L'Oréal · 6 hours ago
Director, Open Innovation Business Development, L'Oréal Research & Innovation
Clark, NJ
Full-time
Hybrid
Director/Executive
$127K/yr - $184K/yr
8+ years expL'Oréal is the world's #1 beauty company, transforming the industry through innovation and science. The Director of Open Innovation Business Development will support business development activities in North America, negotiate partnerships, and manage alliances to enhance L'Oréal's product portfolio.
BeautyConsumer GoodsCosmetics
No H1B
Responsibilities
Support all Business Development & Licensing activities for L’Oreal Research & Innovation in North America, working closely with a cross functional deal team, key internal stakeholders and global counterparts
Define and negotiate the business model of our partnerships with startups and academics
Identify new growth opportunities based on emerging science and technology with the potential to impact our industry within a 5-10 year horizon
Perform analysis of industry trends, intellectual property, financial models and scientific landscape
Communicate key findings and recommendations to internal stakeholders to drive the due diligence process forward effectively
Build and maintain a robust network of startups, academics, accelerators, incubators and KOL’s operating in the relevant scientific fields and industries
Qualification
Required
A completed MS or PhD in science or engineering required
8+ years relevant business development and licensing work experience is required
Advanced knowledge of Business Development & Licensing activities (IP, Legal, contracts, etc.)
Strong communication, analytical, interpersonal and negotiation skills, coupled with strategic awareness of products, consumers, customers, and channels
Track record of closing high quality partnering opportunities, investments, licenses, acquisitions
Ability to work with, and influence, external technical experts and internal decision makers
Strong analytical, problem solving, and alliance management skills
The ability to be onsite, in the office as this is an essential function of the position (required)
Ability to travel 25% of the time to support business development needs (domestically and internationally)
Authorization to work in the United States on a full-time, permanent, ongoing basis without the need for legal sponsorship now or in the future (required)
Preferred
Experience working with international partners and colleagues highly preferred
MBA and/or JD a plus
Strong knowledge in relevant scientific/technical fields and familiarity with latest technologies
Benefits
Competitive Benefits Package (Medical, Dental, Vision, 401K, Pension Plan)
Hybrid Work Policy (Up to 2 Days per week work from home for eligible roles, subject to manager approval)
Flexible Time Off (Paid Company Holidays, Paid Vacation, Vacation Buy Program, Volunteer Time, Summer Fridays & More!)
Access to Company Perks (VIP Access to L’Oréal’s Internal Shop for Discounted Products, Monthly Mobile Allowance)
Learning and Development Opportunities (Unlimited Access to E-learnings, Lunch & Learn Sessions, Mentorship Programs, & More!)
Employee Resource Groups (Think Tanks and Innovation Squads)
Access to Mental Health & Wellness Programs
Company
L'Oréal
No.1 Beauty Group Worldwide. No.1 most innovative company in Europe (Fortune's ranking).
10001+ employees
Funding
Current Stage
Late StageLeadership Team
David Greenberg
CEO L’Oréal USA and President, North America Zone
Haley Cohen
Chief of Staff to the CEO of L’Oréal USA
Recent News
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