Chief Executive Officer

LEE R. GROESCHL

*** ***** **** **** *** Oro Valley, AZ 85704

701-***-**** ***********@*******.*** http://www.linkedin.com/pub/lee-groeschl/7/421/900

PROFILE

Entrepreneurial executive focused on visionary leadership and bottom-line driven results. Experienced leader with several

years of experience in technology transfer, venture development/venture capital, and entrepreneurship.

UNIVERSITY OF TEXAS ? PERMIAN BASIN June 2024 ? February 2026

Entrepreneur-in-Residence (EIR) and Lecturer Odessa, TX

? Led commercialization collaboration with the Center of Energy and Economic Development (CEED)

? Collaborated with faculty and staff in the College of Business and Engineering to foster entrepreneurship and innovation

? Collaborated and fostered new technology venture opportunities and intellectual property development with SBDC and CEED

? Taught both undergraduate and graduate business courses at the UTPB College of Business

? Co-led the recruitment and development of a talented team of software engineers and engineering research scientists

? Led Collaboration and leadership opportunities for students and faculty through ENACTUS and UTPB College of Business

? Led cross collaboration for intellectual property development and technology commercialization with UT System (Statewide)

? Developed new technology commercialization courses within graduate program at UTPB College of Business

? Collaborated and led new relationship development with regional companies and industrial leaders in West Texas.

VIRTUAL SYSTEMS ENGINEERING November 2014 ? Present

Chief Executive Officer (CEO and Co-Founder) Iowa City, IA

? Led commercialization planning and business planning in collaboration with University of Iowa ? UI Ventures

? Led start-up fundraising efforts through the State of Iowa ? Venture Net Iowa and Wellmark Venture Capital

? Led negotiation of exclusive licensing with the University of Iowa Research Foundation

? Managed sales development and built business development relationships with several potential customers and partners.

? Co-led the recruitment and development of a talented team of software engineers and research scientists.

? Raised $250,000 in start-up funding from the Wellmark Venture Capital Fund and VentureNet Iowa and managed post

investment relationship and reporting.

? Managed sponsored research funding agreements in collaboration with The University of Iowa for software development.

? Developed and executed marketing penetration strategy and planning for product sales and strategic partnerships.

? Worked with CEO and senior management team on post investment relations and venture development.

STATE OF NEW MEXICO November 2023 ? February 2024

Entrepreneurship Coordinator ? State of New Mexico Santa Fe, NM

Economic Development Department ? Office of Entrepreneurship

? Led entrepreneurship coordination among technology entrepreneurs and economic development organizations across NM.

? Collaborated with State of New Mexico Regional Business Development Representatives in 6 regions to cultivate and promote

business development opportunities.

? Engaged and participated in LEEP (Los Alamos National Laboratory) and BOOST (Sandia National Laboratory)

? Led and initiated new grants for technology-based businesses across the State of New Mexico

? Consulted with Municipalities, EDO?s (Economic Development Organizations) and early-stage companies to promote business

development.

? Led collaboration with Santa Fe Business Incubator and the 6 other accredited business incubators in New Mexico.

? Established the Office of Entrepreneurship within the New Mexico Economic Development Department (EDD)

NORTH IDAHO COLLEGE

Venture Center Program Manager May 2020 ? June 2023

North Idaho College Venture Network ? Office of Entrepreneurship Coeur d Alene, ID

? Led reformation of North Idaho College Venture Center and Venture Network

? Collaborated on Technology Commercialization efforts and led Venture Academy with regional partnering institutions:

University of Idaho, Washington State University, Eastern Washington University and other regional partners

? Led client engagement and outreach for Venture Development services and technology development support

? Led and initiated new grants for entrepreneurship and economic development from USDA, EDA, and other partners

? Hosted and participated in regional business plan competitions and regional entrepreneurial programs such as: (Northwest

Business Plan Competition, Venture Academy, etc.)

? Led program development and client engagement with cross collaborative projects that utilized University and State programs

? Collaborated with Small Business Development Center and other regional entities on economic development initiatives.

