Project Manager Impact Venture Accelerator

Location : Yerevan, ARMENIA
Application Deadline :21-Aug-17 (Midnight New York, USA)
Additional Category :Sustainable Development and Poverty Reduction
Type of Contract :Individual Contract
Post Level :National Consultant
Languages Required :
Starting Date :
(date when the selected candidate is expected to start)
Duration of Initial Contract :Up to 180 working days within 9 months

UNDP is committed to achieving workforce diversity in terms of gender, nationality and culture. Individuals from minority groups, indigenous groups and persons with disabilities are equally encouraged to apply. All applications will be treated with the strictest confidence.

UNDP does not tolerate sexual exploitation and abuse, any kind of harassment, including sexual harassment, and discrimination. All selected candidates will, therefore, undergo rigorous reference and background checks.


UNDP Armenia is working to advance the use of impact investment tools for development. In particular UNDP Armenia office is focusing on several initiatives under the concept of Impact Investment for Development Platform. More specifically these include structuring and putting in operations an impact venture accelerator, impact fund and introducing pay-for-performance schemes (e.g. social impact bond) for impact projects. The PM will be part of impact investment team that focused efforts on the above mentioned initiatives, will work under direct supervision of the Senior Adviser and in close cooperation with Kolba Lab team, other teams of UNDP Armenia, and the counterpart institutions/organizations.

Duties and Responsibilities

The duties and responsibilities of the Project Manager will include:

Project Management Activities

  • Coordinate and lead activities under the project scopes and targeting project objectives.
  • Contribute in developing a detailed project plan to track progress of IVA.
  • Ensure that project deliverables are completed on-time, within scope and budget.
  • Measure project performance using appropriate systems, tools and techniques
  • Report and escalate to management as needed; create and maintain comprehensive project documentation
  • Manage the relationship with all stakeholders of the impact accelerator (impact ventures, mentors, business angles, investors etc.). Maintain  relationships with third parties

Program development activities

  • Contribute to development of proposals, prospects and presentation materials for the impact accelerator, investment fund and other IIV initiatives;
  • Work on compiling set of planning documents (strategy, operations plan, deal flow)
  • Help in structuring a range of activities directed at identifying and supporting impact ventures
  • Lead calls, solicitation and screening for impact ideas, start-up projects and ventures for support under various IIV formats. 
  • Contribute to development of  training and mentoring  program; assist in the matching process between advisors and entrepreneurs
  • Participate in the acceleration activities by providing strategy consulting to social ventures in areas such as business model, client acquisition, overall strategy, financing, fundraising, market research, operations, contract negotiations, etc.

Research activities

  • Research impact investment trends, related thematic areas in alterative finance, financial instruments, impact venture business models, impact assessment and reporting approaches.
  • Work adapting impact assessment methodologies to the requirements of specific projects and connect them with SDG framework.
  • Research on modalities international development organizations have been involved with social enterprises and impact investments.
  • Compiling database of prospective both institutional and individual investors and donors interested in funding social enterprises under various schemes. 

Expand rapport with the sector stakeholders

  • Through social media, personal and professional network to communicate with impact investment and social entrepreneurship sector players (entrepreneurs,  investors, donors, related NGOs and  government reps, international organizations) on the initiatives of UNDP in the context of forming productive partnerships on the above mentioned  initiatives.  


  • Passion for social innovation, entrepreneurship, impact investments
  • Knowledge of major impact investment  developments, emerging markets and development economies will be a strong asset;
  • Experience and understanding of policy, advocacy, evaluation, business, and finance
  • Strong project management skills (organization and implementation)
  • Excellent quantitative and analytical skills
  • Ability to work under the pressure, with minimum supervision and on-distance;
  • Demonstrated initiative, tact and high sense of responsibility and discretion;
  • Strong teamwork skills;
  • Excellent communication skills, written and oral;
  • Strong computer literacy and proficiency in MS Office (MS Word, Excel, etc.);

Required Skills and Experience


  • Master’s Degree in business administration, economics, finance, international development;


  • At least 3 years of Experience in working in the domains of Social Entrepreneurship; or Innovation; or Venture Capital, or Private Equity, or Impact Investment, or Project Incubation & Acceleration, or Project Finance;
  • Experience in the fields of fundraising, business and economic research as well as working in SME environment and understanding the issues and challenges facing SMEs is  strong assets


  • Proficiency in written and spoken English and Armenian. Knowledge of Russian is highly desirable.



Candidates will be evaluated using a cumulative analysis method taking into consideration the combination of the applicants' technical qualifications,  experience and financial proposal. The contract will be awarded to the individual consultant whose offer has been evaluated and determined as:

  • Technically responsive/compliant/acceptable to the requirements of the ToR;
  • Having received the highest cumulative (technical and financial) score out of below defined technical and financial criteria.
  • Only candidates obtaining a minimum of 70 points in the technical evaluation would be considered for financial evaluation.

Technical Criteria - 70% of total evaluation - max. 100 points

  • Criteria A – Master’s Degree in business administration, economics, finance, international development  - max. 10 points;
  • Criteria B – Experience in working in the domains of Social Entrepreneurship or Innovation or Venture Capital, or Private Equity, or Impact Investment, Project Incubation & Acceleration, or Project Finance - max. 15 points;
  • Criteria C - Experience in the fields of fundraising, business and economic research as well as working in SME environment and understanding the issues and challenges facing SMEs – max. 15 points;
  • Criteria D-  Experience and understanding of policy, advocacy, evaluation, business, and finance - max. 10 points;
  • Criteria E – Knowledge of English, Armenian and Russian- max. 10 points;
  • Criteria F - Interview– max. 40 points;

Financial Criteria - 30% of total evaluation - max. 30 points.
The maximum number of points assigned to the financial proposal is allocated to the lowest price proposal. All other price proposals receive points in inverse proportion.

Payment terms

The contractor will be paid on a monthly basis for the number of days worked (up to a maximum of 20 days per month).  For payment, certification of satisfactory performance and completed timesheets for each month are required.   Evaluation of the outputs is the responsibility of the Senior Adviser .


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