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ADAP Advisory Services LLC - Associate Program ADAP Advisory Services provides intellectual capital to entrepreneurs alongside monetary capital. Consistent and regular calls/meetings are scheduled with entrepreneurs (virtually and in person), supporting them to reach their seed-stage milestones. Strategic advice and connections are made, and support and assistance are provided in structuring the next capital raise as well as connecting with potential investors.

Fellowship Program

OVERVIEW

Description

ADAP Advisory Services LLC has partnered with BOMA Investments and the 1to4 Foundation to develop an Associate Program. With years of experience investing, advising, and examining the current status quo, this group has identified several specific areas of need for the social impact sector. As such, this program is both a professional service for social entrepreneurs and impact investors as well as a capacity building platform for consultants interested in gaining exposure to the social venture ecosystem. It is designed to supplement full-time course loads or careers with hand-on interaction with real-life companies solving real-life social problems around the world.

The ultimate goal of the program is three-fold:

Provide expert human resources and intellectual capital to early-stage social entrepreneurs.
Assist students and professionals in gaining knowledge of (and hands-on experience with) multiple aspects of social entrepreneurship and impact investing through direct involvement with critical business development activities.
Facilitate long-term social impact throughout the developing world.

PROGRAM DETAILS AND REQUIREMENTS

Program Details

(Associate Program)

Associate Program Background:

ADAP Advisory Services LLC has partnered with BOMA Investments and the 1to4 Foundation to develop an Associate Program. With years of experience investing, advising, and examining the current status quo, this group has identified several specific areas of need for the social impact sector. As such, this program is both a professional service for social entrepreneurs and impact investors as well as a capacity building platform for consultants interested in gaining exposure to the social venture ecosystem. It is designed to supplement full-time course loads or careers with hands-on interaction with real-life companies solving real-life social problems around the world.

The ultimate goals of the program are three-fold:

1) Provide expert human resources and intellectual capital to early-stage social entrepreneurs,.
2) Assist students and professionals in gaining knowledge of (and hands-on experience with) multiple aspects of social entrepreneurship and impact investing through direct involvement with critical business development activities.
3) Facilitate long-term social impact throughout the developing world.

Development Projects:

Associates work both individually and in teams to develop tools, systems, and solutions for many of the reoccurring problems faced by early-stage social entrepreneurs. Once equipped with these tools and resources, associates work alongside entrepreneurs to apply proven systems for scaling businesses as entrepreneurs prepare to raise their next round of financing. Each development project generally requires 15-30 hours.

Focused Mentorships:

As part of the program, Associates will sometimes opt to participate in Focused Mentorships for specific social enterprises. If selected to participate in a Focused Mentorship, Associates will first work in teams to educate early-stage social enterprises on best practices for specific focus areas (i.e. financial management, HR development, etc.) Once an Associate team has completed an initial educational seminar (typically ~3 hours) with the social enterprise, each participating mentor may arrange with the entrepreneur to continue the relationship, whereby the mentor will assist with a more structured “roll-out” of previously discussed initiatives and sector growth strategies.

This extended level of interaction is the Focused Mentorship and is defined as no less than 40 hours of company involvement (and will count towards completion of the Associate Program.)

Finally, Associates selected to participate in Focused Mentorships must not only have a passion for creating social change, they must also make a formal commitment to drive projects forward. Independency, motivation, and desire to facilitate sector development for the participating social enterprise is critical.

Associate Requirements:

• Strong desire to develop tools and resources for social entrepreneurs
• Minimum of 50-hour commitment to the program (generally spanned over 3 months)
• Keen analytical skills
• Attention to detail
• Project management abilities
• Interpersonal skills
• Cultural sensitivity – particularly in working with developing communities
• Experience in managing multiple projects for both internal and external stakeholders
• Some exposure to living/working conditions in the developing world
• Proven ability to work in a lean, intense, results-oriented environment
• Prior investment or strategic consulting experience is desirable
• $1,000 tuition fee

Benefits to the Associate:

Learn-by-Doing:

Through direct, hands-on collaboration with entrepreneurs and investors, this program provides an understanding of the social venture ecosystem and the players involved. Focus areas often include (but are not limited to):

• Leadership & board development
• Meeting key performance indicators (KPIs)
• Expanding operational capacity
• Capacity-building for early-stage investors

*Most importantly, successful Associates leave the program knowing that they have brought a social enterprise closer to scalability.

Networking:

ADAP Associates have the opportunity to work alongside a number of stakeholders including:

• Impact investors
• Social entrepreneurs
• Strategic advisors
• Other associates with expertise in a range of sectors from around the world

Career Advancement:

This opportunity is a career advancement tool that includes:

• Formal recognition for all completed projects
• Acknowledgement for assistance with any published investor reports (i.e. key findings, lessons learned, data analysis, industry trends, etc.)
• Possible educational credits (project/class dependant)

Benefits to the Social Enterprise:

Through this program, investors and associates work to identify many of the deficits that investors typically find in early-stage social enterprises. Associates then work with each participating social enterprise to systematically address needs like:

• Capital planning/fundraising
• Financial management
• Human Resource development
• Industry research
• Strategic business development
• Market validation
• Marketing
• Sales

For many companies, these projects are not only instrumental in solidifying business models and in proving unit economics, but ultimately also in creating greater social impact. Many associates also prove to be excellent prospects for future employee hires for growing enterprises.

Curriculum:

The program curriculum is meant to better equip Associates in their knowledge of the social venture ecosystem and in their work with participating social enterprises. As such, ADAP Advisory Services LLC hosts regular webinars for Associate groups with occasional guest speakers (investors, entrepreneurs, and advisors.) Examples of discussion topics include:

• Impact/development focus areas
• Lessons learned from the field
• Investment strategies
• Social impact philosophies
• Etc.

These webinars are opportunities for Associates to:

• Ask questions
• Connect with thought-leaders
• Learn about avenues for further career development or social impact work

*Webinars are held using WebEx.

For more Information

www.adapadvisory.com/#!associate-fellowship/c200l

SUPPORTING VENTURES IN THESE SECTORS

  • Agriculture
  • Arts, Culture, Handicrafts
  • Clean and Green Technology
  • Distribution / Supply Chain
  • Education
  • Employment, Livelihood, Income Generation
  • Energy
  • Enterprise Development, SME
  • Environment, Climate Change
  • Fair Trade, Organic Products
  • Financial Serv./Inclusion, Microfinance
  • Health
  • Housing, Shelter, Homelessness
  • Sanitation, Waste Management
  • Tech
  • Training, Technical Assistance Services
  • Water
  • Women, Girls

supporting ventures in these regions

  • Global

TYPES OF COMPANIES ACCEPTED

  • For Profit
  • Hybrid

accepting applications or entries

ACCEPTED:

March 09, 2015 - December 31, 2015

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TEAM Members

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NATHAN ENTREKIN

Nathan is Director of the Associate Program at ADAP Advisory Services, LLC.

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