Driving global impact through venture creation

The HATCH Venture Builder is a collaborative initiative between entrepreneurship@UBC and the Institute for Computing Information and Cognitive Systems (ICICS) supporting UBC’s thriving community of interdisciplinary innovators who are building ventures driving social, environmental and economic impact to solve some of the world’s most pressing problems. Together, both organizations have created a place where entrepreneurs with the drive to shape a better world receive the guidance and resources to achieve their greatest potential.     

 

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The HATCH Venture Builder is made possible in partnership with the Institute for Computing, Information and Cognitive Systems (ICICS). 

 

HATCH Overview

The HATCH Venture Builder (formerly the HATCH Accelerator) supports teams with dedicated EiR and advisory teams, regular quarterly check-ins, continued foundational and operational venture-building programming, office space, and access to shared wet lab space or maker space.  HATCH ventures spend as little as twelve months or as many as 24 months working towards a transformative commercial goal such as (but not limited to) closing a Seed or Series A investment, completing a major commercial partnership(s), achieving repeatable sales, or completing an asset or company acquisition transaction. HATCH ventures have the opportunity to raise brand awareness, build an investor network and access capital raising opportunities through our Fall Venture Showcase, our Spring Investor Showcase, and many other networking, pitching and thought leadership events.

entrepreneurship@UBC and ICICS are able to provide venture teams with the space, resources, and expertise needed to take a business to the next level, whether that’s building a relationship with a first customer or securing a first major investor. Among the physical facilities venture builders will have access to, ICICS provides an environment where early-stage companies can technically de-risk their innovation in a world class Makerspace, build their first teams with collaborative office spaces, access technical interns and an alumni network. 

entrepreneurship@UBC's bench of industry expertise, workshops, business interns, investor networks and a range of other resources are designed to support innovations with strong commercial potential. In addition to the office and Makerspace within ICICS, ventures in the HATCH Venture Builder stage with entrepreneurship@UBC, also have access to office space at Robson Square and hot-desking at the Graham Lee Innovation Centre.

Eligibility 

Following on from Venture Founder, preference is given to teams who meet the following criteria:

Team
  • A minimum of two committed team members, whereby at least one member of the team is full-time, and a plan for the second team member to transition to full-time at an agreed upon milestone
  • Team is driving velocity, demonstrating they are self-determined, and all members are accountable and able to show progress on business milestones
  • Venture is incorporated, has retained legal council and any appropriate insurance, as well as the beginnings of an advisory board
Tech
  • Product concept is fully developed and has a proof-of-concept in a simulated environment
  • TRL Level 6, a model or prototype. See TRL definitions here to estimate the level of development of your innovation
  • If a patentable invention, clarity on Freedom to Operate or path to protection has been established
Traction
  • Clearly defined product-market fit and problem definition validated with customer archetypes
  • Determined whether or not business model is predicated on product sales or partnering
  • Developed sustainable business and financial model
Treasury
  • Operating run-way and plan for growth trajectory
  • Team has a vision for their venture's scalable strategy or "exit" 

At least one member of the team must be a UBC student, faculty member or staff member, or a recent UBC alumni (within 5 years of graduation). 

What you get

  • Ventures in the HATCH Venture Builder stage of entrepreneurship@UBC have access to over 10,000 square feet of office and maker space within ICICS, office and meeting space at Robson Square and hot-desking at the Graham Lee Innovation Centre. The HATCH Makerspace and wet lab space in ICICS supports the testing, developing and launching of new and innovative products. An onsite technician is available for equipment guidance and tutorials. Our ongoing faculty collaborations means we continue to source opportunities to access many other campus facilities.
  • Venture Builders will attend workshops covering corporate value/vision articulation, team building, revenue and business modelling, fundraising, leadership and management skills, all of which layer on top of the knowledge and skills acquired as a Venture Founder.   
  • Access to CEO MasterMind advanced workshop series for leadership training and skill development to boost survival and growth prospects:
    • business development/sales
    • presenting and fundraising
    • people management
  • Dedicated Entrepreneurs in Residence (EiRs) and Executives in Residence (XiRs) who advise and support company development, sales and marketing, recruiting and fundraising.
  • Access to internship programs. Through our partnership with UBC's Sauder School of Business, ventures are able to access marketing and business analysis support from our Venture Development Specialists. Through support from APSC, and made possible by ICICS, ventures also have access technical interns for engineering projects.
  • Qualifying ventures will also have access to the Concept Fund for pilot development and market access opportunities.
  • Network development through introductions to investors, funders, advisors, and industry-specific senior executives at our various showcases and events.

Where to find us

Teams in the HATCH Venture Builder have access to the HATCH Makerspace and office space at ICICS, office and meeting space at UBC Robson Square, and hot-desking space at the Graham Lee Innovation Centre. 

Locations

We are located across UBC Point Grey and Robson Square Campus. Learn more about out locations

About us

entrepreneurship@UBC propels UBC innovations out into the world through venture creation, providing UBC students, researchers, faculty members, alumni and staff with the resources, networks, and funding they need to succeed.

We are a part of Innovation UBC in the Vice-President, Research and Innovation (VPRI) portfolio

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