I. Background and Project Purpose
Food demand is expected to increase anywhere between 59% to 98% by 2050 which will re-shape agricultural and food markets in ways we have not seen before. Increased food production and distribution may lead to significant consequences on the environment and, conversely, climate change–driven issues (water scarcity, rising global temperatures, extreme weather) will have severe long-term effects on crop yields and farmers’ livelihoods. Moreover, failing to meet food demand in each location will lead to severe negative social effects.
The new and growing Ag/Food tech start up sector can provide the required innovation(s) to alleviate these challenges. Food tech is defined as “the intersection between food and technology; the application of technology to improve agriculture and food production, the supply chain and the distribution channel”. However, promising food tech startups with a proven concept and regional/global potential (“scale ups”) based in developing countries face a gap in access to “smart capital” that is reducing its ability to realize its business and impact potential.
TechnoServe will design, fundraise and manage a pilot impact investment fund to fill this gap in selected emerging markets by leveraging on its access to relevant knowledge, networks and capital.
II. TechnoServe Fellow’s Role
The selected Fellow will design a TechnoServe’s pilot impact investing fund aimed at providing smart capital to Food tech “scale ups” in selected emerging markets. He/She will report to the Global Entrepreneurship Director and will receive support from multiple relevant senior members of TechnoServe staff.
The assignment will include two stages:
1) Targeting: the purpose of this stage is to analyze the relevant Food Tech start up and investing landscape in emerging markets to identify an attractive target market to position TechnoServe’s impact fund. The selected target market will be defined in terms of geography, industry, stage of business, size of investments, etc. and should represent a significant potential for TechnoServe to leverage on its strengths to unlock investments and ultimately impact and financial returns.
2) Fund Design. In this stage the fellow will design the pilot fund and develop a pitch deck that can be used to present the initiative to potential funders. The pitch deck will include, among others: an assessment of the gap in the target market, investment thesis (target investee/ fund value added/ expected financial and impact results, etc.), fund overview (fund size, number of investments, stage, investment size, industry/sector, location, target company ownership, etc.), deal sourcing strategy, investment process, fund model/structure (including fee structure), credentials of TechnoServe and partners among other relevant information.
- Draft and final Targeting deck
- Draft and final Fund design deck
IV. Skills & Requirements
The ideal candidate will have:
- Master degree in Business
- Strong VC/PE experience including fund design/management
- Strong experience in the food tech sector
- Working experience in USA or Europe and Emerging markets (Africa and/or Latin America)
- Strong analytical skills
- Strong presentation skills
- Passion for development
- Fluent in English (must), desired Spanish/French/Portuguese
As this is a pro bono consulting position, TechnoServe will not provide fees for the services completed.
TechnoServe is an Equal Opportunity Employer of Minorities, Females, Protected Veterans and Individuals with Disabilities.
TechnoServe is a nonprofit economic development organization founded in 1968 that works with enterprising people in the developing world to build competitive farms, businesses, and industries. Our programs develop the capacity of individuals and businesses, strengthen market systems, and facilitate the development of emerging industries that can serve as economic drivers in developing communities.
Our goal: to create sustainable economic growth that helps impoverished individuals improve their lives and secure a better future for their families.
TechnoServe has offices in nearly 30 countries across the United States, Latin America, Africa, and Southeast Asia, as well as in London.
About the TechnoServe Fellow’s Program:
This project is through the TechnoServe Fellows Program. Fellows take part in field-based projects ranging from 3 to 12 months in which they engage directly with entrepreneurs, industry experts, TechnoServe field staff, and other stakeholders.
Fellows have the opportunity to lead projects in areas such as business plan development, industry analysis and strategy, financial analysis, and capital raising. A typical project might be conducting an Industry Strategic Plan (ISP). ISPs are a standard part of our approach to assessing the potential competitiveness, opportunities, challenges and key success factors in a given sector at both the country and regional levels.
Read more about the program and sample projects here: https://www.technoserve.org/get-involved/fellows-program