Small Business Development Center @ UCI Applied Innovation Welcomes Molly Schmid

Press Releases
July 10, 2018 By Jackie Connor

The Small Business Development Center (SBDC), in partnership with UCI Applied Innovation, is pleased to announce Molly Schmid, Ph.D., as a new addition to the Center’s consulting team located here at the Cove @ UCI.

The SBDC @ UCI Applied Innovation is a no-cost, confidential resource for any high-tech, high-growth, scalable venture from the community or the UCI ecosystem that needs help with business planning, development and funding-readiness. They offer their assistance to entrepreneurs who are aiming to achieve technology commercialization.

In her new role, Dr. Schmid will provide customized solutions for small businesses facing growth challenges in life science industries, with a focus on the expansion of their technologies into commercialization.

“The life science entrepreneur needs help developing a strategy for their path to market,” said Dr. Schmid. “The SBDC @ UCI Applied Innovation can provide access to a wide network of specialized professionals to help the entrepreneurs, including the Orange County network of regulatory professionals who can help entrepreneurs plan their path through the regulatory process.”

Dr. Schmid brings more than 20 years of experience in the life science and small business technology industries and has held a variety of impressive leadership roles in bioinformatics, pharmaceuticals and health technologies, as well as the entrepreneurial space. She has also published several patents and publications. She was Vice President of Life and Health Technologies at ieCrowd, a global community of innovators where she coached Olfactor Laboratories, Inc. staff to transform novel vector control products into commercially viable technologies.

She was also Senior Vice President of Preclinical Programs at Affinium Pharmaceuticals, Inc. in Toronto, Canada, where she managed several multi-million dollar technical projects, including a three-year $15 million discovery-stage collaboration with Pfizer.

In addition to Applied Innovation’s successful SBDC program, Dr. Schmid currently serves as an Entrepreneur-in-Residence for Alfred Mann Institute of Bioengineering at USC. She also has been an adjunct professor for USC Marshall School of Business’s Lloyd Greif Center for Entrepreneurial Studies, and UCLA’s Anderson School of Management.

Dr. Schmid earned her Ph.D. in Biology at the University of Utah and worked as a research fellow at the University of Oregon.
Please join me in welcoming Dr. Schmid to her new role.

Julie Cranston
SBDC Director

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