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Chairman sought for innovation fund

22 May 2013

Economic Development has started a recruitment campaign for the chairman of an independent board that will oversee the Jersey Innovation Fund.
The Jersey Innovation Fund is an important element of the States of Jersey strategy to deliver growth and diversification in the local economy by supporting investment into original projects and business ideas and improving Jersey’s international competiveness.
The creation of the £5 million fund will introduce new investment into the local economy, improve access to working capital and support entrepreneurs, start-ups, and established organisations with investment into innovation.
Assistant Minister for Economic Development James Baker said: “It is important that we move quickly and establish the independent board so that the fund can start supporting projects to drive growth and create job opportunities in the local economy.
“I am pleased the recruitment of a chairman who will lead the Board for the next three years has started. Once appointed the chairman will also play an important role in the selection of the non-executive directors and I am keen that this entire process is completed by mid July so the Board can start inviting applications for support from the fund.”
The successful candidate will have considerable private sector commercial experience at a senior level, ideally in an investment or fund management environment. He or she will have a track record of working at board level and be able to demonstrate experience of corporate governance requirements at a senior executive level.
Applications for the position of chairman are invited in the form of a letter, providing details of relevant experience and skills, accompanied by a current CV which should be addressed to:
Private and Confidential – Jersey Innovation Fund Board Chairman
The Minister for Economic Development
Cyril Le Marquand House
 St Helier
The closing date for applications is 14 June 2013.  
For further information call +44 (0)1534 440669 or email Economic Development
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