Entrepreneurship@UBC Hatch
BC, Canada
Incubator for University of British Columbia (UBC) innovators
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
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- grant_single|timelineUnspecified
grant_single|financingType
Researchers And Facilities
grant_single|eligibleIndustries
- Professional, scientific and technical services
grant_single|grantors
- University of British Columbia
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grant_card_status|open
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Combination of support, space, community and access to investment opportunities to help UBC entrepreneurs succeed.
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This grant is available predominantly to ventures associated with the University of British Columbia (UBC) considering the collaborative nature of HATCH with entrepreneurship@UBC and ICICS. Although the grant does not specifically limit eligibility to certain geographical areas, its focus on UBC-affiliated entities suggests a primary interest in ventures emerging from these academic and local environments.
- Ventures associated with the University of British Columbia (UBC).
- Entities benefiting from resources provided by ICICS, which is based in British Columbia, Canada.
grant_single|admissibleProjectsExample
$100,000
Vancouver
Developing a solar energy solution for residential homes
$90,000
Toronto
Launching a sustainable coffee shop employing marginalized individuals
$150,000
Montreal
Opening a mental health wellness center for youth
$85,000
Halifax
Creating an app for elderly care management
$60,000
Ottawa
Establishing an indigenous arts and crafts cooperative
$75,000
Calgary
Creating an online platform connecting small farms with local consumers
grant_single_labels|admissibility
Eligibility for the HATCH Venture Builder is determined by specific criteria related to the team's composition, technology readiness, market traction, financial preparedness, and adherence to a code of conduct.
- The team must have a minimum of two committed members, with at least one member full-time, and a plan for the second to transition to full-time at an agreed milestone.
- The team must demonstrate self-determination, accountability, and progress on business milestones.
- The venture must be incorporated, have retained legal counsel and appropriate insurance, and have the beginnings of an advisory board.
- The product concept must be fully developed with a proof-of-concept in a simulated environment, at TRL Level 6 model or prototype.
- If the innovation is patentable, clarity on Freedom to Operate or path to protection must be established.
- There must be a clearly defined product-market fit and a problem definition validated with customer archetypes.
- The venture must determine whether its business model is based on product sales or partnerships.
- The team must have a sustainable business and financial model in place.
- The venture must have operating runway and a plan for growth trajectory.
- The team must have a vision for the venture's scalable strategy or "exit."
grant_eligibility_criteria|who_can_apply
This grant is designed for interdisciplinary innovators at UBC who are building ventures with significant social, environmental, and economic impact. It supports teams at an advanced stage of development with a focus on commercialization and scaling.
- Interdisciplinary UBC venture teams with at least two committed members.
- Teams must have a full-time commitment from at least one member and a plan for the second member to transition to full-time.
- Ventures must be incorporated, with legal counsel and initial advisory boards in place.
- Products must be at Technology Readiness Level (TRL) 6, with proof-of-concept in a simulated environment.
- Clear path to patent protection if applicable.
- A well-defined product-market fit validated with customer archetypes.
- Sustainable business model and financial planning established.
- Vision for scalable strategy or exit included in the team's growth plan.
- Adherence to the venture program's code of conduct required.
grant_eligibility_criteria|eligible_expenses
The HATCH Venture Builder grant supports projects led by interdisciplinary innovators seeking to drive social, environmental, and economic impact through venture creation. Eligible projects focus on reaching transformative commercial goals and leveraging cutting-edge resources and mentorship provided by entrepreneurship@UBC and ICICS.
- Projects aiming to close a Seed or Series A investment round.
- Initiatives working towards completing major commercial partnerships.
- Ventures striving for repeatable sales or significant market traction.
- Efforts leading to asset or company acquisition transactions.
- Projects utilizing ICICS's makerspace for technical de-risking and innovation development.
- Initiatives building first teams and gaining initial customer relationships or investor support.
grant_eligibility_criteria|zone
The grant provides support for the essential resources and infrastructure needed to advance venture development and commercialization.
- Access to office space and collaborative work environments.
- Use of shared wet lab space or makerspace for product development.
