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Innovation Associate at Intermountain Ventures


Job ID: 234135

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Job Description

This unique Innovation Associate position plays a critical role in helping to advance breakthrough healthcare innovations that are created by Intermountain Healthcare and SelectHealth caregivers.  Operating from within the dynamic and fast-paced Intermountain Ventures team, the Innovation Associate will support Intermountain’s mission and vision by fostering internal innovations that can be developed and commercialized to transform healthcare at Intermountain and beyond. This position will execute on the day-to-day program and project requirements for successful evaluation, development, funding, and transition of high-impact innovations into internal piloting and implementation activities, as well as external commercialization via new company venture formation, commercial collaborations, and/or licensing.

This is an enterprise-wide role reporting to the Commercialization Director and primarily supporting the Intermountain Ventures Foundry team. This role will work closely with internal innovators as well as clinical and non-clinical functional teams across Intermountain. In addition, this individual will collaborate with external consultants and companies to help transition innovations to the market. This role also works closely with the Intellectual Property Office team to assess, protect, and provide ongoing input to help manage inventions and related licenses.

Essential Job Duties

Evaluate innovations and other types of business opportunities that are internally created by Intermountain and SelectHealth caregivers

  • Evaluate new innovations and business opportunities for internal impact and external commercial potential.
  • Conduct complex primary and secondary competitive solution research and market analysis.

Develop project plans and execute evidence-generating activities that build innovation value and advance innovation projects toward commercialization

  • Review submissions and recommend internal and external grant funding opportunities and internal program participation decisions.
  • Review stage gate materials and recommend innovation project advancement decisions.
  • Conduct and support problem definition and solution development with innovators, and craft the associated value proposition development and business modeling.
  • Assist innovators with solution experiments, product prototyping and validation testing.
  • Provide project management as needed, including recommending and executing metrics and reporting.
  • Support innovation-related classes, workshops, and other program elements.

Advance and support the transition and commercialization of innovations with high impact potential

  • Develop innovation commercialization plans, including internal and external strategies, business case development, risk analysis, funding requests, and related presentations or proposals.
  • In collaboration with other Ventures team members, support the planning and execution of internal transition activities, including internal pilots and hand-offs to operational implementation teams.
  • In collaboration with other Ventures team members, provide external transition planning and execution support activities for New Venture organization, launch, and funding.
  • Support innovation marketing activities, including identifying potential commercial partners, preparing non-confidential information, and developing and implementing marketing strategies.
  • Support innovation licensing activities in collaboration with the Intellectual Property Office, including developing client/partner relationships and providing input toward license agreements.
  • In collaboration with Ventures evaluation and implementation team members, as assigned, support the planning and execution of day-to-day requirements for successful piloting of promising external commercial innovations within Intermountain, and the integration of new ventures and investments into Intermountain operations.

Work closely with the Intellectual Property Office to assess, protect, and manage intellectual property

  • Document and assess invention disclosures during evaluation and analyze to identify problem-solution opportunities.
  • Collaborate to assess prior art, determine the intellectual property protectability for inventions, and recommend protection strategies that align with the market opportunity.

Build and maintain program operational infrastructure, processes and reporting

  • Develop and maintain best-practice innovation program criteria, policies, procedures, guidelines, and innovator educational materials.
  • Consistently record activities, communications and artifacts into relevant databases.
  • Ensure timely monthly performance reporting. Actively monitor and report KPI’s to identify continuous improvement opportunities.
  • Collaborate with other system functions to ensure efficient processes and operations (Legal, Compliance, Research, IT, Communications, IP Office, Continuous Improvement, etc.).
  • Support the Commercialization Director in the maintenance and growth of the program.

Provide innovation and commercialization outreach and engagement

  • Network internally and attend internal events to build relationships, promote the program, and solicit innovation ideas and program participation.
  • Collaborate across the system to develop problem insights and identify innovation opportunities with significant internal and external value potential.
    • Network externally and attend events to build relationships with external organizations, industry partners and collaborators.

Minimum Requirements

  • Bachelor’s degree in a relevant business, science, engineering, healthcare economics or related field.
  • 4+ years’ experience with innovation development, management, and commercialization.
  • Working knowledge of and experience using various business modeling tools and frameworks, including Value Proposition Design, Business Model Generation, Lean Start-Up or similar.
  • Working knowledge of and experience with patents and other intellectual property.
  • Demonstrated project management skills.
  • Exceptional verbal and written communication skills and impeccable interpersonal skills.
  • Ability to collaborate with multiple stakeholders across diverse internal and external teams.
  • Ability to balance multiple projects and priorities and to move quickly in a fast-paced environment.
  • Strong Word, Excel and PowerPoint skills.
  • Ability to travel as needed.

Physical Requirements

  • Interact with others requiring employee to verbally communicate as well as hear and understand spoken information.
  • Operate computers, telephones, and various office equipment, including manipulating paper and objects requiring the ability to move fingers and hands.
  • See and read computer monitors and documents.
  • Remain sitting or standing for long periods of time to perform work on a computer, telephone, or other equipment.

Preferred Qualifications

  • MBA or relevant master’s degree.
  • Experience with innovation development, management and/or commercialization of healthcare IT, digital health, or medical device technology.
  • Relevant experience with new venture planning, formation, and growth, or technology licensing, especially for new healthcare technologies or services.
  • Experience working in a healthcare setting with knowledge of medical terminology.
  • Familiarity with USFDA and ISO regulatory requirements for medical products and services.
  • Experience with technology prototyping and validation testing.
  • A positive attitude and outgoing personality.
  • Innate curiosity and a strong desire to learn about new healthcare technology and innovation.
  • A passion for making a personal difference with your work that can change healthcare.

The primary intent of this job description is to set a fair and equitable rate of pay for this classification. Only those key duties necessary for proper job evaluation and/or labor market analysis have been included. Other duties may be assigned by the supervisor.