Healthcare Innovation Associate

Position Summary

GlobalSTL, an initiative of BioSTL, is seeking driven, resourceful candidates in a Healthcare Innovation Associate role to join our mission of transforming the model of health care delivery and improving the health and economic vitality of our region. 

This position will report to the GlobalSTL Healthcare Business Development Director and will be a full-time, salaried position with BioSTL. 

Job Responsibility

Building upon GlobalSTL’s international innovation sourcing platform, developed across 15 countries and growing, this exciting role will be sourcing digital health solutions for both a consortium of large health organizations across multiple Midwest states with combined revenues of more than $350 Billion (~ 10% of US Healthcare spending – more than Boston, Chicago, Nashville, Philadelphia, Cleveland) and an ecosystem of rural and urban health stakeholders seeking to bring solutions to underserved and at-risk populations.

Job Duties and Responsibilities

As a member of the GlobalSTL team, the Healthcare Innovation Associate will actively participate in the following responsibilities:

• Perform diligence research and in-depth sector analysis assisting GlobalSTL leadership in the evaluation of cutting-edge healthcare startup or scaleup solutions and care delivery models.  Diligence includes the following value parameters: value proposition, product-market fit, market traction, business model, regulatory compliance, risk, capital raised, management teams for strategic clients, among others
• Expand the GlobalSTL global innovation sourcing network, building new relationships, adding new countries and regions by leveraging existing platform contacts, strategic partners, innovative startups, VCs, incubators, professional networks, web and social media, and other sources
• Leverage the GlobalSTL CRM system to maintain a database of all contacts and communication between GlobalSTL and entities relevant to GlobalSTL (companies, incubators, VCs, NGOs, STL corporations, STL innovation partners, etc.)
• Continue to improve GlobalSTL programs and sourcing approaches through learning from U.S. and international success models and by applying a methodology of continuous measurement and improvement
• Support events including the hosting of key international delegates who may visit St. Louis for recruitment and business development goals, as needed
• Travel for innovation sourcing and business development meetings domestically and internationally, as applicable

Through this rewarding work and in a highly collaborative environment, GlobalSTL is transforming US health care and positioning St. Louis as the center for health care innovation.  In the Healthcare Innovation Associate role, you can expect to:

• Improve the quality of life of our region through the deployment of the innovations originating from recruited companies, including quality of life improvement for our underserved communities
• Increase the number of innovative health companies executing pilots and or scaled implementations with GlobalSTL’s consortium of healthcare partners
• Execute the sourcing of innovation for GlobalSTL meetings, including but not limited to the GlobalSTL Health Innovation Summit and Rural Health Symposium
• Expand the global innovation sourcing platform adding countries and deepening the sourcing network within existing countries
• Improve domestic and international brand of GlobalSTL as the go-to organization for digital health companies wanting to access Midwest customers
• Wherever possible, attract and nurture high growth companies into establishing and or growing a physical presence in St. Louis creating jobs and capital invested in the St. Louis region

Required Qualifications

• Undergraduate or master’s degree, preferably in business management, healthcare administration, medicine, or engineering, or equivalent work experience
• 1-3 years business experience in any of the following:  analyst/sourcing, project management, operations, R&D, business development, or law
• Previous visibility into managing innovation projects, working with startups/suppliers/vendors/external partners, developing contracts, and or negotiating agreements, is preferred

Skills

The ideal candidate will be a self-starter with a strong interest in entrepreneurs and small business development and can develop relationships, build networks and develop win-win solutions. Past exposure to technical evaluations, due diligence on a variety of products and services, and intellectual property review among startups or commercial settings are highly desirable experiences for this position.  Other preferred skills include a demonstrated track record of conducting deep diligence of healthcare innovation and establishing value proposition for US healthcare players, takes initiative to learn new skills and curiosity to continuously improve current processes, an overall diversity in previous assignments that demonstrate flexibility among the ability to manage a process, planning and organization skills, namely the ability to establish work plans, multi-task and prioritize simultaneous projects, negotiation skills, working knowledge of standard contract terms, excellent listening, written and oral communication skills – to articulate complex business situations clearly and articulately with senior executives of diverse backgrounds (corporations, investors, entrepreneurs, researchers and governmental agencies) in a global setting, and a demonstrated passion for international business, people and culture.

Compensation

Pay is commensurate with experience and is benchmarked against market rates. Benefit package for full-time employees includes excellent health coverage, generous retirement savings match, tuition assistance, and other benefits to support employees personally and professionally.

Application

Please upload a detailed letter of interest and resume on the BioSTL.org website under this job posting heading.  Confidential inquiries can be submitted to Scott Huston at shuston@biostl.org with this job posting title in the subject line.  For more information, visit GlobalSTL, and biostl.org.

Full, up-to-date vaccination against COVID is required for employment. Exemptions may be granted for medical contraindications and for sincerely held religious beliefs. Exemption requests will be evaluated on a case-by-case basis.

BioSTL is committed to creating a diverse, inclusive, and equitable ecosystem. We are committed to seeking individuals of diverse backgrounds and experiences who will bring diverse perspectives to this work. This is an equal employment opportunity.

About BioSTL

Since 2001, St. Louis nonprofit BioSTL has laid the foundation for the region's innovation economy with a comprehensive set of transformational programs that advance St. Louis’ leadership in solving important world challenges in agriculture, medicine, health care, and other technology areas. BioSTL has introduced nationally acclaimed initiatives in startup creation and investment (BioGenerator), strategic business attraction (GlobalSTL), physical environment (including Cortex and BioGenerator Labs), entrepreneur support (Fundamentals), seed and venture capital, a diverse and inclusive workforce, and public policy. Find us online at biostl.org and follow us on twitter at @BioSTL.