How much funding can be received?

There is no informations about how much funding can be received.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the Entrepreneurship@UBC Hatch?

Entrepreneurship@UBC Hatch is funded by University of British Columbia

What are Entrepreneurship@UBC Hatch's eligibility criterias?

A team consisting of a minimum of two committed members, with at least one member full-time and plans for the second to transition to full-time. The venture must be incorporated with legal counsel, insurance, and an advisory board in place. The product concept should be fully developed, with a proof-of-concept in a simulated environment at TRL Level 6.

Entrepreneurship@UBC Hatch

grant_single|update January 24, 2025

BC, Canada

Incubator for University of British Columbia (UBC) innovators

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Researchers And Facilities

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Professional, scientific and technical services

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University of British Columbia

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Combination of support, space, community and access to investment opportunities to help UBC entrepreneurs succeed.

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The HATCH Venture Builder program is designed to support entrepreneurial ventures striving for significant commercial milestones. Eligible projects focus on advancing ventures through strategic resources and networking opportunities.

Projects aimed at securing capital, such as closing a Seed or Series A investment.
Initiatives focused on completing major commercial partnerships.
Efforts to achieve repeatable sales or establish solid product-market fit.
Activities working towards an asset or company acquisition transaction.
Efforts to technically de-risk innovations through access to makerspace facilities.

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$ 100,000

Developing a solar energy solution for residential homes

$ 90,000

Launching a sustainable coffee shop employing marginalized individuals

$ 150,000

Opening a mental health wellness center for youth

$ 85,000

Creating an app for elderly care management

$ 60,000

Establishing an indigenous arts and crafts cooperative

$ 75,000

Creating an online platform connecting small farms with local consumers

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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."

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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.

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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.