Posted on :
10 Oct, 2016
10 Oct, 2016
Accion Venture Lab is a global seed-stage investment initiative that supports early-stage financial inclusion enterprises, catalyzing innovation in financial inclusion and enhancing the way financial services are delivered to the poor. Venture Lab focuses on companies that are post-R&D but have not yet proved their concept or achieved meaningful revenue traction, filling the support void for seed-stage companies. For more information on Accion Venture Lab, please refer to our website or download our Information Sheet.
In addition to our investing work, Venture Lab is developing a “company builder” program that will identify proven fintech business models and will recruit strong local talent to build businesses and run companies. Venture Lab would also bring its market knowledge and strong technical and managerial expertise to support these companies, helping them to grow and to secure additional funding. The combination of services would improve the quality of and access to financial services for new and underserved markets, catalyze others to innovate, and generate seed-stage opportunities for impact investors. To learn more about company builder, please read our blog post.
Job Title: Program Associate
We are currently recruiting a Program Associate, who will be based in West Africa (Accra or Lagos). S/he will report to the Senior Investment Officer of Africa for Venture Lab and will support all aspects of developing and launching the company builder program, including validating market opportunities and business models, identifying and recruiting founders, defining the nature and structure of Venture Lab’s support, and providing that support as needed. The role will be highly entrepreneurial, spanning entrepreneurship and consulting/management with a focus on cutting edge innovation in financial inclusion.
We are particularly interested in candidates with experience living and working in West Africa, working in management consulting, social enterprises or financial inclusion, and technology businesses. We are looking for someone available to start by November 2016.
Model validation: Provide support on the identification and assessment of new market opportunities, including validating key financial service needs in the market, exploring potential business models, and conducting background research and interviews.
Startup support: Provide support to new founder(s) and business(es), including (as applicable) financial modeling, relationship building, strategy, MVP development, pilot execution, fundraising, and leveraging Accion resources to benefit the team.
Program design: Assist with the overall design and implementation of the company builder initiative, including defining the nature of Accion’s support on-the-ground, supporting relationship-building efforts, and liaising with internal and external partners on matters such as financial reporting, budgeting, legal compliance, and HR.
Knowledge Sharing: Research and development of thought pieces around key themes or sectors, sharing learnings within Accion and via blogs / social media.