EIR’s take an active role in the companies they support as CEO, president, COO, or business development officer. There are nine EIR roles within Spartan Innovations that are dedicated to startups. Though EIR’s are paid a stipend through the program, they can also draw a salary + take equity in these companies as well. The goal is for the EIR to support the startup for 12 – 18 months before running the company independent of Spartan Innovations. An EIR can also serve as an advisory group to Spartan Innovations, sponsored startups, and other organizations that our ecosystem supports.
Tom Laster – Education Technology