||OUTLINE TERMS OF REFERENCE FOR CONSULTANTS Output 1: Social Enterprise Study International Consultant (5 person months, intermittent) The consultant will have an expertise and solid track record in successful social enterprises, including their formation and operation in the region. S he will have an advanced degree in economics, business, law, international relations, finance, regulatory regimes or related fields with at least 10 years of experience in the field of social enterprises and their formation and regulation. Under the supervision of ADB staff, the consultant will: (i) prepare background and analytical papers on the topics assigned by ADB staff, related to this TA. This should involve both quantitative and qualitative analysis from secondary data, interviews, surveys and information forums (ii) in close coordination with ADB, taking into account the experience in the region and outside, and with the assistance of national consultants in DMCs, prepare region wide studies on: size of the social enterprise market and readiness of social enterprises to absorb capital (based on measures such as maturity, scale, and readiness to expand) key needs and organizational gaps of social enterprises (e.g., capital, governance, management commitment, etc.) (iii) develop a framework for country researches covering the areas mentioned above (iv) review outputs of national consultants and provide guidance for the completion of country level studies (v) present research findings and participate actively in forums and workshops. (vi) revise and finalize the papers for publication (vii) review and provide comments on the papers prepared by the other members of the study team (viii) assist ADB and its partners in disseminating research outcomes of the technical assistance (TA) and (ix) assist in integrating the overall findings and in reflecting these in a single report for the TA. National Consultants (12 person months, intermittent) The national consultants will be based in participating DMCs and shall have relevant country knowledge, experience with social enterprises, and ability to draw analysis from market data. They will have a degree in economics, business, philanthropy, or related fields. They shall: (i) prepare background and analytical papers on the topics assigned by ADB staff, related to this TA (ii) undertake country level studies in support of the international consultant on: target social enterprises ready to list on a regional SSE key needs and organizational gaps of social enterprises (e.g., capital, governance, management commitment, etc.) (iii) prepare illustrative country case studies that showcase both the weaknesses and strengths of social enterprises as well as success stories of bridging the information and scaling up gap between SEs and investors. (iv) assist in the organization of country investment forums. (v) present research findings and participate actively in country investment forums (vi) revise and finalize the papers for publication (vii) assist ADB and the partner institute in disseminating research outcomes of the technical assistance (TA) and (viii) prepare and submit quarterly progress reports Outputs 2 and 3: Impact Investment and Intermediary Assessment Partner Research Institution (3 months, intermittent) The partner research institution, with recognized expertise in research and technical assistance work on impact investing, the social stock exchange concept, and social enterprise development, will be engaged to organize and coordinate the preparation, publication, and dissemination of research outputs under Outputs 2 and 3. It shall undertake the following: (i) in consultation with ADB, the partner institution will develop the outline for the studies under outputs 2 and 3 (ii) prepare and finalize, in close coordination with ADB the following: profile of potential impact investors for Asia and the Pacific assessment of conditions which a regional SSE must meet to attract impact investors study on interest of market intermediaries and facilitators to support listing of social enterprises on an SSE and to support SSE operations (financial advisors, law firms, rating agencies, research organizations, etc.) and others as may be assigned by ADB (iii) organize, present and or participate in conferences or forums to disseminate research outputs (iv) update ADB staff regularly on the progress of various activities and (v) contribute to the preparation of the final report of the TA. Output 4: Forums and Awareness Raising Activities National Consultant (6 months, intermittent) A national consultant (based in ADB headquarters, 6 person months, intermittent) will be engaged to support the preparation and management of forums, meetings, and other activities. S he will have experience in organizing knowledge sharing events or investment forums. The national consultant will perform tasks under the supervision of RSGS staff. He or she will: (i) set up and maintain a website for the TA (ii) support and manage forums and facilitate online networking among the consultants and ADB staff (iii) participate in and document meetings and workshops (iv) collect key documents and data related to the TA and summarize them for those working on (or in support of) the TA (v) provide logistical and administrative support to knowledge exchange and the conduct of studies (vi) assist the team leader in overall RETA administration and the logistics for the studies, forums, meetings, and other activities (vii) assist in the preparation of presentations and publications and (viii) perform other tasks relevant to this TA.