Business Development and Fundraising Officer at STEMpower INC

STEMpower INC

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Position: Business Development and Fundraising Officer

Job Time: Full-Time

Job Type: Permanent

Place of Work: ********** - Ethiopia

Posted date: 3 weeks ago

Deadline: Submition date is over

Job Description

Overview

STEM Power, a non-governmental and non-profit organization, is seeking a competent expert for the position of Business Development and Fundraising to ensure the sustainability and continuity of its operations. As per the directive of FDRE Agency for Civic Organizations: DIRECTIVE NO 937/2022, which allows and regulates civic organizations to engage in income-generating activities, STEM power aims to embark on income-generating activities. With the same notion, STEM Power wants to recruit one Ethiopian on a contract basis where the contract can be renewed annually as needed by the organization. The primary focus of the assignment will be to analyze the potential STEM power activities for conversion into income generation, with a particular emphasis on the Fab Lab section. Additionally, the officer will be responsible for soliciting funding from local and international organizations, particularly bilateral and multilateral organizations with a high inclination for STEM education. This will involve grant writing and subsequent follow-up to realize the designed programs.

Duties and responsibilities

• Evaluate various departments and operations of STEM power to identify potential business development ideas and projects.
• Collaborate closely with the Fab Lab team to identify innovative tech-based projects for commercialization.
• Conduct extensive market research to identify potential business opportunities and develop business plans for promising ideas and projects.
• Collaborate with the finance team to plan and execute budgets for business development activities.
• Draft and obtain approval for a five-year Business Development Strategy for
•  Manage the income-generating wing of STEM power in coordination with the relevant STEM power team.
• Undertake any other relevant activities as necessary.
• Develop and implement fundraising strategies to secure financial support from various sources, including individuals, corporations, foundations, and government agencies.
• Cultivate and maintain relationships with donors, sponsors, and funding organizations to secure support.
• Research funding opportunities, including grants, sponsorships, and partnerships, and prepare grant proposals and funding applications.
• Develop grant proposals by building convincing cases for different kinds of donors such as individuals, private companies, associations, and governmental and nongovernmental organizations as needed.
•  Coordinate fundraising events and campaigns to raise awareness and generate support for STEM Power's mission and projects.
• Monitor and evaluate the effectiveness of fundraising activities and adjust
• strategies as needed to meet fundraising targets.
• Maintain accurate records of donors, donations, and fundraising activities using CRM or other relevant systems.
• Collaborate with the communications team to develop fundraising materials, including appeal letters, brochures, and online campaigns.
• Provide regular reports to the management team and board of directors on Business Development and fundraising activities, progress, and outcomes.

Reports to: Partnership and Resources Mobilization Manager.

Job Requirements

Required Entry Qualifications and Competencies

Formal Education

• Master’s degree (in regular admission type ) in business administration, marketing, economics, finance, or related field and 2 years relevant work experience. Or a Bachelor's degree in business Administration/Management preferred (in regular admission type) and 5 years relevant work experience.
• Proven experience in business development, fundraising, or related fields, preferably in the non-profit sector.
• Strong analytical and strategic planning skills.
• Excellent communication and interpersonal skills, with the ability to build relationships and negotiate effectively.
• Proficiency in budget planning and financial management.
•  Ability to work independently and as part of a team, with a proactive and results-oriented approach.
• Knowledge of grant writing and fundraising techniques.
• Commitment to the mission and values of STEM power.

Professional Experience

•  At least 2 years of professional and relevant work experience for Masters's degree and 5 years of professional and relevant work experience for a Bachelor’s degree
• From which 2 years of direct work experience in business development or fundraising
• Both male and female applicants are welcome preferably female applicants.
• Further Knowledge/Skills
• Excellent networking and social skills
• Excellent verbal and written communication skills preferably in English but other international languages are also welcomed
• Experience in organizing corporate events
• Very good in IT-related skills