Javier Saade is the US Small Business Administration’s Associate Administrator and leads its Office of Investment and Innovation (“OII”). OII houses the Small Business Investment Company (SBIC), Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs along with SBA’s Innovation Initiatives. He is part of the agency’s top executive leadership team. SBIC is a growth capital program with about $22.7 billion of assets under management spread across ~290 private-public partnerships comprised of private equity, venture capital and structured lending funds, making it the largest fund of funds focused on capitalizing American small businesses. With authorization to invest $4 billion annually, the program operates at a zero-subsidy cost to the American taxpayer. Further development of SBIC’s $1 billion Impact Investment Fund and Early Stage Initiative, is key to enhance capital flows to where investment gaps are widest. SBIR and STTR entail the government’s largest innovation effort focused on small business, effectively making the collective ~$2.5B/year the largest STEM seed funding pool in the world. Since inception, ~145k grants totaling ~$38B have been awarded to small firms that participate in federally funded R&D via 11 agencies and 100’s of research institutions. In addition to expanding the frontiers of human knowledge, a key end goal of the programs is to commercialize the resulting inventions. The programs touch, catalyze and seed the creation of STEM driven innovations in industries critical to the nation’s long term competitiveness and growth – from nanotech to robotics to mobile communications to genetic therapies to clean energy to advanced weapons to space exploration. OII’s Innovation Initiatives support entrepreneurs and their dynamic ecosystems and include Demo Days, StartUp University, Alternative Finance Paths & Tech policy and the $2.5m Growth Accelerator Contest among others. Key multiagency collaborations he leads on behalf of SBA include USPTO Fast-Track, Advanced Manufacturing, JOBS Act Education, Emerging & Diverse Asset Managers, Rural Investing, Social Innovation, and the Competitiveness Council.
Javier regularly works with staff at the White House’s Business Council, Domestic Policy Council, Office of Science and Technology Policy, Innovation Cohort and National Economic Council on issues that directly affect high growth small businesses across the country. He holds an observer seat on the SEC’s Advisory Committee on Small & Emerging Companies. He has over 20 years of global principal investing, general management, strategic consulting and entrepreneurial experience. He co-founded three companies in three different industries and has worked at an emerging market private equity firm, The GEM Group, a macro hedge fund, Bridgewater Associates, and a venture capital firm Paradigm Ventures LP. His foundational career years were spent at McKinsey & Company, Booz | Allen | Hamilton and Abbott Laboratories. Just prior to joining the administration, Javier was an advisor to two firms: Pacific Community Ventures, a $100 million double-bottom line venture capital firm in San Francisco and Aspen Grove Capital, a $1.3 billion family office in Vail. Javier holds an MBA from Harvard Business School, an MS in Operations & Technology from Illinois Institute of Technology, and a BS in Industrial Management & Manufacturing Engineering from Purdue University.