Job Description

Technical Support for IDB Lab on Designing & Structuring a Climate-focused Fund of Funds Platform Proposal Consultant (LAB/INV)

Location: Latin America and the Caribbean

About this position

IDB Lab is the innovation and venture laboratory of the Inter-American Development Bank Group. It mobilizes financing, knowledge, and connections to support entrepreneurs in catalyzing innovation to drive inclusion in Latin America and the Caribbean (LAC). IDB Lab believes that innovation is a powerful tool that can transform this region, as it provides unprecedented opportunities to solve long-standing problems preventing vulnerable populations from improving their quality of life.

The Investment Unit (INV) at IDB Lab is the unit responsible for originating and managing the portfolio of reimbursable operations (equity and debt). INV has a systemic role of filling key funding gaps, bridging key connections in different fields (e.g., public and private), and mobilizing key ecosystem resources to support specific ventures with outstanding socioeconomic or environmental impact potential. IDB Lab adds relevant value to those ventures during their business consolidation and expansion. It fosters their impact towards solving some of the most pressing development and inclusion challenges of different sectors in LAC (Fintech, Edtech, Healthtech, Agtech/Biotech, ClimaTech, etc.).

INV is looking for a consultant to (i) support IDB Lab in designing a fund of funds platform to invest in funds with a climate thesis that will catalyze innovation for climate action across LAC for a more resilient, low-carbon, and sustainable future, aligned to the targets of COP21 Paris Agreement and the UN SDGs and (ii) prepare funding proposals for potential partners including GEF and GCF, among other investors, to raise funds for execution.

What you’ll do:

The consultancy will undertake the following key activities:

Market and Ecosystem Analysis, including:

o Leading global trends: Analyze and provide an overview of leading global trends and initiatives around innovation for climate action and the investment industry that are (i) aligned to IDB Lab’s mandate and focus on innovation for inclusion, (ii) relevant to the LAC region, and (iii) aligned with GEF,GCF, and other climate related potential partner's priorities.

o LAC opportunity analysis: Based on the above, identify core opportunities for climate action and VC funds that will help to enhance/refine IDB Lab’s proposed platform . This will include mapping of Nationally Determined Contributions (NDC) and Long-Term Strategies (LTS), vital economic sectors/industries with the most significant potential for purpose-driven climate tech innovation.

o Catalyzing Resources: Identify leading public agencies and bilateral donors interested in the highest-risk investment tranches that could be potential investors in the platform. Define strategic entry points for collaboration based on strategic priorities and risk-reward profiles suitable to lock in mutual interest and traction.

Platform - Structure, Pitch Deck, and Overview including:

The consultancy will undertake the following key activities:

Market and Ecosystem Analysis, including:

Platform - Structure, Pitch Deck, and Overview including:

o Structure: Based on the above, define the platform’s objective, structure, governance, and justification of its importance with supporting evidence, and outline potential investors (public agencies and bilateral donors).

o Project Documentation: Prepare strategic documents related to the project approval.

o Overview of the Proposal: a 2-page summary to enable early engagement and feedback with potential climate partners such as GEF and GCF.

o Pitch Deck: Develop a versatile complementary Pitch Deck to facilitate engagement with institutional investors, and potential partners Nationally Designated Authorities (NDAs)[1] and obtain co-financing commitments from public agencies and bilateral donors for scale.

o Other documents: Prepare other documentation related to additional institutional investors requirements.

GEF Project Identification Form[1]: Prepare and complete the latest GEF Project Identification Form using as input the previous bullets and including context and baseline. Related documents or annexes to this document must be prepared as part of the deliverables.
GCF Concept Note: Prepare and complete the latest GCF Concept Note[2], using as input the previous bullets and including context and baseline; description; expected performance against GCF investment criteria; engagement among the GCF’s NDAs Accredited Entities[1], and other relevant stakeholders; indicative financing/cost information; brief rationale for GCF involvement and exit strategy; sustainability and replicability of the project; risk analysis; multi-stakeholder engagement; and other supporting documents for the concept note required by the GCF.

Deliverables and Payments Timeline:

The consultant will submit the following deliverables:

The Inception Report should include the general methodology, work plan, and detailed timetable for the consultancy development
The Market and Ecosystem Analysis should include an analysis of leading global trends, LAC opportunity analysis, and catalyzing resources (see previous section
The Platform Structure, Pitch Deck, and Overview should be developed based on the findings in the previous section. The platform’s structure, objective, and justification of its importance should be defined with supporting evidence and potential investors (public agencies and bilateral donors). This report should include a versatile Pitch Deck and a 2–5-page Overview (see previous section).
The GEF Project Identification Form and related documents.
The GCF Concept Note should include the documents detailed in the previous section
The final reports are expected to be in English. All reports will be delivered as follows: (i) The relevant electronic files in MS Word, Excel, or other application acceptable to the IDB (must include all annexes and appendices), and (ii) an electronic PDF file for each full report. These reports and electronic files should be delivered to the project supervisors within time limits.

