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Overview

The JAFCO EIR (Entrepreneur in Residence) Program, branded as "First Leap," is a Japanese venture capital initiative designed to support aspiring entrepreneurs while providing portfolio companies with access to fresh entrepreneurial talent and innovative ideas. The program represents a partnership between JAFCO, one of Japan's leading venture capital firms, and Japan's Ministry of Economy, Trade and Industry. Participants are hired as EIR employees, receiving a salary and benefits, allowing them to develop and validate new business ideas while collaborating with JAFCO portfolio companies.

Investment focus

The JAFCO EIR Program aims to address cultural and financial barriers to entrepreneurship in Japan by providing employment security during the validation phase, thus facilitating startup formation.

Program details

Designed for Founders, Operators, Researchers. The program is hybrid. Participation is generally part time.

Who it is for

The program targets aspiring entrepreneurs with viable business ideas that align with portfolio company innovation needs and market opportunity.

Check if you are eligible

Check your eligibility for JAFCO EIR Program

Admissions and application

While specific eligibility criteria are not detailed, the program targets aspiring entrepreneurs with viable business ideas that align with portfolio company innovation needs.

Benefits

Participants benefit from a safety net structure that allows them to earn stable income, access corporate resources, and reduce personal financial risk while validating their business ideas.

Timeline

The program was announced/launched in August 2022 as a METI demonstration project and is currently active.

How to go about it

  1. Read what it asks for

    Who can apply, how people get in and whether it is open right now.

  2. Have something to show

    Programs pick people whose work they can already point to. Put yours where it can be found.

  3. Apply the way the program asks

    The program has not published how to apply. Terms and dates change. Check the official page before you act.

What it pays

EIR participants receive a salary and benefits as full-time or part-time staff, providing essential financial stability during their entrepreneurial journey.

Questions about this program

How much time does each course require?

The undated site lists at least 10 hours per week for the entrepreneur course and at least 5 hours per week for the supporter course. Both are listed as lasting three months or longer.

Is compensation specified?

No exact amount is stated. The site says compensation is negotiable and depends on duration and work hours for both courses.

What is the application and selection process?

Both courses link to the entry form. The stated process includes document screening and individual notification; applicants who pass screening receive an in-person or web interview. The retrieved form asks about weekly availability and privacy-policy agreement.

Are applications currently open?

The entry form was retrievable, but its blank state does not confirm a current application window or available intake.

About JAFCO

JAFCO

Grant Maker

Supporting at-risk children and families.

Lists that include this program

From public sources

What the sources say about JAFCO EIR Program

Similar programs

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