BRIDGE Innovation & Business Development Team
Executive Vice Chancellor – BRIDGE Innovation & Business Development
The office of EVC - BRIDGE Innovation & Business Development provides leadership, vision and comprehensive business strategy to commercialize intellectual property portfolio and lead business transactions for UMass Chan Medical School and its various affiliates. We are eager to work with variety of external entities, including investors, established as well as new pharma/biotech companies, incubators and other research organizations.
The various functions including New Ventures, Operations, Transactions/IP Management report to this office and together enable establishment of NewCo spin-outs, alliances, licensing agreements and novel investment/collaboration structures in line with UMass Chan’s strategic goals.
New Ventures
The New Ventures (NV) group is the first point of contact for UMass Chan researchers and external partners alike. This group is responsible for proactively scouting UMass Chan Medical School to identify and evaluate commercializable assets and platform technology and match them with potential partners in biotech, pharma and investor ecosystem. The New Venture team leads early structuring and negotiation up to term-sheet stage and works with Transaction team towards definitive contracts.
Business Development
Business Development Operations & Accounting
Business Development Operations works across all functions of the Business Development team (New ventures, Transactions, Finance) to ensure operational effectiveness, cross-functional co-operation/deal flow and lead initiatives that ensure wider and systematic outreach to enable effective commercialization.
Business Development Accounting is responsible for reporting, budgeting, royalty revenue and distribution, database management, accounts payable/receivable, invoicing, financial analysis, operational data analysis, audit support, and information systems support for business development
Transactions
Transactions provides end-to-end contracting process and produces legal documents/solutions for variety of license and sponsored research agreements (SRA), material transfer agreements (MTAs), confidentiality agreements (CDAs) and Core services agreements to facilitate needs of UMass Chan researchers, new venture team & external partners. Transactions team works in close coordination with New Ventures and IP management team.
IP Management
This team is responsible for receiving Invention Disclosures and filing/maintenance of UMMS IP portfolio including core IP, out and in-licensed IP and collaborative agreements and help drive they key actions and decisions required to build and defend a strong IP portfolio with broad coverage of UMMS inventions
