Role: Food/Ag Tech Impact Investing Fund Design Fellowship
Location: Remote (pro bono, cannot provide per diem or cover other expenses)
Timing: Two/Three months starting in/around January
Language: Fluent English (a must), Spanish/French/Portuguese (a plus)
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
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.
For more information, see our website here: https://www.technoserve.org/work-with-us/fellows-program/