Chief Executive Officer Sanku
THIS JOB HAS EXPIRED
Sanku LLC is seeking a Chief Executive Officer to lead a start-up, for-profit company that has developed a device to fortify staple foods in mills across the world. The device is intended to provide essential nutrients to the most vulnerable people in the world, living in rural areas and dense urban settings worldwide. The technology behind the device has been developed with the support of Project Healthy Children, a non-profit organization with know-how and global reach in food fortification. Prototypes of the device have been tested in Nepal, Tanzania, and Malawi, and the company currently has a backorder. The team behind Sanku believes that the product and service have the potential to materially change the health of more than one billion people as well as provide meaningful and sustainable profits.
The key skill sets for success include a CEO with the ability to build a team and organization capable of:
1.Pricing and sourcing simple electronic components in low-cost regions of the world.
2.Sourcing components and assembling product.
3.Manufacturing using steel and plastic injection molding.
4.Shipping product to remote areas of Africa and Asia.
5.General comfort with accounting, human relations, and general company administration.
6.Directing and managing contract manufacturing and assembly using vendors in multiple regions of the world.
7.Working knowledge of intellectual property rights.
8.Creating logistic networks to resupply customers on an on-going basis.
The key attributes for success include:
1.Experience and aptitude in building teams and an organization that achieve and maintain excellence.
2.Ability to travel internationally (20%) and within the Unites States (15%).
3.Ability to think strategically, to develop new business models, and to apply creative solutions to technology- and market-based problems.
4.Cultural sensitivity and the ability to work successfully across a number of sectors, including global agencies, non-profit organizations, private for-profit companies, and governments.
5.Internally motivated, requiring limited day-to-day tactical direction.
6.A desire to build an organization with a strong identity.
Sanku LLC is capitalized to compensate a CEO at a rate competitive with for-profit, "double bottom line" organizations. In addition, the company has allocated 15% of the company's equity rights to compensate key employees. The company may be located in Boston or San Francisco.
Interested parties should send a cover letter and resume to jobs@phcmail.org
Background
Approximately two and a half billion people in the world are malnourished, lacking essential micronutrients. Micronutrient malnourishment (insufficient intake of vitamins and minerals) is the leading cause of death during childbirth, preventable blindness, and mental retardation. It reduces a person's ability to defend against infectious diseases like HIV, malaria, measles, and diarrhea by about one-third, and guards against the common birth defects. The World Bank estimates that micronutrient malnutrition reduces workplace productivity by 10-15%.
Centrally processed foods typically are fortified with essential micronutrients. However, approximately one billion people do not have access to centrally processed foods; instead they buy or grow local grains and staples processed in local mills lacking capacity for food fortification. This leaves an enormous segment of the world's population without a solution to micronutrient malnutrition.
Project Healthy Children, a Boston-based 501 (c)(3) organization ("PHC"), enabled the development of technology for food fortification in small mills during a two-year project in partnership with Stanford University. PHC also has the know-how to support food fortification in the small rural mills that service one billion people. The prototype device (named "Niko") attaches to existing milling equipment quickly and easily. The potential market for the device is approximately $750 million worldwide.
Since 2000, PHC has worked with governments to design and implement traditional food fortification programs through large-scale, central food production. PHC developed Niko as an essential solution to reaching the population without access to processed foods.
Sanku, LLC has a three-year funding in place, by angel investors, successful venture capitalists, and entrepreneurs, specializing in bringing to market socially valuable technology and know-how. The company's board of directors includes the former Chief Medical Officer of the Clinton Foundation, faculty of the Stanford University Graduate School of Business, and the General Partner of Farm Fund.
Social Return
While the proposition to investors is based on economic return, there is an undeniable social return to the success of this venture, which has the potential to be enormous. The size of the potential beneficiaries is one billion people. These are also the most vulnerable people in the world, those with limited to no access to other forms of health care, vaccinations, clean water, sanitation, and proper education. Food fortification is a vital building block to raising these people out of extreme poverty, and giving them the chance to succeed.
The science of micronutrient malnutrition is accepted and proven; Sanku simply creates a delivery mechanism for a proven intervention. With this technology, fewer women will die in childbirth, there will be less blindness in the world, the IQ of school-aged children will increase, and far fewer children will die of malaria or diarrhea because of our work. Furthermore, because we are keeping people out of the curative portion of the healthcare networks, the most expensive sector, we are saving money for countries that are already stretched. That allows room in their budgets for cellular towers, roads, schools, sewers, or repaying debt to third parties.
| Flexible Location: | San Francisco or Boston area |
|---|---|
| Full Time | |
| Business Development |
THIS JOB HAS EXPIRED
Sanku
Self FundedAll Jobs: at Sanku
| Web Site: | sanku.com |
|---|---|
| Headquarters: | 25 Mt. Auburn Street Suite 111 Cambridge, MA 02138 United States |
| Industry: | Other |
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