What is an Entrepreneur in Residence?
An Entrepreneur in Residence (EIR) is an experienced operator or founder temporarily engaged by a venture capital firm, accelerator, university or large corporation — typically for 6–18 months — to evaluate investment opportunities, mentor portfolio companies, incubate new ventures or transition between roles.
EIR arrangements are governed by a consulting agreement or fixed-term employment contract that addresses compensation, intellectual property assignment, non-compete and the EIR’s right to launch or join companies during and after the residency.