UNIVERSITY OF MINNESOTA CROOKSTON October 2018 ? June 2020

EDA (Economic Development Administration) Center Consultant Crookston, MN

EDA University Center ? Chancellor?s Office

? Led formation and development of University of Minnesota EDA Center located in Crookston, MN

? Collaborated on economic development feasibility analysis with CHEDA, SBDC, University of Minnesota Technology

Transfer Office and University of Minnesota Extension to promote economic development and technology

transfer/research activities

? Developed collaboration of regional partners for workforce development initiatives and advanced internship programs

? Led and initiated new grants for entrepreneurship and economic development from USDA, AURI, and DEED

? Led MNwest Entrepreneur Summit in collaboration with Minnesota Innovates, Greater MN Development and UM-Crookston

? Led new academic program development with Department Chairs and Professors across University of Minnesota Crookston

? Collaborated with Small Business Development Center and other regional entities on economic development initiatives

OHIO UNIVERSITY March 2015 ? December 2017

Executive-in-Residence (EIR), TechGROWTH Ohio Athens, OH

Office for Vice President for Research and Creative Activity and Voinovich School of Leadership and Public Affairs

? Led University-wide technology commercialization outreach at Ohio University and 20 counties in SE Ohio

? Led cross-collaboration economic development efforts between the Office of Vice President for Research and Creative

Activity, The Office of Technology Transfer, The Center for Entrepreneurship and TechGROWTH Ohio

? Led the development of new venture launch curriculum at Ohio University through the Vice President of Research and Creative

Activity and The Center for Entrepreneurship ? BobCat Launch and Commercial Skills for OU Faculty and Researcher

? Led and coordinated Ohio University I-Corps@Ohio Technology Commercialization team efforts

? Worked hands-on with Faculty, Staff and Students in assessing technologies for commercial potential and marketability

? Led inter-institutional research collaborations among principal investigators to further technology viability and credentials

? Managed technology commercialization efforts and led new deal flow for regional network of Angel Investors, Venture Capital

Funds, and Corporate Venture Capital Groups

? Executive mentor for I-Corps@Ohio teams and Executive mentoring for portfolio companies through TechGROWH Ohio ?

Provided consulting to early stage technology-based companies located in SE 20 Counties in the State of Ohio

THE UNIVERSITY OF IOWA March 2012 ? December 2014

Associate Director of UI Ventures and Economic Development Iowa City, IA

Office for Vice President for Research and Economic Development

? Led formation of UI Ventures program between the UIRF and The Office for Vice President of Research and Economic

Development- Over the past 5 years, The UI Ventures program was responsible for launching 25 new ventures at The University

of Iowa was on IP that was protected and administered by The University of Iowa Research Foundation.

? UI Ventures Activity Summary: $2M of GAP Commercialization funding deployed: $21M of follow on funding

UI Ventures Activity Summary: 14 SBIR/STTR awards raised through NIH, NSF, DOD: $2.5 M in award funding

? Managed the Wellmark Venture Capital Fund for the John Pappajohn Entrepreneur Center

- Screened deal flow and consulted with early stage companies in capital acquisition strategy and execution

- Managed portfolio of 23 companies and provided semi-annual reports to Wellmark Blue Cross Blue Shield of Iowa

? Reviewed University of Iowa Research Foundation GAP Commercialization proposals and Grow Iowa Values Fund

? UI Venture School Instructor ? Lean Launch Pad Training completed through NSF I-Corps program

? Provided SBIR/STTR consulting and led collaboration with Iowa State University on SBIR/STTR review and submissions

? Provided entrepreneurial teams with FDA and other federal U.S. agency consulting

? Managed the Iowa Medical Innovation Group

THE UNIVERSITY OF IOWA January 2010 ? March 2012

Entrepreneur Services Manager, John Pappajohn Entrepreneur Center Iowa City, IA

John Pappajohn Entrepreneur Center and University of Iowa Research Foundation

? Led entrepreneurial education outreach and education efforts as part of the Tippie College of Business

? Provided strategic management consulting for several start-up companies including:

- VIDA Diagnostics, Inc. - Voxello, Inc. - Immortagen, LLC

- - Active Grade, LLC - Pear Deck, Inc. ? Direct Spinal Therapuetics, Inc.

- Viewpoint Molecular Targeting - Higher Learning Technologies - Infondrian, LLC

- NanoMedtrix, LLC - Virtual Systems Engineering - InnoBiopharma, Inc.

