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 , 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 that at least 100 million of these people are most cost effectively served by mini-grids today.
The to become more commercially viable by trialing new business ideas with developers in the field and then 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 .
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
Project-manage field trials of innovative business model improvements across AfricaWork directly with mini-grid developers operating mini-grid sites across Africa to field test prototype innovations that might reduce cost or increase revenuesLead quarterly workshops with mini-grid developers across the continent, to ideate new prototypes, solicit their feedback, and introduce them to technology and industry partnersDevelop creative iterations to the most promising innovations, based on early findings of business model impact and hurdles developers face in implementationAlongside the Lab Lead, oversee the deployment of $2.
2M 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 behaviorUse 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 operationsPublish how to guides on the most promising innovations for the entire sector, incorporating lessons learned from developers on the ground and insights gained through the Lab’s data analysisCreate commercial frameworks for mini-grid developers to partner with leading technology and industry partnersBuild 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 : 18 leading private sector mini-grid developers across AfricaTechnology partners : companies on the cutting edge of innovation in energy access, such as Angaza and ZOLA ElectricIndustry partners : organizations building the sector and leading advocacy efforts, including the Africa Mini-Grid Developers Association and Power for AllThought partners : top tier academic institutions conducting new research on off-grid energy, including University of Massachusetts Amherst and Duke University
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 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)
Equal Opportunity Employer
CrossBoundary is an equal opportunity employer