Venture Development Officer

ABOUT THE ROLE




• The Venture Development Officer will support the development and growth of health innovations, start-ups and entrepreneurial ventures within the Health Innovation Hub. The role will help innovators translate ideas, research outputs and prototypes into viable, market-oriented and sustainable ventures, with a focus on business modelling, market validation, customer development, financial viability, commercialization and venture growth.



PRINCIPAL RESPONSIBILITIES


Venture Development




• Support innovators and start-ups to develop viable business models and growth strategies.


• Provide business advisory and practical support to ventures.


• Support development of business plans, value propositions and revenue models.


• Guide ventures from ideation and validation through market entry and growth.



Market and Customer Development




• Support market research and validation of health innovations.


• Help ventures identify customers, users and market opportunities.


• Support customer acquisition, sales and market-entry strategies.


• Facilitate linkages between ventures and potential customers, healthcare organizations and industry.



Financial & Commercial Advisory




• Support basic financial modelling, costing, pricing and revenue planning.


• Help innovators assess the commercial viability and sustainability of their ventures.


• Provide basic financial literacy and business management guidance.


• Support preparation of business and investment-readiness materials.



Commercialization & Venture Growth




• Support the transition of innovations from prototype to market-ready solutions.


• Develop commercialization and growth strategies with innovators.


• Identify opportunities for adoption, scale and market expansion.


• Track and support the growth of ventures within the Hub.



Incubation & Mentorship




• Support incubation, acceleration, innovation challenges and entrepreneurship programmes.


• Mentor students, innovators and entrepreneurs on business development.


• Coordinate business development workshops, venture clinics and pitch preparation.


• Support innovators to develop and present their ventures professionally.



Partnerships & Ecosystem Engagement




• Build relationships with businesses, healthcare organizations, industry and entrepreneurs.


• Facilitate market and business linkages for supported ventures.


• Represent the Hub at relevant innovation and entrepreneurship forums.


• Support collaboration with universities, research institutions and other ecosystem partners.



Monitoring & Reporting




• Track the progress and growth of ventures supported by the Hub.


• Monitor market validation, customer development, commercialization and growth indicators.


• Prepare periodic venture development reports.


• Document success stories, lessons learned and venture impact.



Qualifications


QUALIFICATIONS & EXPERIENCE




• Bachelor's degree in commerce, Business Administration, Finance, Economics, Entrepreneurship, Marketing or a related field.


• 2–5 years' relevant experience in business development, banking, sales, entrepreneurship, venture development or customer relationship management.


• Experience working with startups, sales, recruitment of new customers, managing clients’ portfolios and financial records will be an added advantage.



KEY COMPETENCIES




• Advanced excel


• Market and customer development


• Venture and business development


• Loans management, financial advisory and commercial analysis


• Sales and relationship management


• Coaching and mentoring of enterprise founders


• Stakeholder engagement


• Communication and presentation skills


• Problem-solving and analytical skills