Post by account_disabled on Dec 20, 2023 7:33:41 GMT
Startup accelerators and educational organizations hire entrepreneurs in residence to support first-time founders. At the University of Edinburgh’s Edinburgh Innovations founder and academic Lysimachos Zografos uses his role as an entrepreneur in residence to help academics turn their research into startups. He has worked on projects ranging from new drugs and digital therapy solutions to AI that uses satellite images to assist with natural disaster responses. Before the entrepreneur in residence role existed the university already had a technology transfer office responsible for the commercialization of research. But Zografos brings an entrepreneurial approach to the way that service is offered.
Offer operational support Entrepreneurs in residence typically Email Marketing List focus on creating businesses rather than running them but they can take on a more operational function. VC firms may bring in an entrepreneur in residence to manage one of the companies they’ve invested in. At Wilbur Labs once the new startup has been launched the entrepreneur in residence may stay on as a full-time employee an adviser or even CEO. They might take ownership of core functions of the startup such as product growth and business development. Alternatively having reached the goal of launching a new business they may move on to other projects. An entrepreneur in residence could also help solve a specific problem.
If a business starts losing clients to to find investors they could bring in an entrepreneur in residence to tackle that issue. Receive mentorship Some entrepreneur in residence programs select promising candidates and help them become successful entrepreneurs by providing resources and mentorship. In this case the entrepreneur in residence takes on the role of mentee rather than mentor. Schmidt Futures founded by former Google CEO Eric Schmidt and his wife Wendy offers an entrepreneur in residence program that acts as an incubator for promising social entrepreneurs.
Offer operational support Entrepreneurs in residence typically Email Marketing List focus on creating businesses rather than running them but they can take on a more operational function. VC firms may bring in an entrepreneur in residence to manage one of the companies they’ve invested in. At Wilbur Labs once the new startup has been launched the entrepreneur in residence may stay on as a full-time employee an adviser or even CEO. They might take ownership of core functions of the startup such as product growth and business development. Alternatively having reached the goal of launching a new business they may move on to other projects. An entrepreneur in residence could also help solve a specific problem.
If a business starts losing clients to to find investors they could bring in an entrepreneur in residence to tackle that issue. Receive mentorship Some entrepreneur in residence programs select promising candidates and help them become successful entrepreneurs by providing resources and mentorship. In this case the entrepreneur in residence takes on the role of mentee rather than mentor. Schmidt Futures founded by former Google CEO Eric Schmidt and his wife Wendy offers an entrepreneur in residence program that acts as an incubator for promising social entrepreneurs.
