The Texas BioAlliance, an affiliate of BioHouston, has a contract with the Cancer Prevention and Research Institute of Texas (CPRIT) to administer several programs in support of building a vibrant life sciences industry in Texas. CPRIT has been funded by a $3B bond approved by the voters of Texas and which disburses $300M per year for 10 years for prevention, research and commercialization programs. Of particular interest is the CPRIT Entrepreneur-in-Residence (EIR) program whose goal is to partner with venture capital firms in order to hire outstanding EIRs to build oncology companies in Texas. Technology in the therapeutics, device, diagnostics or imaging space can be sought from anywhere in the world. CPRIT offers $200,000 for up to 2 years and this is matched by the VC at $100,000 per year, both for up to 2 years while the company is being formed.
The EIR will seek technology/products that will be the focus of the new company once funded. While it is expected that suitable technology will be found in Texas the EIR also has the ability to identify suitable technology from sites outside of Texas. The EIR will be responsible for conducting all necessary due diligence and then secure licenses for the chosen technology. The EIR will then work with the VC in order to secure funding for the new company formed around the chosen technology. The EIR will be expected to relocate to Texas, where the company will be headquartered, once the new company has been funded.
Exposure to both the technical and business aspects of the industry are required. While previous start-up experience at the CEO/COO level would be highly desirable, there is also the possibility that a candidate with previous executive operating experience in the R&D functions (e.g. Chief Medical Officer, Head of R&D, Head of Preclinical Development) could fill this role. Experience with a liquidity event/monetization of a private equity backed company would be a distinct advantage.
The candidate must have at least ten years of experience in biotech, pharmaceuticals, devices or diagnostics, and an advanced degree in science, medicine, engineering, business or a related field.
How to ApplyContact: Paul Cossum PhD President Texas BioAlliance Paul.firstname.lastname@example.org Ph 858-352-8684
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