The Director of Technology Commercialization will oversee developing and executing strategies to bring innovative technologies and research outputs from the Office of Research and Graduate Studies to the market. The Director will work closely with cross-functional teams, including research scientists, business development, marketing, and legal, to identify commercialization opportunities, conduct market assessments, and create comprehensive business plans. The position requires negotiating licensing agreements, managing intellectual property, establishing partnerships, and presenting products and/or services to external stakeholders. The Director will need to maximize the organization's revenue potential while ensuring alignment with its overall mission and objectives. The leadership, vision, and business acumen of the Director will play a crucial role in driving successful technology commercialization initiatives and promoting innovation within Alfaisal University and external clients.
Primary Duties & Responsibilities
- Develops and implements comprehensive strategies for effectively commercializing innovative technologies and research outputs, aligning them with the organization's overall mission and objectives.
- Conducts market assessments and identify potential commercialization opportunities by analyzing market trends, customer needs, and competitive landscapes.
- Negotiates and manages licensing agreements, strategic partnerships, and collaborations with external stakeholders, including industry partners, investors, and other organizations.
- Oversees the protection and management of intellectual property assets, including patents, trademarks, and copyrights, ensuring proper documentation and compliance with legal requirements.
- Collaborates with research and development teams, legal, marketing, and business development departments to facilitate technology transfer, evaluate market readiness, and support the commercialization process.
- Creates comprehensive business plans for each technology or research output, outlining financial projections, marketing strategies, and risk assessments.
- Manages the budget for technology commercialization activities, ensuring efficient allocation of resources and cost-effectiveness.
- Stays informed about relevant regulations and standards, ensuring all commercialization activities follow applicable local laws and guidelines.
- Defines and tracks key performance indicators (KPIs) to measure the success and impact of technology commercialization efforts.
- Develops marketing and brand strategies to position the organization and its technologies as leaders in the industry.
- Facilitates collaborations between the R&D division and external partners, fostering innovation and knowledge exchange.
- Identifies potential risks and challenges in the commercialization process and develops contingency plans to mitigate them.
- Prepares regular progress reports and presentations for senior management and stakeholders, updating them on technology commercialization initiatives and outcomes.
- Continuous evaluation and refine the commercialization process to optimize efficiency and increase the success rate of technology transfer and market penetration.
- Represents the organization at industry events, conferences, and trade shows to build relationships, identify new opportunities, and enhance the organization's visibility within the technology market.
- Performs all duties in a professional, effective, and confidential manner.
- Performs all related duties as required or assigned by the Vice President of Research and Graduate School Innovation.
Education & Experience
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- Master’s degree in Business Administration, Science, Technology or equivalent from an accredited institute.
- Certifications related to technology commercialization, intellectual property management, or technology transfer and professional development.
- Minimum of twelve (12) years of experience in technology commercialization, business development, intellectual property management or related fields.