JAFCO EIR Program
EIR
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JAFCO EIR Program
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EIR
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.
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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.
While specific eligibility criteria are not detailed, the program targets aspiring entrepreneurs with viable business ideas that align with portfolio company innovation needs.
EIR participants receive a salary and benefits as full-time or part-time staff, providing essential financial stability during their entrepreneurial journey.
The program was announced/launched in August 2022 as a METI demonstration project and is currently active.
Participants are engaged full-time or part-time as employees of JAFCO, allowing them to focus on business development.
The program operates in a hybrid model, allowing for both in-person collaboration and remote work.
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