- Support from dedicated Entrepreneurs-in-Residence (EiR) and advisory teams.
- Operational venture-building programming and workshops.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Assess Eligibility
- Ensure your team meets the specified eligibility criteria.
- Verify incorporation and legal status, team commitments, and technical readiness.
- Step 2: Prepare Application Materials
- Develop a detailed venture plan including business milestones and projected commercial goals.
- Compile relevant documents such as proof of incorporation, legal agreements, and evidence of technical and market validation.
- Step 3: Complete Application Form
- Fill out the application form provided by entrepreneurship@UBC or ICICS.
- Ensure all sections are accurately completed and required information is provided.
- Step 4: Submit Application
- Submit your completed application through the designated submission platform or email address provided by the program.
- Ensure submission is done before the application deadline.
- Step 5: Receive Confirmation
- Wait for a confirmation email acknowledging receipt of your application.
- Keep this confirmation for your records.
Apply to this program
Accelerating Global Impact Through the HATCH Venture Builder Grant
The HATCH Venture Builder Grant offers a unique opportunity for interdisciplinary innovators at UBC to receive critical support and resources for developing ventures that have the potential to drive substantial social, environmental, and economic progress. By leveraging deep collaborations between entrepreneurship@UBC and the Institute for Computing Information and Cognitive Systems (ICICS), this grant seeks to nurture transformative ventures aimed at addressing significant global challenges.
In-depth Exploration of the HATCH Venture Builder Grant
The HATCH Venture Builder Grant is meticulously designed to foster the growth and success of ventures that emerge from the University of British Columbia's vibrant ecosystem. This program is a testament to the strong partnership between entrepreneurship@UBC and ICICS, reflecting their shared commitment to nurturing interdisciplinary collaborations that aim for impactful solutions on a global scale. The grant prioritizes ventures that are positioned to make significant social, environmental, or economic contributions by solving pressing global challenges. Eligible applicants are those who have transitioned from the Venture Founder stage, demonstrating a readiness to advance their innovations into scalable business models.
One of the remarkable features of the HATCH Venture Builder Grant is its comprehensive support structure, which includes access to a wide array of resources. Ventures are provided with dedicated Entrepreneurs-in-Residence (EiR) and advisory teams who offer tailored guidance to help navigate the complex journey from innovation to commercialization. Regular quarterly check-ins ensure that ventures are progressing according to plan, as well as allow for any necessary adjustments in strategy and execution.
Furthermore, the program emphasizes the importance of technical development and risk mitigation. ICICS provides access to high-end facilities, including shared wet labs and world-class makerspaces, which allow ventures to technically de-risk their innovations in a collaborative environment. This hands-on approach is key to building a robust, practical foundation for future success.
The HATCH Venture Builder Grant also values the role of community and network in fostering growth. It offers ventures opportunities to build relationships with potential customers, partners, and investors through various showcases and networking events, such as the Fall Venture Showcase and Spring Investor Showcase. These events are crucial for raising brand awareness and connecting with industry leaders and potential financiers, thus enhancing the ventures' visibility and appeal.
As ventures progress, they benefit from strategically designed programming that addresses both foundational and operational aspects of business building. This includes workshops, access to business interns, and comprehensive mentorship programs that prepare teams for critical milestones, such as securing seed investments or forming significant commercial partnerships. Teams are encouraged to build an advisory board early on to leverage additional perspectives and expertise that can aid in overcoming obstacles and seizing opportunities in the competitive market landscape.
Moreover, the HATCH Venture Builder Grant ensures that physical space does not become a barrier to creativity and growth by providing access to strategically located office spaces at UBC Robson Square and the Graham Lee Innovation Centre. This geographical advantage enables ventures to easily engage with the university community and external partners, thus fostering a culture of collaboration and innovation.
In essence, the HATCH Venture Builder Grant is not merely a provider of financial resources but a catalyst for ventures aiming to reshape industries with impactful innovations. By participating in this program, ventures not only receive the backing they need to thrive but also become part of a dynamic and supportive community dedicated to solving some of the world's most urgent issues.
