Specifications include, but are not limited to: Entrepreneur in Residence (EIR) will work with the University and project teams to engage directly with UofL research groups to help advance technologies toward market. The EIRs will become familiar with the latest research at UofL, advise faculty and staff on entrepreneurship and innovation opportunities, and, when the right opportunity presents itself, help catalyze new startups around innovations and technologies. Services will include: • Utilize EIR’s experience in commercializing technology-based products and high-growth/scalable startup companies • Mentor project team members (founders, University innovators including clinical and technical staff, as well as students, grad-assistants), regarding key aspects of technology and product development with an intent for eventual commercialization. o Meet with teams at least twice per month • Build and utilize a network of experienced entrepreneurs and investors that can provide talent and capital to startups in the region. • Evaluate and develop high level roadmap/plan for product development and commercialization • Prepare specified funded projects for commercialization activities including due diligence analysis; • Assist in preparation of commercialization focused grant applications and plan for commercialization and fundraising activities; • Provide recommendations for most likely avenue for commercialization, including business model, product development, pivotal experiments and clinical & regulatory path(s); and • Utilize existing relationships with industry and investors to promote assigned technology (technologies) appropriate for investment and licensing to existing industry. • Prepare teams and/or pitch technologies to investors and industry representatives for licensing deals.
