Corporate Entrepreneur in Residence Program

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Corporate Entrepreneur in Residence Program

Inspired by a conversation on:

Entrepreneurs on Fire

Entrepreneurs on Fire

Innovating Innovation with Mike Stemple

Host: John Lee Dumas

Timestamp: 00:12:01 - 00:13:27

Listen to Episode • View Podcast • All Ideas from Entrepreneurs on Fire

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Direct Quote

"I coined the term corporate entrepreneur in residence and I put a shingle out there and started marketing myself and it was overwhelming."

Market Gap

Corporations lack entrepreneurial perspectives for innovation.

Large corporations often struggle with innovation due to a lack of entrepreneurial experience within their teams. They typically employ individuals with administrative skills rather than those who can create and innovate. This results in a gap where innovative ideas fail to materialize. An entrepreneur in residence (EIR) can fill this gap by bringing an entrepreneurial mindset and practical strategies to corporate teams, fostering a culture of innovation. The absence of such roles in many corporations hinders their ability to adapt and thrive in a competitive landscape, especially during economic uncertainties.

Summary

The idea of establishing a Corporate Entrepreneur in Residence (EIR) program within large companies can help bridge the gap between operational efficiency and innovative potential. An EIR can provide mentorship, teach entrepreneurial thinking, and guide corporate teams in ideation and execution of new projects. This role is especially crucial in companies that are traditionally more focused on operational management than on fostering creativity. By integrating an EIR into corporate structures, organizations can enhance their innovative capabilities, ultimately leading to more successful product development and a stronger competitive edge.

Categorization

Business Model
Service
Target Founder
Subject Matter Expert
Difficulty
Medium
Time to Revenue
3-6 months
Initial Investment
$1,000-$10,000

Potential MRR (18-24 months)

Conservative
$5,000 - $10,000 MRR
Moderate (Most Likely)
$10,000 - $20,000 MRR
Optimistic
$20,000 - $40,000 MRR

* Estimates assume solo founder/bootstrap scenario with competent execution

Scores

Clarity
8/10
Novelty
7/10
Feasibility
8/10
Market Potential
9/10
Evidence
8/10
Overall
8/10
Found on September 24, 2025 • Analyzed on September 24, 2025 7:40 AM

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How should I validate this service idea before building it?

2:34 PM

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