Job description
Company Overview
Palladium is a global leader in the design, development and delivery of Positive Impact - the intentional creation of enduring social and economic value. We work with foundations, investors, governments, corporations, communities and civil society to formulate strategies and implement solutions that generate lasting social, environmental and financial benefits.
For the past 50 years, we have been making Positive Impact possible. With a team of more than 2,500 employees operating in 90 plus countries and a global network of more than 35,000 technical experts, Palladium has improved - and is committed to continuing to improve - economies, societies and most importantly, people's lives.
Palladium is a child-safe organisation, and screens applicants for suitability to work with children. We also provide equal employment to all participants and employees without regard to race, color, religion, gender, age, disability, sexual orientation, veteran or marital status.
SPRING is a pioneering accelerator working with early, growth stage and mature businesses to develop products and/or services that can transform the lives of girls aged 10-19 across East Africa and South Asia. We work with world-class experts using Human-Centered Design (HCD) to support these businesses to create innovations with purpose and shared value. Our 5 year programme is funded by DFID, the Nike Foundation, USAID and DFAT.
SPRING businesses receive nine months of world-class HCD, research, investment readiness support and more for each diverse cohort of 20 enterprises from a specific region. In return, businesses commit to launch a market-oriented innovation that meets the needs of adolescent girls (and have it tested with them) and supports the core operations of the businesses to enable sustainability, viability, and scalability.
Expected Results: Over the five years, the programme aims to support up to 88 businesses in eight countries and is expected to deliver the following results by 2019:
Outline of Position
Palladium is seeking a part time consultant to take on the position of Investment Readiness Manager for SPRING Accelerator programme in East Africa. As the Local Investment Readiness, you will be supporting the delivery of Stream 2: Local Investment Readiness Support of SPRING?s Capital Raising Support. You will broker and facilitate the engagement between selected SPRING ventures that are investment-ready and the Local Capital Advisors who will lead the ventures through the deal process to secure capital (either local or global).
Please note: this role is a part time consultancy working 5-7 days per month (25%-30%). The successful candidate will be based in East Africa (either Kenya, Tanzania, Rwanda, Uganda or Ethiopia) and able to travel across the region regularly.
Relevant Background to the Position
About
We also know more about the challenges that arise in either resourcing or timing toward three of the longer-range ambitions of SPRING
Based on programme delivery to date, we now know more about what our highest-potential businesses need beyond funding and SPRING.s current activities to launch their prototypes in market.
Activity 1: Go-To-Market Business Assistance Fund (BAF)
The BAF provides additional Technical Assistance to selected SPRING ventures to unlock greater commercial success to support.
Activity 2: Capital Raising Support
Capital raising support will cover several different activities ranging from basic financial support for businesses to attend impact investment conferences, to end-to-end support during a deal process.
Key Responsibilities, Duties and Tasks
Person Specification
Project Overview And Role
- Delivery of grantee?s products that enhance the economic outcomes of up to 200,000 girls.
- Improved grantee business performance e.g. new market entry
- An enhanced strategic evidence base to inform future girl programming and attract donor, government and private sector investment
- Effective communication and dissemination of evidence gathered.
- Attracting investment to SPRING companies;
- Increasing sales from girl focused products or services; and
- Producing evidence backed learning with the goal of stimulating the ecosystem.
- Stream 1: Conferences Fee Subsidy - Provision of core financial support to those businesses who would benefit from attendance, networking, and profile raising at specific impact investment conferences, and investor meetings, regionally or globally.
- Stream 2: Investment Readiness Support - Provision of regional support to advise selected SPRING businesses on all needed aspects of capital raising (including the end-to-end deal process)
- Stream 3: Investor Guide Toolkit - Provide impact investors with guidance and tools for investing in girls, including a set of metrics, using SPRING?s approach to developing a girl-impact Theory of Change.
- Support a select portfolio of most promising ventures to refine their investment proposition, including executive summaries, pitch decks, financial models, and diligence documents, to share with the Local Capital Advisor.
- Support the ventures to improve their understanding of how to tell their story to investors, as well as about the investment process.
- Broker introductions to investors.
- Broker ongoing engagement and collaboration between the SPRING ventures and Local Capital Advisor as required.
- Provide guidance on capital raising issues and opportunities, with support from others
- Engage and collaborate regularly with the Local Capital Advisors, SPRING?s Investment Director and SPRING?s Programme Manager to ensure updates and developments are captured and shared, and that any issues are flagged as early as possible to address them in a timely manner
- A Bachelor?s degree in relevant field
- It is expected that those in this role will bring expertise in their field, knowledge of their market and their understanding of the existing SPRING ventures.
- Experience in capital raising is required.
- The ability to work well with both investors and entrepreneurs.
- Self-sufficient, capable of setting own work strategies and of working with minimal guidance, actively seeking information from internal or external sources as required.
- Experience working with teams with diverse backgrounds and across geographical locations
- Excellent written and oral communications skills
- Ability and willingness to travel internationally
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