Reporting to the Venture Architect, the Venture Associate will support a team and partners in developing and driving the successful implementation of a new venture in an identified target ecosystem, through which to create new product offerings and channels that create value for Next176. The Venture Associate combines the skill sets of an entrepreneur, strategist, and business architect to drive innovation and growth within Next176.
Position Overview: We are seeking a visionary and strategic-minded Venture Associate to join our team. In this role, you will work closely with entrepreneurs, internal teams, and external partners to develop and execute innovative venture strategies. As a Venture Associate, you will combine your business acumen, industry expertise, and creative thinking to design and shape the future of our ventures. The ideal candidate should have a strong entrepreneurial mindset, a deep understanding of business strategy, and a passion for driving innovation and growth.
Identifying and evaluating potential business opportunities:
You support with the conduct market research and analysis to identify emerging trends, technologies, and market gaps.
You will assess the viability, profitability, and scalability of new ventures. You will be required to collaborate with entrepreneurs and internal teams to identify market opportunities and assess the feasibility of new ventures.
Market Research and signals validation:
Conduct in-depth market research, competitor analysis, and customer insights to inform venture strategies and business models
Conduct in-depth market research to identify potential opportunities and trends
Analyse industry landscapes, competitive environments, and customer behaviour.
Identify potential ideas to take through the venture building topic validation process Develop hypotheses and drive research into them Provide insights to support decision-making in venture creation. Assess risks and opportunities associated with potential ventures.
Project Management:
Project management of research and validation initiatives
Coordinate and manage project timelines, milestones, and deliverables.
Collaborate with cross-functional teams to drive the development of new ventures.
Assist in the implementation of business strategies and go-to-market plans.
Working with venture architects & product teams to support the build of prototypes and products to ensure alignment with research findings
Collaborate with entrepreneurs and internal teams to identify market opportunities and assess the feasibility of new ventures.
Reporting:
Prepare regular reports and updates for the Venture Architect and other stakeholders.
Communicate key insights and findings effectively to support decision-making.
Work closely with cross-functional teams, including product managers, designers, marketers, and engineers, to align venture strategies and execute on business objectives.
Requirements
Bachelor's degree in Business Administration, Entrepreneurship, Finance, or a related field.
Proven experience in venture development, business strategy, or entrepreneurship.
Strong analytical and critical-thinking skills, with the ability to assess market trends, identify opportunities, and make strategic decisions.
Solid understanding of business models, financial analysis, and investment principles.
Excellent communication and interpersonal skills, with the ability to collaborate effectively with diverse stakeholders and entrepreneurs.
Strong project management skills, with the ability to prioritise tasks, meet deadlines, and manage multiple projects simultaneously.
Ability to think creatively, challenge the status quo, and propose innovative solutions.
Strong leadership and mentorship capabilities, with the ability to inspire and guide entrepreneurs.
Passion for entrepreneurship, startups, and driving innovation in the business landscape.
Familiarity with venture capital, startup ecosystem, and emerging technologies are desirable.
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