The Entrepreneur-in-Residence program runs each September to May. During this timeline, the Venture Lab team comes alongside each EIR, developing a cultural thesis through an Oxford-style learning approach and designing the venture model through redemptive design- thinking.
We work together to frame and identify clear pathways to a new endeavor. Throughout the process, the Praxis Venture Lab team acts as a topical and design advisory team to support EIRs in their launch, as well as making connection to outside experts, scholars, and partners interested in the same issue. As needed we can also provide connection to agency partners to help create the initial assets for the venture, from brand and vision deck development to get to launch.
The EIR program is designed for flexibility. We think creative deadlines are helpful for progress, but too much structure doesn’t support the variability of the process and pace of new venture formation. As such, we’ve designed a few key touchpoints for the program, as well as outlined some common models for our collaborative work. They fall into three buckets: main events, design sprints, virtual meetings with our team.
These three events have been designed for all current EIRs to be together, framing the program while affording the encouragement of community, spiritual renewal, and redemptive imagination. We find that a diverse fellowship and community during major times of transition can be a gift to senior leaders. The final event—our Summit—is a unique opportunity to share what you’ve been working on with our larger community of investors, philanthropists, and entrepreneurial leaders.
Virtual Working Sessions
We typically find ourselves doing a check in with each EIR every two weeks, as helpful. These 30 to 60 minute video calls help us keep pace with each other and provide accountability and encouragement on regular process. Some calls are focused on learning, some on building, and some on advice and discernment.
In Person Design Sprints
For most EIRs, there will be times where we’ll want to connect for longer stretches -- ideally in person -- to ‘build in real-time’, working through a key venture asset to advance the work. We provide lodging at our HQ for overnights in NYC if needed, and often do half-day or full-day sprints with key members of the Praxis team as well as our partners who often work in the deck and the pixels so we leave with real progress. Example sprints include:
Throughout all of this work, we help each EIR build a vision deck as the central asset, not because they need basic help with a pitch deck but because it acts as a carrier of all the critical components we’ll need to build together: mission/vision, core cultural and market insights, key language, product/service concepts, founding team, advisory board, and capital needs.
IDEAL PROGRAM CANDIDATES
We are looking for EIR’s that are passionate about building redemptive ventures! In addition, the best candidates have the following traits:
Through our generous donors, we are able to offer an excellent yet low-cost program. Program fees are $12,000 total.
These fees include all food and accommodations during events - other transportation expenses are funded by the EIR. Due to program size and admission process, if for any reason an EIR cannot participate in an event, refunds cannot be given for program fees (even in extenuating circumstances).