation of Stanford Medicine Catalyst in external and internal communications.
Support current cohort projects.
Create competitive analysis and business plan formation.
Synthesize information from various sources and provide market reports on healthcare fields relevant to Stanford Medicine Catalyst project teams.
Prepare cohorts with pro forma projections, VC roadshow material, go-to market strategies and marketability of the innovation, prior to meeting potential VC connections to ensure they achieve success in such presentations.
* - Other duties may also be assigned.
DESIRED QUALIFICATIONS:
Bachelor's in Business, Science, or related field
Master's degree in related field
Strong technical / quantitative skills with demonstrated ability to executive complex analysis
Ability to communicate effectively with senior management / executives
Proficiency and / or experience with the following software: Google Suite, MS Office (Excel, Word, PowerPoint), Airtable, Smartsheets, Mural, Lucidchart, Tableau and Illustrator a plus
Experience working in Salesforce or similar Client Relationship Management / Marketing (CRM) software
Experience managing projects / programs with successful delivery to deadlines
Demonstrated experience in the development and implementation of digital health technologies
In-depth knowledge of current trends and advancements in digital health
Passion for improving healthcare delivery through innovative digital solutions
EDUCATION & EXPERIENCE (REQUIRED):
Bachelor's degree and eight years of relevant experience, or combination of education and relevant experience.
KNOWLEDGE, SKILLS AND ABILITIES (REQUIRED):
Demonstrated leadership skills and ability to influence and motivate constituencies which could span multiple organizational boundaries.
Demonstrated excellent planning, organizational and analytical skills.
Demonstrated ability to make sound business decisions using good business judgment and innovative and creative problem-solving.
Demonstrated ability to manage financial, organizational and staff resources.
Excellent interpersonal and communications skills with the ability to cultivate professional and business partnerships.
Rarely 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:
May work extended hours or 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 based 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.
The expected pay range for this position is $153,748 to $190,812 per annum.
Stanford University provides pay ranges representing its good faith estimate of what the university reasonably expects to pay for a position. The pay offered to a selected candidate will be determined based on factors such as (but not limited to) the scope and responsibilities of the position, the qualifications of the selected candidate, departmental budget availability, internal equity, geographic location and external market pay for comparable jobs.
At Stanford University, base pay represents only one aspect of the comprehensive rewards package. The Cardinal at Work website (https://cardinalatwork.stanford.edu/benefits-rewards) provides detailed information on Stanford's extensive range of benefits and rewards offered to employees. Specifics about the rewards package for this position may be discussed during the hiring process.
Consistent with its obligations under the law, the University will provide reasonable accommodations to applicants and employees with disabilities. Applicants requiring a reasonable accommodation for any part of the application or hiring process should contact Stanford University Human Resources by submitting a contact form.
Stanford is an equal employment opportunity and affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other characteristic protected by law.
The job duties listed are typical examples of work performed by positions in this job classification and are not designed to contain or be interpreted as a comprehensive inventory of all duties, tasks, and responsibilities. Specific duties and responsibilities may vary depending on department or program needs without changing the general nature and scope of the job or level of responsibility. Employees may also perform other duties as assigned.
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?
