• Business Development & Innovations Director

    Location US-CA-Fremont
    Job ID
    # of Openings
    Job Category
    Business Development/Sales
  • Overview

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    Contribute to a Safer, More Secure, and More Sustainable World.

    At UL, we know why we come to work. Thousands of us around the world wake up every day with one common purpose – to make the world a safer, more secure, and more sustainable place to live. We clear the way for our customers to introduce the latest products, technological advances, and systems in an increasingly complex world so they can provide peace of mind to the market. Our integrity is woven throughout our company and shapes the way we approach deliver our solutions. We are proud that the work we do every day has a meaningful contribution to society. We continue to build upon our legacy of trusted expertise and partnership to keep our communities safe and secure as we march forward into the future. This helps us to sleep better at night, and we are confident that the millions of people we touch rest easier too.



    The Business Development & Innovations Director will be responsible for, sourcing, due diligence and managing venture investments at UL Ventures. Partners with business divisions and geographic regions to ensure a successful due diligence analysis and post investment opportunities. Partners with corporate functions to ensure the appropriate processes are in place and risks are mitigated. Plans and directs program schedules and budgets as needed. Reports to VP & Managing Director of UL Ventures.




    • Responsible for the coordination of the Identification, Prioritization, Due Diligence analysis and recommendations for investments in venture-backed companies, and works closely with due diligence teams and other subject matter experts.
    • Recommends and develops the investment thesis and venture investment approach, and coordinates the implementation with relevant corporate functions and business divisions.
    • Develops and maintains roadmap, tools and documents, as well as pipeline of potential investments.
    • Maintains relationships with external stakeholders such as Venture Capital firms, Angel Investment groups, portfolio companies, and others in the ecosystem. Represent UL in portfolio companies’ board meetings.
    • Benchmarks best practices, drives process excellence, portfolio companies to UL Business collaboration, and knowledge transfer with each deal.
    • Reviews past investments to identify lessons learned and enhance future deals.
    • Performs other duties as directed.



    • University Degree (Equivalent to a Bachelor’s degree) in Business Administration.
    • Finance, Engineering, Engineering Technology, Industrial Technology, or Manufacturing.
    • Technology from an accredited program plus eight years of Operational related experience.
    • MBA Preferred.
    • Strong program management and leadership skills to manage initiatives requiring crossfunctional and cross geography teams.
    • Competence in financial analysis.
    • Analytical skills requisite for developing due diligence and integration roadmap and tools.
    • Demonstrated experience in both market intelligence and due diligence.



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