EIR meaning in General ?

An Entrepreneur in residence, or Executive in residence (EIR), is a position most often held by successful entrepreneurs in venture capital firms, private equity firms, startup accelerators, law firms or business schools. The EIR typically leads, or has led, a small, early-stage, emerging company deemed to have high-growth potential, or which has demonstrated high-growth in its number of employees, annual revenue, or both. An institutional fund may provide an entrepreneur in residence, or executive in residence, with the working capital to nurture expansion, new-product development, or restructuring of a company’s operations, management, or ownership.