Head of Minerva BAN

Recruiter
University of Warwick Science Park
Location
Coventry
Salary
£50000 to £55000
Posted
30 Sep 2017
Closes
17 Oct 2017
Contract Type
Full Time
Following the retirement of the previous Head of Minerva Business Angel Network, the Science Park is now looking for a person to build on its enviable success and develop the network recognising the opportunities presented by the University, LEP, WMCA and Midland Engine amongst others. Details about the Client The University of Warwick Science Park Ltd is one of Europe's leading Science Parks involved in the start-up and development of knowledge based businesses. Minerva is its nationally recognised Angel Network that has been operating since 1993 with over £8.5m of investments made since 2010. Detailed Job Description The role of the Head of Minerva Business Angel Network is made up of two key elements. Firstly, curating propositions from companies to ensure they are of a quality and appropriate technology for the investor groups. Secondly, ensuring the investor groups are run in an engaging style with a flow of new active investors. Responsible for the development, day to day management and delivery of all the activities relating to the Network ensuring that the agreed objectives, outputs, outcomes and overall activity both remains FCA exempt and within University and Science Park regulation. Ensure the HNI/SI have sufficient knowledge and understanding of the processes and their commitment and liabilities as part of the Minerva network Ensure day to day paperwork and records are maintained for planning, audit and FCA purposes Identification, management and planning of suitable investment company opportunities Ensure there is a strong pipeline of pre-vetted suitable companies which can be presented to HNI through activities and communications including: Working with and promoting Minerva at an appropriate level with a range of organisations for example: Councils, LP's, Government bodies, Innovate UK, Universities, other funding groups, Professional bodies and groups. Acting as gatekeeper to the network. Review companies™ suitability following a vetting process, ensuring they can achieve the standards expected if enrolled, ensure documentation is both completed timely and understood. Help and advise companies on the presentation process and agree a timetable. Follow up with companies post presentation – with relevant feedback and if appropriate help facilitate investment mindful of FCA guidelines & limitations for a BAN. Work with the companies once invested; maintaining contact to look at future funding requirements so Minerva can help support this requ Candidate's Profile The Head of Minerva Business Angel Network will report to the Chief Operating Officer. The successful candidate should be able to demonstrate the following: A thorough understanding of how small businesses operate (turnover from zero to £20m) and an understanding of the financial and innovation challenges faced by them. Proven ability to think critically, providing clear analysis and diagnosis and able to convincingly describe and present a range of options quickly and within context. Ability to decide on suitability of companies for Angel investment and if additional resources / specialists are required to assess the opportunities (to include the Investor network). Effective networking and partnership skills including an ability to influence and negotiate outcomes and new working relationships. Ability to interpret data Applicants should be able to demonstrate proven skills in leading similar networks, an in-depth understanding of funding challenges for early stage/small businesses and a thorough knowledge ofAccess to Finance combined with the gravitas to effectively manage investors/HNIs. If you have a background in early stage business investing, whether through banking, investment, or as a successful serial entrepreneur and you are looking to use those skills to do something a little different and of value to the innovation led small business community, then this role could be for you. What's on offer Salary £50000 to £55000 Exceptional Benefits including those of the University. Excellent holidays + statutory Interested? Please send your CV and a covering letter explaining how you meet the Role requirements Where specific UK qualifications are required we will take into account overseas equivalents. All third party applications will be forwarded to Michael Page. Ref Code: MPCY13852289Z