Healthcare/BioTech Entrepreneur-in-Residence - MassChallenge

The Organization: MassChallenge

The Role: Healthcare/BioTech Entrepreneur-in-Residence

Location: Dallas, TX

Reports to: Gaurav Manchanda, Chief Program Officer

MassChallenge is the global network for innovators who are working to solve massive challenges. We connect startups, experts, corporations, and communities to grow and transform businesses and economies. Our mission is to equip bold entrepreneurs to disrupt the status quo and create meaningful change. Our mission is BIG, and thus we are a team that gives 100% every day. Our MC values ensure we stay true to our mission and our core beliefs.

MassChallenge is currently seeking a Healthcare/BioTech Entrepreneur-in-Residence to join our Dallas- based office.

Position Summary

As our Healthcare/BioTech Entrepreneur-in-Residence (EIR) at MassChallenge, your mission is threefold:

1. Support the Growth of MassChallenge Healthcare & Texas Ecosystem: Play a key advisory role in shaping and expanding MassChallenge’s healthcare initiatives, with a particular focus on the Texas ecosystem.
2. Advise Startups: Provide expert guidance, mentorship, and strategic advice to startups within the healthcare and biotechnology sectors, helping them navigate complex challenges and scale their businesses.
3. Engage with Partners: Actively engage with and develop new partnerships, fostering relationships that will support MassChallenge’s mission and the success of our startups.

Location
This role is hybrid and will be expected to work from the Dallas office for at least two days per week, typically Tuesday and Thursday.

What You'll Do

General Responsibilities:

• Mentorship & Coaching: Provide one-on-one and group mentorship to MassChallenge startup founders, offering deep, actionable advice tailored to the unique challenges of the healthcare and biotech industries.
• Industry Expertise: Leverage your experience to guide startups on healthcare-specific topics such as regulatory compliance, clinical trials, FDA approvals, and market entry strategies.
• Network Building: Connect founders with key stakeholders, including potential investors, industry leaders, and corporate partners, to accelerate their growth.
• Curriculum Development & Delivery: Assist in the development and delivery of industry-specific curriculum and training, ensuring startups are equipped with the knowledge and tools they need to succeed.
• Corporate Engagement: Recommend and support introductions to new corporate/industry partners; engage with select partners to support more effective startup engagement.
• Representation & Advocacy: Represent MassChallenge at industry events, conferences, and networking sessions, promoting the program and fostering relationships with potential partners and supporters.
• Subject Matter Expert (SME): Advise on MassChallenge healthcare programs, including curriculum development, speaker selection, and other program elements.

Texas-Specific Responsibilities:

• Community and Network Building: Focus on growing relationships and partnerships within the Texas healthcare ecosystem, including universities and new corporate connections.
• Program Alignment: Support and advise on aligning MassChallenge programs with Texas ecosystem assets and strengths, particularly in areas like HealthTech, CancerX, and Human Performance.
• Evangelism: Act as a key advocate for MassChallenge within Texas, enhancing local brand recognition and vibrancy within the healthcare sector.
• Increased Texas Engagement: Drive engagement and participation in MassChallenge’s Texas programs, ensuring strong showings and growing brand recognition.

Success Metrics

• Healthcare NPS Increase: Success will be measured by a notable increase in the Net Promoter Score (NPS) for MassChallenge’s healthcare programs.
• Texas Brand Recognition: The effectiveness of Texas-focused efforts will be gauged by the growth in brand recognition and the vibrancy of healthcare-related program components in the region.
• Anchor Relationships: Success includes forging 1-2 significant anchor relationships in the Texas healthcare sector.

What You Bring

Experience Requirements

• Healthcare/BioTech Expertise: Proven track record as a founder or senior executive in the healthcare or biotechnology sectors, ideally with experience in exiting a business.
• Regulatory & Industry Knowledge: Deep understanding of healthcare regulations, clinical trials, FDA processes, and market dynamics in the biotech space.
• Network & Relationships: Extensive network within the healthcare and biotech industries, including connections with venture capitalists, industry leaders, and corporate partners.
• Mentorship Experience: High emotional intelligence (EQ) and a passion for mentoring and advising early-stage entrepreneurs.
• Texas Focus: Based in Dallas, TX, with a strong understanding of the Texas healthcare ecosystem and willingness to travel as required.
• Commitment to Giving Back: A genuine interest in supporting the next generation of entrepreneurs and contributing to their success, beyond financial motivations.

Who We Are

MassChallenge is the global network for innovators who are working to solve massive challenges. We connect startups, experts, corporations, and communities to grow and transform businesses and economies. At MassChallenge we:

• Help entrepreneurs build the next generation of transformational businesses by connecting them with the resources, partnerships, and communities that help them launch, grow, and scale their startups.

• Help our partners build, grow, and evolve their corporate innovation practices.

• Leverage the power of entrepreneurship to strengthen global innovation ecosystems.

Why You Should Join Us

We believe working at MassChallenge is fulfilling because of the mission, challenging because of the pace and work, and rewarding because you get to build to the next step in your career here. When you join MassChallenge you join an incredible team and network of innovators and entrepreneurs, you take ownership over significant and strategically important projects, you focus on impact and output, and you help strengthen the global innovation ecosystem.

As an Entrepreneur-in-Residence at MassChallenge, you will play a critical role in shaping the future of healthcare and biotech innovation. You’ll have the opportunity to work with some of the brightest minds in the industry, contribute to their growth, and expand your own network and influence in the startup ecosystem, particularly within the vibrant Texas healthcare sector.

Our Core Values:

• Founder Mindset: Optimism, Tenacity, Love the Problem

• Connect & Collaborate: Empathy & Inclusion & Fun, Build Community, Connect the Dots

• Progress over Perfection: Build on experience, Fail Fast, Demonstrate Traction

Compensation

• MassChallenge offers competitive salaries, excellent benefits, and a supportive working environment.

• Compensation is based on a nonprofit scale and commensurate with skills and experience.

• Internal equity considerations and the average compensation of the peer range will be reviewed before making a final offer.

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MassChallenge is proud to be an Equal Opportunity Employer. We seek individuals from a broad variety of backgrounds with varying levels of experience who have a desire to do meaningful work. We recruit, employ, train, compensate, and promote regardless of race, color, gender, gender identity, religion, national origin, ancestry, disability, age, veteran status, sexual orientation, or any other characteristic protected by law.