Co-founded by Peace Nobel Laureate Prof. Muhammad Yunus, Yunus Social Business (YSB) initiates and manages incubator funds for social businesses in developing countries across the world. While the incubators search, select and develop social businesses, the funds provide loans and equity (between 50-350k USD) after a thorough due diligence process. YSB also provides advisory services to corporates, NGOs, foundations and governments. Its team of enthusiastic consulting, venture capital and development experts is based in Germany, with subsidiaries in Haiti, Brazil and Albania.
Jointly with the African Development Bank, YSB is currently expanding into Tunisia, Togo and Uganda, where it plans to initiate a Holistic Social Business Movement Program. The aim of this program is to:
Promote social business initiatives in these countries through building of capacities for relevant stakeholders, including local development agencies, government agencies, representative Civil Society Organizations, locally based microfinance institutions or NGOs, and potential youth social business entrepreneurs, to be familiarized with social business vision, mode and requirements.
Set up incubator funds in order to invest in Social Businesses which generate direct impact on youth entrepreneurship and youth employment in poor areas, focusing on gender, environment, green energy, and rural agriculture and non-agriculture businesses.
Focus on YSB Tunisia
The Holistic Business Movement Program in Tunisia has been launched in July 2013. YSB Tunisia will invest in Social Businesses in equity and/or other financial instruments.
The development of the Program in Tunisia is designed as follows:
The Pilot phase (mid September-October 2013) which aims at supporting and investing in the first Social Business projects in Tunisia
The Accelerator Program phase (starting January 2014-). To support the development of the Program in Tunisia, YSB Tunisia has adopted an innovative approach to identify and select investees with the launch of the first Accelerator for Social Businesses, through its Social Business Incubator. Starting in January 2014, YSB Tunisia will open an application process to select up to ten entrepreneurs that will enter in the two-month Accelerator Program. Selected entrepreneurs will receive intensive capacity building support during an intensive top-notch mentorship and training program (consulting, coaching & network-building for Social Business projects) with the view to present their projects to the Investment Committees.
We are looking for volunteers to join us from March to May 2014 to work on the Accelerator Program phase in Tunisia.
You will be based in Tunis, Tunisia. Reporting to the Country Director and working with the Accelerator Program Manager, you will:
Participate in the execution of the Accelerator program
o Assist two entrepreneurs of the Program in the elaboration of their business plans (interviews, visits on the ground, workshops, preparation of the Investment Committee presentation)
o Conduct designed workshops and trainings for the pool of selected entrepreneurs (leadership, business plan, financial planning and modeling, oral and written communication, stress management, etc.)
o Help design, organize and participate to team building events
o Help conduct an overall assessment session of the Program (interviews, surveys) and make improvement proposals
o Contribute to the continuous improvement of the Accelerator reporting and tracking tools
Participate in other YSB activities such as social business advisory services for corporate clients, NGOs and entrepreneurs, or help improve the strategy & operations of existing social businesses.
Help develop intellectual capital on social business, including for example by researching new BOP business models that can be implemented as social businesses.
Enjoy the dynamic working environment of a fast growing start-up company, with great scope for taking on significant responsibilities within projects and within the organization.
What we look for
Share YSB’s vision to serve society’s needs and have experience or a demonstrated interest in social issues (civil society, government...).
Have at least two years’ relevant professional experience, e.g. consulting, finance, professional services or international economic development.
Be familiar with the context of developing countries; experience in Tunisia or Arabic countries preferred.
Have demonstrated outstanding performance in their career and during their studies.
Are passionate and call things into question.
Are analytical, numerate, organized, efficient, thorough and show strong initiative.
Have high social competencies to meet the challenges of an international working environment and to work in teams.
Are fluent in English and French. Fluency in Arabic a plus.
Are available full-time for a minimum of 3 months.
Last but not least: have a good sense of humor and a positive outlook.
What we offer to you
A great opportunity to use your talent, skills and enthusiasm to help create social businesses with us – you will be surprised how similar to consulting and VC the tools and methodologies that we use are!
An exciting work environment with great scope for taking on significant responsibilities within projects and within the organization.
A lot of joy in all our projects and a friendly, young, international team.
A volunteer (unpaid) position, with the possibility to turn into full-time paid positions based on performance and project needs.