The VIC Fellows Program was established in 2019 as a mechanism for individuals with specific expertise to be directly involved in the process of identifying and evaluating promising life science innovation from universities, institutes and national labs around the world. VIC Fellows become familiar with the myriad steps involved in forming and supporting new companies created to develop and commercialize these assets. This is a unique opportunity for those contemplating a transition into entrepreneurial endeavors, strategic partnering, technology transfer or the investment sector (venture capital, private equity, investment banking, etc.).
Candidates may be at various phases in their careers, but must have completed a PhD and/or MD. Other medical degrees such as DO, DDS, DVM, will also be considered. Ideally, they can provide technical and/or commercial acumen in the broadly defined life science space, aligning with specific types of technologies (therapeutics, vaccines, medical devices, diagnostics, instrumentation, consumables, etc.) and/or with defined therapeutic areas (cardiovascular, immune and inflammatory, infectious disease, neuro, oncology, orthopedics, respiratory, etc.).
Examples of responsibilities Fellows may learn and assume include:
- Interface with the technology transfer offices at their respective university or in their region to present the VIC model and investment approach, and source candidate technologies fitting the VIC investment thesis
- Assist with screening these opportunities by collecting and synthesizing relevant materials such as intellectual property, scientific publications, market data, subject matter expert feedback, inventor presentations, etc.
- Provide detailed input on the strengths and weaknesses of the investment candidate to the VIC Opportunity Assessment team
- Identify and apply for non-dilutive funding from Federal, State, University, Foundations and other sources, and—when appropriate—serve as the Principal Investigator
- Participate in the creation of the investment candidate summary for presentation to the VIC Board of Directors
- Serve as a resource for newly formed companies by creating various materials, such as operating plans, investor presentations, marketing collateral and grant applications
Those accepted as VIC Fellows will be expected to dedicate 10 hours per week for a one-year period. In return, they will receive a modest stipend as well as the potential for equity in portfolio companies established as the result of their efforts. Beyond on-the-job training, a series of subject matter-focused seminars will be offered on topics ranging from due diligence, intellectual property evaluation, competitive landscape assessment, product development planning and market modeling.
Requirements for consideration are:
- Candidates may be at various phases in their careers, but competitive candidates have likely completed a PhD and/or MD. Other medical degrees such as DO, DDS, DVM, will also be considered.
- Interest in nurturing life science innovation
- Genuine desire to learn
- Record of achievement (such as publications or presentations) advancing technologies in academic and/or commercial settings
- Experience applying for and obtaining grant funding from federal, regional and/or state sources
- Ability to make recommendations and decisions both independently and in a team environment
- Capacity to achieve objectives and create deliverables with minimal supervision in a collaborative environment
- Proactive communicator and networker with strong interpersonal skills
- Excellent writing skills
- English fluency
- Comfortable using digital tools such as Zoom, HubSpot, Dropbox, LinkedIn
- Flexibility to accommodate different time zones
VIC Technology Venture Development’s investment model sources promising life science innovation directly from global research entities, allocating funding to form startup companies and advance these technologies towards exit through acquisition. In addition to the initial capital, VIC provides portfolio companies with both business and scientific resources—including interim management, accounting, marketing and research support—to create a complete venture development ecosystem.
Preference for individuals based near major cities with a high concentration of research universities, institutes and/or national labs. Examples include, but are not limited to: Atlanta, Baltimore, Basel, Boston, Chicago, Dallas, Denver, Houston, London, Los Angeles, Montreal, Munich, NYC, Philadelphia, Phoenix, Portland, Raleigh-Durham, Salt Lake City, San Diego, San Francisco, Seattle, Singapore, Sydney, Tel Aviv, Tokyo, Toronto, Vancouver and Washington DC. Pre-existing relationships with top-tier research institutions are a plus, whether currently residing there or not.
We are no longer accepting applications for the 2022 Fellows class.