VILLGRO INNOVATIONS FOUNDATION
Previously known as Rural Innovations Network, Villgro Innovations Foundation was established in 2001 by its founder, Paul Basil, to empower rural development by identifying and incubating innovations that positively impact the rural poor. Since its inception Villgro has identified over 1,500 innovators, funded over 40 start-ups, touched over 350,000 lives and created social returns of ~$5 million.
Villgro is establishing a fund management company with the aim to raise and invest funds in social enterprises in order to scale sustainable business practices that benefit the poor while encouraging their participation and growth in the economy.
The fund aims to bridge the gap in financing encountered by very early stage enterprises that have outgrown their startup capital but are not able to attract the attention of mainstream venture capital despite being poised for growth. The fund will maintain a strong rural oriented outlook with a focus on agriculture, energy and livelihoods generation amongst other sectors, and will place a strong emphasis on supporting technology and service innovations.
JOB POSITION
Chief Executive Officer, Villgro Ventures Pvt. ltd.
Villgro Innovations Foundation invites applications from highly driven individuals to spearhead and direct the creation of a proposed fund management entity "Villgro Ventures Pvt Ltd" and engage in the raising and execution of it's first fund "Villgro Fund for Innovation and Rural Enterprise – V.FIRE"
Reporting to the Board of Directors, this role will initially revolve around the establishment and registration of the fund vehicle and the fund itself and later drive growth and profitability by providing direction in the execution of strategies in order to achieve Villgro venture fund's social and business targets.
DUTIES AND RESPONSIBILITIES
Fund Raising and Fund Vehicle Establishment
- Utilize the infrastructure of Villgro Innovations Foundation to establish, register and market the proposed Villgro venture fund vehicle;
- Lead the ongoing fund raising activities.
Fund Management and Leadership
- Direct, develop and execute policies and strategies aligned with the fund's social and business objectives;
- Ensure portfolios are managed effectively and in line with their respective investment guidelines and in compliance with all regulatory/legal requirements
;
- Oversee the development of investment vehicles company research and portfolio construction
;
- Oversee development of client base through marketing efforts; advise existing and prospective clients on the fund's range of investment products.
Team Building and Operations Management
- Build his/her own team;
- Manage a professional team including performance , career development, retention and other employee development initiatives;
- Prepare regular reports on investment performance, highlighting effectiveness and future plans.
CANDIDATE PROFILE AND QUALIFICATIONS
- Proven fund management/direct investment experience;
- An existing network in which to raise the fund, preferably in one or more financial markets, including India;
- Strong leadership and management skills;
- A master's degree, preferably in Finance/Accountancy /Business/Economics/ an Agro-focused or engineering discipline or equivalent with significant experience in dealing with innovation, agriculture and social investments;
- Minimum of 10-12 years working experience where at least 5 years work experience in a managerial position in an established investment bank, capital management or asset management company, or micro finance fund. Alternatively, the candidate should have a mix of experience in establishing and managing an enterprise combined with direct involvement in finance, investments or fund management, totalling 10-12 years.
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