Entrepreneur-in-Residence (EiR)

Position SummaryThe Entrepreneur-in-Residence (EiR)will lead the development of 2–3 early-stage deep-tech ventures (Technology Readiness Level 3–5), working closely with academic founders to translate research and scientific innovations into commercially viable, investment-ready spinout companies.The role requires hands-on venture-building experience and an entrepreneurial approach, with responsibility for driving venture strategy, validating market opportunities, developing customer-centric products, and establishing commercial partnerships. The EiR willact in a fractional Chief Executive Officer (CEO) capacity for each assigned venture, providing operational and commercial leadership throughout the venture development process.The goal for the year is simple: get ventures spinout ready. Success is defined by proving clear evidence of market demand, developing a customer-centric product, securing pilot partnerships, and credible pathways to VC funding.Subject to successful completion of the engagement, performance, and mutual agreement with the relevant founding team, the EiR may have the opportunity to join a venture as a co-founder and equity shareholder. This transition will depend on the needs and progress of the venture and agreement between the parties.Major ResponsibilitiesProduct-Market ValidationTranslate early technologies into commercial value-propositions and market-ready MVP.Conduct structured customer interviews to validate problem-solution fit and define target user profiles.Establish product differentiation by analyzing market size, and competitive landscape.2. Commercial ExecutionBuild unit economics, pricing models, and go-to-market strategies.Explore enterprise partners, negotiate trial agreements (LOIs, MOUs),and oversee field pilots.Evaluate founding team capabilities to address key skill gaps before launch.3. Investment Readiness & Continuation PathwaysCreate pitch decks, financial models,and data rooms while leading investor meetings and managing the VC pipeline.Connect ventures with follow-on funding(e.g. programs, grants)to support long-term growth after the program.Personal RequirementsCompetenciesRoll-Up-Your-Sleeves Mindset: High tolerance for ambiguity anda drive to execute tasks directly, from drafting commercial emails to managing field trial logistics.Business Development: Strong ability to initiate commercial outreach and negotiate pilot terms. Academic-to-Industry Translator (Preferred): Ability to establish credibility with scientists and bridge lab innovation with market speed, customer priorities, and commercial trade-offs.QualificationsBachelor’s degree in a STEM discipline is required.MBA combined with a technical undergraduate background is strongly preferred.ExperienceStartup Leadership: Proven track record as a founder or startup leader who has successfully built and scaled technology startups (ideally in Saudi Arabia).Technical Literacy: Strong commercial background and technical literacy in deep-tech development. Product Development: Proven ability to define, execute, and iterate on MVP roadmaps based on market requirement.Market & Pilot Discovery: First-hand experience driving customer discovery, identifying beachhead markets, and managing field pilots.Deal-Closing: Deep experience in sales, contract negotiations, and building strategic partnerships.Fundraising Record:Demonstrated success securing early-stage capital from venture capital funds, angel networks, or corporate venture arms.