- Managed the Wellmark Venture Capital Fund for the John Pappajohn Entrepreneur Center

- Screened deal flow and consulted with early stage companies in capital acquisition strategy and execution

- Managed portfolio of 23 companies and provided semi-annaual reports to Wellmark Blue Cross Blue Shield of Iowa

- Managed and operated the New Venture Challenge and the Iowa Medical Innovation Group

- Led Collaboration with University of Iowa Research Foundation and Office of Vice President of Research

UNIVERSITY OF NORTH DAKOTA April 2005-August 2009

Entrepreneur Concierge, Center for Innovation Grand Forks, ND

Center for Innovation Foundation and UND Center for Innovation

Led formation and capitalization of four pooled angel investment funds in the State of North Dakota

- Valley Angel Investment Fund ($1.5M) - Fargo-Moorhead Investment Fund ($1.6M)

- Northern Plains Investment Fund ($1.4M) - Southern Valley Investment Fund ($ 900k)

- Served as the North Dakota Field Agent for the four pooled angel investment funds

- Screened deal flow and managed portfolio of 14 companies for the Valley Angel Investment Fund, LLC

- Provided Board of Directors quarterly reporting and managed year end tax information and distribution

- Led syndication efforts across the State of North Dakota and managed capital acquisition for the portfolio

- Led term sheet negotiations and due diligence committees for the four North Dakota Angel Funds

- Led entrepreneurial outreach and education efforts in collaboration with the Center for Innovation Foundation

EDUCATION

? University of North Dakota - M.B.A. Masters in Business Administration, Entrepreneur Finance

May 2009

? University of North Dakota - B.B.A. Bachelors in Business Administration, Management

May 2006

AFFILIATIONS

? Veridian Credit Union (CUSO - Board Member) - Non-Active (Jan 2022 ? Jan 2024)

? Cardinal Athletic Alumni Association, Inc. (Board Member) ? Active (May 2015 ? Present)

? Center for Innovation Foundation ? Dakota Venture Group (Advisory Board Member) - Active (June 2009 ? Present)

? National Council of Entrepreneurial Tech Transfer (NCET2) ? Active (July 2012 ? Present)

? United Way of Crookston, MN ? Non-Active (Oct 2018 ? June 2020)

TEACHING

? BUSI 3311 ? Business Communications ? University of Texas Permian Basin (2024 ? Present)

? BUSI 3301 ? Business Principles ? University of Texas Permian Basin (2024 ? Present)

? BUSI 3335 ? Foundations of Entrepreneurship ? University of Texas Permian Basin (2024 ? Present)

? MNGT 3310 ? Principals of Management ? University of Texas Permian Basin (2024 ? Present)

? Entrepreneurship 06T:256 ? Technology Commercialization (MBA) (2010 ? 2014)

? Entrepreneurship 06T:194 ? Advanced Business Planning (2010 ? 2014)

? Entrepreneurship 06T:192 ? Business Consulting (2010 ? 2014)

? Microeconomics ? University of Minnesota (2018 ? 2020)

? Iowa Medical Innovation Group ? Carver College of Medicine, College of Engineering, College of Business, College of Law

? Bobcat Launch - OU Center for Entrepreneurship and Office for Vice President for Research and Economic Development

? Commercial Skills for Ohio University Faculty and Researchers ? Ohio University (2015 ? 2018)

PROFESSIONAL PRESENTATIONS

? University Economic Development Association (UEDA) ? University of Minnesota EDA (November 2018)

? National Council of Entrepreneurial Tech Transfer (NCET2) ? Ohio University (September 2016)

? Commercialization Skills for Faculty and Researchers ? Ohio University (October 2016)

? Technology Commercialization ? University of Iowa ? NY Venture Summit (January 2013)

? University Economic Development Association (UEDA) ? University of Iowa (April 2014)

? Venture School Presentation ? University of Iowa Research Foundation (January 2012)

PROFESSIONAL CONSULTING

? University of North Dakota ? Center for Innovation Foundation / Dakota Venture Group (Jan 2006 ? June 2009)

? Economic Development Administration Grant Award ? North Idaho College Venture Center (July 2020 ? June 2023)

? NMSBA / TRGR Showcase ? Technology Commercialization ? State of New Mexico (Jan 2024)

? VentureNet Iowa ? State of Iowa Economic Development Department Grant Review Committee (Apr 2013)

? Venture School / Iowa Medical Innovation Group ? University of Iowa Research Foundation (Nov 2013)

? I-Corps@Ohio Executive Lead ? Ohio University / Ohio State University / Ohio Third Frontier (July 2016)

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