The EIR is an initiative of the NCIC with a vision to help startup businesses execute their daily enterprise-wide activities efficiently. For businesses to thrive they need to ascertain their full potentials by improving their day to day performance. Executive-in-residence offers to loan businesses proven and successful executives as stand-in CEO of ventures that NCIC would have invested in for a specific period.
The role of stand-in CEOs will be to oversee the investment and ensure investments are used to the speculations of the business models. Leading the development of the business short-term and long-term strategy thereby assessing risks to the business and ensuring they are monitored and minimized. The Executive-in-Residence will also be responsible for making managerial decisions alongside the input of the business directors within the company. Setting strategic goals and ensuring they are measurable and achieved timely amongst other assigned duties to ensure the objectives of the startups are met and investment keeps growing.