Payments for the consulting services will be specified in the contract and made upon approval by the Bank of the following:

Deliverable #	Percentage	Planned Date to Submit
Inception Report	5%	In week 3 after the start of contract
Market and Ecosystem Analysis	10%	In month 2 after the start of contract
Platform – Structure, Pitch Deck, and Overview	20%	In month 3 after the start of contract
GEF Project Identification Form (first draft)	15%	In month 4 after the start of contract
GCF Concept Note (first draft)	15%	In month 4 after the start of contract
GEF and GCF documents (final versions)	25%	In month 5 after the start of contract
End of the Contract	10%	In month 7 after the start of contract

What you'll need

Education: Bachelor’s degree (or equivalent advanced degree) in Economics, Finance Business Administration, or other fields relevant to the responsibilities of the role.
Experience: At least five years of progressive experience with high-level expertise, a good understanding of the LAC entrepreneurial ecosystem, a proven track record in climate finance, resource mobilization, climate-tech innovation ecosystems, blended finance, and Venture Capital.
Languages: Proficiency in Spanish and English, spoken and written, is required. Additional knowledge of French and Portuguese is preferable.

Key skills:

Strong organization and writing skills.
Excellent analytical skills with strong attention to detail.
Ability to work effectively and efficiently under pressure.
Knowledge (ideally practical knowledge) of how venture capital and/or private equity funds operate is highly desirable.
Experience in the evaluation of projects sponsored by GEF, GCF or/and other similar entities is a plus.
A good understanding of the mission and operations of Inter-American Development Bank or other international development financial institutions.
The candidate should also be motivated and highly effective in a team environment.

Requirements:

Citizenship: You are a citizen of one of our 48-member countries.
Consanguinity: You have no family members (up to the fourth degree of consanguinity and second degree of affinity, including spouse) working at the IDB, IDB Invest, or IDB Lab.
Presentation of applications: as part of the application, interested candidates should include a list of projects/assignments/held positions similar to the one being presented describing, but not limited to, name of the client, date, project description, length of the project, and stakeholders.

Type of contract and duration:

Type of contract: Products and External Services Consultant (PEC), Lump Sum
Length of contract: 7 months
Work Location: Residence consultant.

What we offer

The IDB Group provides benefits that respond to the different needs and moments of an employee’s life. These benefits include:

A competitive compensation package.
A flexible way of working. You will be evaluated by deliverable.

Our culture

At the IDB Group, we work so everyone brings their best and authentic selves to work, willing to try new approaches without fear, and where they are accountable and rewarded for their actions.

Diversity, Equity, Inclusion and Belonging (DEIB) are at the center of our organization. We celebrate all dimensions of diversity and encourage women, LGBTQ+ people, persons with disabilities, Afro-descendants, and Indigenous people to apply.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job interview process. If you are a qualified candidate with a disability, please e-mail us at diversity@iadb.org to request reasonable accommodation to complete this application.

Our Human Resources Team reviews carefully every application.

About the IDB Group

The IDB Group, composed of the Inter-American Development Bank (IDB), IDB Invest, and the IDB Lab, offers flexible financing solutions to its member countries to finance economic and social development through lending and grants to public and private entities in Latin America and the Caribbean.

About IDB

We work to improve lives in Latin America and the Caribbean. Through financial and technical support for countries working to reduce poverty and inequality, we help improve health and education and advance infrastructure. Our aim is to achieve development in a sustainable, climate-friendly way. With a history dating back to 1959, today we are the leading source of development financing for Latin America and the Caribbean. We provide loans, grants, and technical assistance; and we conduct extensive research. We maintain a strong commitment to achieving measurable results and the highest standards of integrity, transparency, and accountability.

Follow us:

https://www.linkedin.com/company/inter-american-development-bank/

https://www.facebook.com/IADB.org

https://twitter.com/the_IDB

About IDB Lab

Is the innovation laboratory of the IDB Group. We mobilize financing, knowledge, and connections to drive innovation for inclusion in Latin America and the Caribbean. We believe innovation is a powerful tool that can transform our region, providing today unprecedented opportunities to populations that are vulnerable due to economic, social, or environmental factors. IDB Lab has a commitment to gender quality and diversity as part of its development mandate. The Strategy and Impact unit supports IDB Lab in the development of strategy, connections and knowledge, and impact measurement and reporting.

Follow us:

https://www.linkedin.com/company/idblab/

https://www.facebook.com/IDBLab

https://twitter.com/IDB_Lab

Additional Information