If interested, please email your cover letter and CV with complete contact information to Richard Amato.
The University of Texas at Austin – IC2 Institute – Global Commercialization Group
World Bank Vietnam Climate Innovation Center South Africa (CICSA) Support
Terms of Reference
Position: Climate Innovation Centre South Africa (CICSA) In-Country Consultant
Working Duration: Start asap for time necessary to complete (projected 2 to 4 months)
Time Commitment: Part-time as necessary
Location: Pretoria, South Africa
Budget allocated: $8,000 (USD)
The Global Commercialization Group (GCG) at the IC2 Institute (IC2) at The University of Texas at Austin is working with the World Bank’s Climate Technology Program (CTP) to support the development of several Climate Innovation Centers (CICs) within their CIC Network. The CIC Network consists of seven CICs established around the world to support growth oriented, clean tech entrepreneurs through a suite of services and grants. The Climate Innovation Center South Africa (CICSA) is one of those CICs being supported.
The CICSA is a component of The Innovation Hub, which was founded in 2001 by the Gauteng Provincial Government as a subsidiary of the Gauteng Growth and Development Agency (GGDA) to create initiatives that support innovation and development. CICSA was established in 2014 in partnership with the World Bank’s InfoDev unit with the mandate of supporting innovators, entrepreneurs and small and medium enterprises in developing cutting edge technologies and business models that provide climate change and sustainable environmental solutions addressing local challenges. Climate technology-related main focus areas addressed include: renewable energy, sanitation, zero-waste and water security amongst others. The support provided is achieved through a suite of services, including training, technical and business advisory, access to finance and policy advocacy/advisory services.
In order to expand its operations beyond the Gauteng province, CICSA secured additional financial support over the last several years from the Department of Environmental Affairs (DEA)’s Green Fund administered by the Development Bank of Southern Africa (DBSA) to the value of R15,000,000. This funding enabled CICSA to develop a hub and spoke model – the hub being located at The Innovation Hub in Gauteng and the spokes in other provinces operated by CICSA partners. Of the funding received, 60% was disbursed to a total of 16 start-ups as proof of concept grants which proved to be a catalytic enabler for the companies who benefitted with 70 to 80% receiving funding and moving towards commercialization.
The DBSA funding came to an end in March 2017 and additional funding is critical if CICSA is to continue its outreach beyond Gaetung and further increase its influence and impact. To this end, it is essential that a funding strategy be developed and implemented to guide their efforts in attracting more funding.
Scope & Responsibilities
IC2 is looking for a fund-raising specialist to be located in Pretoria, South Africa to support our efforts in the program as we work with the World Bank and CICSA to develop and implement a new funding strategy for CICSA. The specialist will report jointly to Richard Amato, Program Manager IC2, and Gracia Munganga, Senior Manager CICSA, and work closely with both of them and the CICSA team to accomplish the following major tasks in support of CICSA:
- Develop a fund raising strategy for CICSA to secure new funds to support its national objectives and continue to increase its outreach not just in the Gauteng province, but throughout South Africa
- Identify sources of funding applicable to CICSA, both public and private sector, within the limitations afforded, to build out a network of funding sources, both local and global
- Originate contact with those sources to introduce CICSA, including developing any proposals, grant submittals or other documentation as necessary
- Support CICSA in closing fund raising opportunities with those sources (a success fee may be included as part of the contract)1
- In addition to funding sources, identify, originate and close any sources of in-kind support relevant to CICSA and their resource needs, including any support relevant to their innovators/member companies
- Support CICSA in building in-house capacity for further fund raising efforts, again both relevant to CICSA and their innovators/member companies, including any training and/or documentation (i.e. templates/forms, standard operating procedures, financial statements, etc.) needed
- Develop a report on the outcomes and lessons learned from these activities, suggesting recommendations on areas of improvement, as well as on whether similar activities could be replicated in other countries in the region
- Regular update calls with Program Manager and CICSA/World Bank staff regarding progress
- Other tasks as identified
- Masters degree in Business Administration (MBA) or equivalent experience in relevant discipline plus a minimum of eight years work experience
- Knowledge of and deep network of South Africa financial ecosystem, including both private and public sector sources, with preference for those funders focused on social impact/climate change
- Expertise in fund raising and financial planning/management
- Knowledge of appropriate SME support mechanisms, including incubators/accelerators, access to finance, public policies, and linkages and eco-systems for sustainable enterprises
- Knowledge of the entrepreneurial cycle, including taking technologies from concept to commercialization, with a preference for experience in the clean/climate technology sector
- Experience and understanding of incubation/innovation and innovation systems in South Africa preferred, including South Africa’s technology market and technology transfers
- Effective communication skills
- Ability and willingness to work under tight deadlines and on urgent tasks in complex, multi-cultural teams
1 This would be confirmed by the CICSA based on TIH governing rules
References document to be supplied by CICSA
DBSA close out report
Draft strategy 2018-2022 Climate Innovation Centre South Africa (CICSA)