Hebrew University of Jerusalem AND Jerusalem Institute’s Milken Innovation Center
Professor Glenn Yago firstname.lastname@example.org
Ms. Orly Movshovitz-Landskroner
The Global Development Finance Practice Fellowship Program in conjunction with the Jerusalem Business School at Hebrew University will open its next class on January 2020. The 9 month graduate-level Certificate program through the Business School combines field internship training with the completion of a project implementation plan related to food, water, energy, and global health. The program provides cutting edge solutions to address pressing sustainable development challenges. Financing sustainable development requires robust skills in innovative finance, project finance mechanics, research seminar skills, hands-on field experience, and mentorship to produce investible project implementation plans in each of their home countries. Most importantly, they combine innovative finance and technology transfer to support SDGs through sustainable projects.
The Milken Innovation Center focuses on developing market-based solutions that other start-up nations can replicate based on breakthrough development technologies derived from Israel’s global laboratory in conjunction with co-innovation partners from developing and frontier economies. The Center’s goal is to accelerate sustainable economic growth through innovative finance that builds human, social, and natural capital, and cements Israel’s role as a pioneer in developing new technologies that address global challenges in agriculture, water, food, energy, health and education.
Our model is to expose our Fellows to the practical aspects of sustainable project development. Fellows benefit from a unique opportunity to work on real-world challenges in partnership with cutting-edge technology companies and stakeholders in their home countries. Our hope is that this approach facilitates the transition from education to careers for these fellows in sustainable development through project-based learning.
The Hebrew University of Jerusalem, the top University in Israel, was ranked the 23rd top University globally in 2015 by World University Rankings. The Jerusalem Business School has won broad international recognition and is the top Israeli institution in international rankings of academic business schools. The school was ranked No. 44 in the Shanghai Academic Ranking of World Universities by Subject Fields, coming ahead of all the leading European universities other than those in England. The Jerusalem Institute for Policy Research was formed by the Municipality of Jerusalem and the Hebrew University as a dedicated applied research institute. The Milken Innovation Center (founded by the global platform of the Milken Institute and part of the Blum Center for Developing Economies at the University of California-Berkeley) is widely recognized for its pioneering work in financial innovation through financial product, program and policy development.
Aside from core coursework and tailored workshops, MDP students will participate in monthly half-day problem solving and skill development workshops with hands-on training economic and financial analysis for project development, presentational skills, specific research methodologies and meetings with key professionals who focus on innovative finance in sustainable development. Fellows create an implementable project in Israel or their home country in their target area of development practice (food/agriculture, energy, water, environment or health). Fellows must present and complete a project implementation plan (PIP) and field training intern Fellowship (FTI). Four (4) days per week, students will spend on their PIP and FTI, with internship placements at a government ministry or authority, start-up or technology firm, research laboratory, a social enterprise or non-governmental organization, or a related research and development institute. The PIP report will include a full planning and project/business implementation plan including a financial model and capital structure for its funding in the home country to which the student will return. Working teams in each target area from government, industry, and academia will actually deploy practical, scalable, and sustainable solutions.
Upon graduation, participants become part of our international alumni network for development practitioners and engagement with our financial innovation and project development labs. For example: Fellows have been involved in assignments with addressing issues as diverse as reducing post-harvest cassava losses in Nigeria, operationalizing finance for Power Africa projects in a hospital and fruit factory in Kenya, “hub and spoke” design for precision irrigation for small holder fodder farmers in Kenya, fintech applications for agricultural supply chain needs in Mango harvest and production, fintech application to open access to credit and other banking services for small holder farms in Ecuador and Colombia, and SME lending to digital technology firms in Rwanda. Another Fellow worked on the business plan for a co-innovation hub between Israel and several African countries that will facilitate project development and technology transfer for SDGs.
The program hopes to attract students from neighboring countries in the region, Africa, Asia, Latin America, Europe, and North America, with particular interest in recruitment from Sub-Saharan Africa, India, Eastern Mediterranean/Middle East and Central Asia.
Fellows will receive a joint graduate certificate from The Hebrew University of Jerusalem and the Milken Innovation Center.
“Our learning journey has been a unique blend of coursework, assignments, seminars, case studies, study tours, workshops, e-learning via podcasts & videos and mentoring sessions. The icing on the cake was applying the knowledge in drafting of the project implementation plan.” Elsie Kangai, Kenya