Description of JobTo play a key role in managing the Company's activities within the University's commercialisation agenda, limited to activities requiring commercial support - including negotiating deals with commercialisation partners, and the establishment and aftercare of spinouts which may flow from Wits research and innovation outputs.To play a co-ordinating role and be the key liaison between the Company and other key role players in the Wits innovation ecosystem including the (Wits Innovation Centre) (WIC), the Wits Commercialisation Forum, the Adhoc Innovation Committee, the inventors and/or entrepreneurs involved, external advisors/consultants, funders, and potential industry partners.To head up the Secretariat of the Wits Commercialisation Forum – which evaluates the Wits innovation pipeline and makes recommendations with regards to license deal structuring and spin-off creation.The BDM (C&VS) will develop a commercialisation approach (linked with IP strategies) per opportunity, working closely with the Innovation Support team at the WIC to facilitate a smooth transition between the pre-commercialisation activities, that will be largely driven by the WIC, and the commercialisation activities to be championed by Wits Enterprise (ideally in partnership with external market experts or entrepreneurs).
The BDM (C&VS) will look for opportunities for new partnerships, including potential license deals within industry.In addition, BDM (C&VS) will work closely with the Research & Consulting (R&C) BDM team at Wits Enterprise to develop models for commercial research and consulting businesses based on niche services that Wits is able to offer to the external market.
Likewise, the R&C BDM team will support the BDM (C&VS) with relevant market information and matchmaking opportunities identified through its external client engagements.Activities and ResponsibilitiesSupport the development of marketing material and commercialisation strategies for Wits innovationsAttract and engage commercial partners, investors, and entrepreneurs-in-residence by showcasing innovation potential and facilitating networking opportunities through industry events and targeted outreachFundraising for commercialisation of Wits innovations in collaboration with the WIC Innovation Support and R&C BDM teamsProviding regular reporting on deal progress and performance across portfolioProvide Secretariat function to the Wits Commercialisation Forum
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