Job Description
Job Description
Pioneer Connect (hybrid / remote)
Job Description
Activation Capital launched Pioneer Connect, a program designed to unite entrepreneurs, innovators, and a pipeline of commercializable technologies to increase the portfolio of durable startup life science companies in the Richmond region. This initiative seeks to (i) accelerate startup formation and (ii) create opportunities for startups to form in Richmond, whereas they otherwise might not. Pioneer Connect is designed to achieve two outcomes :
- Optimize the commercialization of regional intellectual property (IP)
- Increase the portfolio of regional life science startups to enhance the realization of key metrics, such as job creation and capital attracted.
Pioneer Connect includes a support package for startup leaders willing to locate or start companies in the Richmond area.
This incentive is implemented as an individual / employment contract service to Activation Capital – in essence, we will engage life science leaders to start a company in the region and provide deliverables and status reports as requirements to submit invoices. This is not a grant or investment.
The contract can be terminated if the leader fails to perform.
The following represent scenarios for which we think Pioneer Connect will be implemented :
An experienced local entrepreneur is contemplating a startup life science company, and Pioneer Connect provides resources that lower barriers to company formationAn experienced remote entrepreneur is incentivized by Pioneer Connect to start a company in RichmondAn academic researcher interested in starting a company needs an experienced entrepreneur or operational expert,t and Pioneer Connect facilitates this relationshipAn experienced entrepreneur wants to license university IP, and Pioneer Connect enables this to occur in RichmondResponsibilities
The Pioneer is to serve as a key operations lead on a new startup and / or technology.
Under this agreement, the Contractor will be responsible for the following :
A reasonable dedication of time and energy to understanding the key technology and its developmentA willingness to listen to and follow guidance from Activation Capital and its associated professionalsProviding weekly communications on progress, including monthly reportsA commitment to pursue grants and investment funding to sustain and advance the technologyParticipating in Activation Capital sponsored acceleration programmingDuring the Pioneer Connect six-month support period, the Pioneer will aim to attain the following milestones :
Negotiate a licensing agreement for technology of interest from a federal or university labRegister the company in Virginia, with operations based in RichmondDevelop a commercialization plan and go-to-market strategyIdentify non-dilutive funding opportunities and submit at least one applicationEstablish connections with potential investors to secure institutional investment for future funding roundsAdditionally, the Pioneer will assume the following responsibilities :
Define and document milestones during the support periodProvide monthly reports on technical and administrative progressPursue grants and investment funding to sustain and advance the technologyProvide leadership as it pertains to the development of technology, staff, and companyMaintain presence in the Richmond region for the duration of the support periodWork diligently to retain the company in the region long termRequired Qualifications
Ten years of experience with business operations related to a scientific enterpriseProfit and Loss management in a corporate environment or management consultingSuccess with dilutive / non-dilutive capital attractionStartup or small company experiencePreferred Qualifications
Advanced degree in science, business, or legalSuccessful exit of a startup / small businessNetwork of investor contacts