Frequently asked questions
What's an EIR?
A Entrepreneur in Residence (EIR) is an integral part of the Code2040 family. You are an entrepreneur working on a tech platform, mobile, software or hardware product full-time in one of our partner cities, while simultaneously participating in the integration of the Black and Latinx technical and entrepreneurial community in your city's partner tech hub.
Who can be an EIR?
Have you already developed the first iteration of your platform, app, or product? Applicants should have a technology product or service that are in the prototype or MVP stage. We only work with founders of tech companies. While we encourage ideas, we can’t accept EIR applicants without proof of concept at this time.
- CODE2040 EIRs must self-identify as a Black or Latinx
- Must currently live in the city in which they will be an EIR for at least one year
- Be a founder or co-founder; you must have decision making power
- Be committed to impacting the racial, ethnic, and gender makeup of their local tech sector
- Have the intent to work full-time on the venture for the term of the Residency
- Commit to working full-time at the tech hub for the term of the Residency
- Be committed to impacting the racial, ethnic, and gender demographics of their local tech community
You can read more details about eligibility here.
How do we define tech?
Tech is an innovation using software or hardware. The backbone of your business needs to be using code, design, and user capability on a mobile phone, computer, or another device. We do not support non-tech ventures at this time.
What's a Tech Hub?
A tech hub is a co-working space at the heart of a tech community. We partner with seven of these innovative spaces for the Residency Program.
What are the EIRs' areas of responsibility?
Our EIRs have two areas of focus. First, they will be launching or iterating a tech company they’ve created. Second, they will be moving the needle on a diversity goal with their local tech hub, connecting the entrepreneurial ecosystem with Black and Latinx communities and talent.
What resources/support does the EIR get?
During their term, each EIR receives:
- Free coworking space in your city’s tech hub
- Quarterly Lean Startup immersives with Code2040
- A trip to the Googleplex in Silicon Valley for workshops led by Google for Entrepreneurs
- Opportunities to attend professional and industry focused conferences
- Resources from Code2040 and your tech hub to create community impact through diversity, inclusion, and community building events throughout the year
- A paid intern to help you plan and implement your diversity goals
- We want to be your friends & family. That is why we will invest $40,000 with no equity taken (the money may be taxed)
What is the term of the EIR?
Selected individuals for the 2017 cohort will be EIRs for one year, from April 1, 2017 to March 31, 2018.
How do I apply?
The application for the 2017 cohort will launch September 28, 2016. You can contact us with further questions at firstname.lastname@example.org.