Short term consult...

Short term consultant - Supporting Design and Development of an Early Stage Innovation Financing Facility

DEADLINE: January 23, 2013
DEADLINE: January 23, 2013



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infoDev is seeking a Short Term Consultant (STC) to join the team in designing, developing, and implementing an access to early stage innovation financing facility (A2F) for high-potential entrepreneurs in the Caribbean. Application Deadline January 23, 2013

InfoDev is seeking a Short Term Consultant (STC) to join the team in designing, developing, and implementing an access to early stage innovation financing facility (A2F) for high-potential entrepreneurs in the Caribbean. The Consultant will work closely with the A2F Task Manager and team in setting up the program. This will include identifying, profiling, and engaging with potential regional and global partners, developing an understanding of deal flow in the region, formulating avenues for diaspora angel investors to connect with Caribbean entrepreneurs, developing a pitch book, and assisting in the design of a fund management platform, among other tasks. As needed, the consultant may be involved in a small selection of other activities within the wider Global Practice area of Innovation, Technology, and Entrepreneurship (ITE) within the Financial & Private Sector Development network (FPD) of the World Bank. Some travel may be required.


infoDev aims to promote the growth of technology enterprises to enhance sustainable inclusive growth, competitiveness, and jobs. It is a part of the Innovation, Technology and Entrepreneurship Global Practice of the Financial & Private Sector Development (FPD) Network at the World Bank. FPD aims to help developing country clients create new opportunities for investments and jobs by supporting the creation of a more efficient, more competitive and more creative private sector, supported by safer, deeper and broader financial markets. FPD has significantly expanded the range of its private sector development assistance by introducing new Global Practices, including one global practice focusing on Innovation, Technology and Entrepreneurship.

The Entrepreneurship Program for Innovation in the Caribbean (EPIC), is a 7-year program funded by the Canadian International Development Agency (CIDA) and implemented by infoDev. The program aims to create and grow competitive enterprises across the Caribbean and is structured around three components: Component 1 seeks to support and expand the Caribbean network of business enablers, including business incubation services for growth oriented enterprises in the fields of climate innovation and mobile innovation. Targeted support is also given to women led growth enterprises. Component 2 is focused upon skills
upgrading and capacity development for the innovation ecosystem players in the Caribbean. Component 3 aims to develop an innovative access to finance program for Caribbean entrepreneurs. This Terms of Reference relates to a Short Term Consultant required primarily to support activities under Component 3, although tasks in other areas may be necessary. 

Scope of Work 

The consultant will report to the A2F Task Manager and provide support to the team across an array of activities related to the establishment of an access to early stage innovation financing facility. Key areas of activity within this process will include components of: 

Developing a clear understanding of the Caribbean diaspora investment interests:
working with the team to conduct a detailed study of the business and investment interests, needs, opportunities and structure of the Caribbean diaspora in the United States, Canada and Europe.

Estimating and analyzing funding gaps for entrepreneurs in the Caribbean: developing a high-quality analysis on the general
availability of financing for Caribbean entrepreneurs. 

Identifying and profiling global partners: identifying and profiling partners at both the global, regional, and national scale to collaborate with EPIC either as co-financiers, technical partners, or implementation partners.

Authoring donor marketing materials: distill findings from the aforementioned activities along with analytical insights from
the A2F team in the context of bank operations into donor-facing operational and marketing documents.

Supporting the ITE Strategy Development process: providing support in the development of the ITE Global Practice strategy.

Other activities as necessary.

Selection Criteria

These Terms of Reference call for a dynamic, independent and highly-organized young professional with enthusiasm to learn and an ability to work effectively in fast-paced and multi-cultural teams. This young professional should have:

  • Excellent oral and written communications skills in English.
  • Strong quantitative and analytical skills to gather and organize information and resources, compile and prepare data, and synthesize knowledge from diverse sources of information.
  • Demonstrated ability to work flexibly on a range of assignments, and prioritize a variety of complex evolving tasks.
  • Demonstrated ability to manage multiple and competing demands while still paying attention to detail and ensuring high quality of products.
  • Demonstrated ability to work with teams. 
  • Proficiency in Microsoft Word, Excel, and PowerPoint. 
  • One year of professional experience in management consulting, finance, research, or other related fields.
  • Bachelor’s degree from top tier university.

Fees of the Consultant

The consultant will report to the Task Manager. The consultant will perform the work requested on a full-time basis during the eriod of February 1, 2013 through July 31, 2013. The consultant will be required to work in Washington, DC and will be compensated in line with World Bank rates commensurate to education and experience.


Cover letter and resume (in English) sent to by Sunday, January 23, 2013. The resume should include grade point average (GPA). The subject of the e-mail should be “Caribbean A2F 3 STC --- Last Name, First Name”, the text of the e-mail should be the cover letter and the file name should read “Last Name, First Name – resume”. All candidates should submit their application as described above. Selected candidates will be contacted on January 28th and asked to submit two pages of a recent piece of English writing.

In addition - Cover letters and resumes should be submitted on the World Bank's eConsult2 service and use selection number 1095041.

Questions about the position should be directed to Qahir Dhanani, A2F Task Manager, FIEEI Private Sector Development Specialist

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