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Organization: CrossBoundary
Country: Kenya
City: Nairobi
Office: CrossBoundary in Nairobi, Kenya
CrossBoundary Innovation Lab
About the Firm
Founded in 2011, CrossBoundary is a mission-driven investment firm committed to unlocking the power of capital to make a substantial return while creating a lasting difference in frontier markets. We take a transaction-centered approach to frontier markets. CrossBoundary provides investment advisory services, having developed a specialized expertise in unleashing investment across all sectors in fragile and frontier markets. Our advisory clients include governments, development finance institutions, private equity firms, Fortune 100 companies, and research institutions.
In 2017, CrossBoundary launched the first Mini-Grid Innovation Lab for Africa, a dedicated research and development fund for testing business model prototypes on mini-grids. Over 600 million people in Sub-Saharan Africa still lack access to electricity. CrossBoundary conservatively estimates that at least 100 million of these people are most cost effectively served by mini-grids today. The Innovation Lab is supporting the sector to become more commercially viable by trialing new business ideas with developers in the field and then sharing the results of these experiments with the sector.
The Lab has two objectives:
Improve the unit economics of mini-grids so that they are able to provide more power, to more people, at less cost.
Build the case for mini-grids so that government, investors, and donors can make decisions about how to best integrate mini-grids into the overall electrification mix in Africa.
Learn more about the Lab’s activities here.
Job Description
CrossBoundary’s Innovation Lab is recruiting a full-time Associate to support the Innovation Lab.
You will support the Innovation Lab’s work on two principal objectives. The first is working with mini-grid developers to identify and test innovative solutions to the mini-grid business model, managing an iterative process of piloting and refining ideas. Based on the results of these experiments, your second objective will focus on identifying the most successful solutions and working with developers and technology and industry partners to scale those innovations, thereby directly changing the mini-grid business model.
CrossBoundary is not a development firm and is not seeking typical development skills – the Innovation Lab will look to you for practical insights on how to improve the mini-grid business model to bring more power, to more people, at less cost.
Who We Are
CrossBoundary operates in frontier markets that also hold immense investment opportunities. The chosen candidate will play an important role in a unique team with the opportunity to make a large impact on bringing power to the 600 million people who don’t have power in Africa. Team members come from diverse backgrounds, but share a number of qualities: curiosity, humility, integrity, a drive for excellence, and a bias for action.
Who You Are
Self-starter who is passionate about creating lasting change in frontier markets
Interest in or willingness to learn about the off-grid energy sector
Belief that innovation is at the heart of finding solutions to the world’s biggest challenges
Willingness to take on new types of work, even without prior experience or direct supervision
Willingness to work and live in a sometimes-challenging environment
Primary Responsibilities
Project-manage field trials of innovative business model improvements across Africa
Work directly with mini-grid developers operating mini-grid sites across Africa to field test prototype innovations that might reduce cost or increase revenues
Lead workshops with mini-grid developers across the continent, to ideate new prototypes, solicit their feedback, and introduce them to technology and industry partners
Develop creative iterations to the most promising innovations, based on early findings of business model impact and hurdles developers face in implementation
Alongside the Lab Lead, oversee the deployment of $5M of R&D funding to mini-grid developers conducting iterative, cutting-edge trials to change the mini-grid business model
Alongside the Lab Lead, assess each innovation’s impact on the business model using the Lab’s unique dataset of over 550M data points on rural customer behaviour
Use the Lab’s financial model to evaluate the impact of each tested innovation on the mini-grid business model, incorporating analysis from the Lab Data Lead,
Partner with the Lab Data Lead to identify iterations with the largest potential to improve the business model based on the analysis conducted
Develop the tools and partnerships needed to enable developers to incorporate the most promising innovations into their day-to-day operations
Publish insights on the most promising innovations for the entire sector gained through the Lab’s data analysis, incorporating lessons learned from developers on the ground
Create commercial frameworks for mini-grid developers to partner with leading technology and industry partners
Build the business case for the most promising innovations tested by the Lab’s community of mini-grid developers
Manage and develop relationships with the leading institutions and companies in the energy access sector, including:
Mini-grid developers: 27+ leading private sector mini-grid developers across Africa
Technology partners: companies on the cutting edge of innovation in energy access
Industry partners: organizations building the sector and leading advocacy efforts, including the Africa Mini-Grid Developers Association and Power for All
Thought partners: top tier academic institutions conducting new research on off-grid energy, including University of Massachusetts Amherst and Duke University
Qualifications
Ideal candidate will have the following skills and qualifications:
Ability to think creatively to find innovative solutions to business model gaps
Excellent analytical ability and discipline; ability to think clearly, structure problems logically, and then design and implement solutions that focus on the core issues
Strong financial modelling skills; ability to build, understand and maintain financial models that test the impact of the innovations the Lab has deployed or is looking to deploy
Strong project management skills; ability to juggle and deliver a multitude of projects across contexts, geographies, and stakeholders
Strong communication skills; ability to distil complex findings into convincing, compelling messages and present results in a clear and simplified manner
Ability to coordinate diverse range of stakeholders in challenging environments
Required skills and qualifications:
Pre-MBA/Masters candidate with 2-4 years of work experience in high impact organizations
Experience in developing countries, and a technical background (preferred)
Location: Nairobi, Kenya
Equal Opportunity Employer
CrossBoundary is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to age, ancestry, colour, family or medical care leave, gender identity or expression, genetic information, marital status, medical condition, national origin, physical or mental disability, political affiliation, protected veteran status, race, religion, sex (including pregnancy), sexual orientation, or any other characteristic protected by applicable laws, regulations, and ordinances. We also consider qualified applicants regardless of criminal histories, consistent with legal requirements in the country where we operate. If you need assistance and/or a reasonable accommodation due to a disability during the application or the recruiting process, please send a request to our human.resources@crossboundary.com
NOTE: The recruiting organization, CrossBoundary, has not specified a closing date for this vacancy or continues to list jobs after their stated closing date. Because such positions may remain open, they are listed here until removed from the recruiting organization’s website. Click the button below to verify its current status.
website: https://crossboundary.applytojob.com/apply/YED5JltAu7/Innovation-Lab-Associate
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