1957 Ventures EIR Program
EIR
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1957 Ventures EIR Program
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EIR
The 1957 Ventures Entrepreneur in Residence (EIR) program is a venture-building role backed by MENA's largest fintech-focused fund. Launched in May 2024 by Riyad Capital, the program allows selected EIRs to assume the CEO role of a new fintech venture with full organizational support. EIRs receive dedicated resources, equity participation, and mentorship, targeting experienced operators with a strong background in technology and fintech.
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The 1957 Ventures EIR program focuses on building fintech ventures in alignment with Saudi Vision 2030. It targets experienced operators who can leverage their expertise to lead new ventures, addressing the need for innovation in the financial services sector in Saudi Arabia.
Candidates must create a profile on the careers portal, submit their CV and portfolio along with a fintech vision statement, and undergo a rigorous selection process including interviews and assessments.
EIRs receive an attractive compensation package with equity participation in the venture they lead, along with access to dedicated support teams and resources.
There is no cost to participate in the program, as it is a compensated role.
The program has a rolling intake with no fixed duration, as EIRs assume the CEO role of a new venture.
The EIR role is a full-time commitment, with participants assuming the CEO position of a new venture.
The program requires in-person participation in Riyadh, Saudi Arabia.
Media Coverage:
Applicants should highlight their leadership experience and understanding of the fintech landscape in MENA. A clear vision statement for the fintech venture is crucial.
Q: What is the role of an EIR? A: EIRs lead a new fintech venture as CEO, supported by 1957 Ventures.
Q: What qualifications are needed? A: Candidates should have 10+ years in technology or fintech and strong leadership skills.
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