How to Apply
A cover letter is required for consideration for this position and should be attached as the first page of your resume. The cover letter should address your specific interest in the position and outline skills and experience that directly relate to this position.
The Monroe-Brown Biomedical Seed Fund (M-B Seed Fund) invests in early-stage biomedical startup companies with U-M licensed IP in the domain of therapeutics, devices, diagnostics, or health IT to support their success at commercializing their research in the most impactful way possible. We want our startups to succeed, and we know that the best ideas need time, money, and patience to nurture them to their fullest potential. The Seed Fund also functions as a strategic opportunity to continue to drive U-M’s leadership position in biomedical research and technology, and attract world-class research talent to U-M and to the broader Ann Arbor entrepreneurial ecosystem. The M-B Seed Fund is a collaborative effort between the U-M College of Engineering’s Center for Entrepreneurship (CFE) and U-M Medical School Fast Forward Medical Innovation program (FFMI) program.
Fast Forward Medical Innovation (FFMI) is part of the Office of Research at the University of Michigan Medical School (UMMS). As the "front door" to biomedical innovation, FFMI accelerates commercialization of technologies in diagnostics, therapeutics, devices, and healthcare IT. With the ultimate goal of impacting patient health, FFMI supports research at its inception, collaborates with commercial partners, and nurtures a culture of innovation and entrepreneurship by providing faculty, researchers, and students with tools and knowledge to translate an idea into something of impact.
The Center for Entrepreneurship (CFE) is part of the College of Engineering (CoE). The mission of The CFE is to inspire and transform the Michigan community into entrepreneurial thinkers and doers. The CFE is an innovation hub where ideas, people, resources, and technology meet and create the future. CFE provides active learning experiences to all students and faculty at the University through classes and programs that are designed to teach the skills to translate high-potential projects and ideas into the world. Since its inception in 2008, The Center has developed a rich and diverse set of offerings that cater first to the needs of the students and faculty at The University. Just like a startup, it continues to evolve and grow to meet the increasing demand for entrepreneurial curriculum and experiences. The Monroe-Brown Seed Fund is a partnership between Fast Forward Medical Innovation and the Center for Entrepreneurship.
The Monroe-Brown Seed Fund Analyst will support the Seed Fund Manager in all the activities and operations related to the Monroe-Brown Seed Fund such as deal sourcing, due diligence, portfolio management, industry and tech trend analysis, networking, and attending meetings and conferences. The Seed Fund Analyst will work with the Seed Fund Manager in advancing the broader missions of the FFMI and CFE units.
Assist with pipeline management and deal flow sourcing, which includes attending internal presentations and talks, collaborating with the Office of Technology Transfer and assisting with the Fund’s deal flow council meetings.
Help conduct due diligence via customer discovery interviews, market research, scientific and technical due diligence, business model analysis, KOL interviews, etc. in order to prepare an investment thesis.
Aid in preparation for investment: create final investment thesis, present at Investment Advisory Board meetings, document feedback and suggestions, draft term-sheets, etc.
Analyze industry trends, investor interest, and benchmark investments.
Support Fund Manager in portfolio management: follow-on funding, valuations, quarterly updates, attending board meetings, interacting with co-investors, building relationships with Series A investors, maintaining accurate meeting notes and documentation.
Assist in networking and relationship management with internal and external partners to build the fund’s local and national network, such as: investors, alumni, customers, experts, the local investment community, MVCA, and other local groups.
Participate in review committees, judge pitch competitions, mentor teams for university and external groups, etc.
Occasional travel to attend conferences/ trade meetings/ talks such as MGCS, RESI, JP Morgan, Plug and Play, etc. will be required.
Successful candidates will demonstrate:
Strong credentials or experience in academic research, business, or startups.
Ability to manage groups of committees, company management teams, and stakeholders across campus.
Knowledge and interest in current trends in the life-science industry, investments, etc.
Strong communication skills.
Capability to work as a part of a team.
Ability to multi-task and strong organizational skills.
Flexibility to work evening and weekend hours when required.
Prior experience in entrepreneurship and/or innovation education is a plus.
Direct supervision is received from the Monroe-Brown Seed Fund Manager.
Bachelor’s degree required, master’s degree preferred.
Four+ years of work experience in life-sciences, startups, or investments.
Strong organizational, project management, presentation, and communication skills to manage relationships with faculty, staff, external investors and stakeholders.
Ability to set priorities for self and others.
Ability to act effectively both independently and as a member of a team.
Comfortable navigating ambiguity with a can-do attitude, adaptable and quick learner, willingness to acquire and develop new skills as needed.
Proficiency in computer software (Microsoft suite).
This position is funded for a period of three years after which a detailed assessment will be conducted to determine the long-term implementation of this position.
Michigan Medicine conducts background screening and pre-employment drug testing on job candidates upon acceptance of a contingent job offer and may use a third party administrator to conduct background screenings. Background screenings are performed in compliance with the Fair Credit Report Act. Pre-employment drug testing applies to all selected candidates, including new or additional faculty and staff appointments, as well as transfers from other U-M campuses.
Job openings are posted for a minimum of seven calendar days. The review and selection process may begin as early as the eighth day after posting. This opening may be removed from posting boards and filled anytime after the minimum posting period has ended.
U-M EEO/AA Statement
The University of Michigan is an equal opportunity/affirmative action employer.