Entrepreneur in Residence (EIR) Program

Entrepreneur in Residence (EIR) Program

Host Institution: Wayne State University

Funder: Global Epicenter of Mobility (GEM) grant

Geographic Scope: Southeast Michigan / Detroit region

Program Focus: Mobility technology startups and tech entrepreneurs

Program Overview

The Entrepreneur in Residence program is designed to eliminate barriers for tech startups, particularly in the mobility sector, and cultivate a thriving entrepreneurial ecosystem.

What the Program Provides

• Mentorship: Personalized guidance from experienced professionals with backgrounds in business, technology, and investment
• Business Support: Assistance with fundraising, business development, and product strategy
• Market Navigation: Guidance on navigating market complexities
• Networking: Connection with resources, investors, and potential customers
• Ongoing Support: Informal mentorship, consistent follow-up, and advocacy for startups

Focus Areas

• Electric vehicles
• Connected transportation
• Smart city solutions
• Advanced mobility solutions

Eligibility

• Tech startups in the mobility sector
• Early-stage companies
• Entrepreneurs from diverse backgrounds and with diverse ideas

Success Example

Optimize EV - First startup to participate in the program:
• Completed TechStars program
• Secured non-dilutive funding from IDV
• Received assistance securing first paying customers
• Received IT strategy development support

Program Benefits

• Breaks down barriers to startup success
• Fosters collaboration and community
• Creates economic growth and job creation
• Attracts investment to the region
• Builds diversity in the mobility ecosystem

Contact

Location: Wayne State University, Detroit, Michigan Website: gemdetroitregion.com