Entrepreneur In Residence (EIR) Program

A major issue faced by Michigan's start-up community is the absence of applicable, executive-level talent. Additionally, when a qualified executive is available for his or her next engagement, the community often lacks the necessary volume of deals to offer a smooth transition. This opens the door to the inevitable situation where that executive is recruited to opportunities outside the State.

The EIR Program is structured to merge the capital, talent, and business ideas to produce companies poised to succeed. The program is designed to assist a Michigan based venture firm in hiring an EIR. Together the venture firm and their EIR will look for a deal for the venture firm to invest in and for the EIR to lead. The ideal EIR is a person who has an outstanding track record as an entrepreneurial executive who participates in the program as an interim step to his or her next venture. Executives in the program become part of the venture team and gain access to its operations and deal flow. While in the program, EIRs may provide specialized management counsel to existing portfolio companies while finding new portfolio companies to join or to form.

Click here to learn more about this program and how a venture firm may apply.