Entrepreneurs apply to Food Hatch because they understand that in order to succeed in any area related to the food business you need more than just capital. Besides for providing funding to grow your business, Food Hatch provides portfolio companies the extra 'value add' within the food business that will offer your company access to invaluable expertise from executives who have years of broad experience within the food industry.
Food Hatch is actively looking to invest in exciting promising seed and early stage food related companies. So, whether you are a company that is creating the next great food product or you are company that has just developed the next great food app; we happily invite you to apply for our funding, guidance and support.
Email us : info@foodhatch.co
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We are always on hand to answer any questions or queries that you may have regarding your application for Food Hatch support. Below is a list of the most frequently asked questions.
What is the Food Hatch Accelerator program?
Food Hatch's accelerator program enables seed and early stage food related (including foodtech, food products, ecommerce, food content etc) companies to access the benefits of Food Hatch's valuable expertise and relationships that we believe are unparalleled within the food industry.
How do I apply?
Simply fill out our online application.
Do I need to have a business plan in order to apply ?
No. We are more interested in your business model than a formal business plan. We may ask for a presentation deck or executive summary as part of our review of your application.
What are the criteria for applying?
It is pretty straight forward. We are looking for food related businesses that are looking for seed or early funding and would also benefit from the food industry and business expertise of our team of mentors and advisors.
At what stage will Food Hatch invest in companies?
Food Hatch invests in seed and early stage food related companies.
Will Food Hatch invest in companies that need additional capital (beyond the amount offered by Food Hatch) to grow their business? Will Food Hatch acquire food companies?
Food Hatch is focused solely on seed stage investments between $18,000- $35,000. However, Food Hatch's affiliated operating companies will consider investing higher amounts of growth capital into synergistic profitable food product companies that are seeking investment or seeking to sell their food related business. Please email us at sam@foodhatch.co or call 239-449-3234 for additional information.
How much does Food Hatch Accelerator invest in each company? What percentage of the company does the Accelerator program receive?
Food Hatch invests between $18,000 to $35,000 and receives between a 6-8% equity stake in each company selected into the program.
Why does Food Hatch receive equity in my company?
By taking equity, we become your partner. Ultimately we take on the same risk and reward system that you do. It's to our incentive that your company succeeds so equity motivates us to do everything possible in favor of your company.
Why would a food related company apply to join Food Hatch Accelerator?
Food Hatch is the first food dedicated investment accelerator program which is designed to meet the needs of food related companies. If your company is creating the next big thing related to any part of the food space - we can help! Food Hatch's accelerator program enables a wide range of seed and early stage companies to get the benefit of Food Hatch's valuable expertise and relationships that are unparalleled within the food industry. We believe that the expertise, relationships and knowledge required for a successful food business requires a food focused approach. That is why we 'hatched' Food Hatch. See also Food Hatch value add below.
How many companies does the accelerator program accept? Are there summer sessions and Spring sessions?
Food Hatch accepts up to 5 companies at any given time within the program. Applications are accepted at any time on a rolling basis. There are no spring sessions or summer sessions and there is no spring break.
How long will Food Hatch work with portfolio companies to help them succeed?
We strongly believe that a food related company needs more than 3 months to hatch and we strongly believe that a partner remains a partner for as long as it is needed. So, Food Hatch will be there to work with you and your company for as long as it takes.
Money is really important, but what other value can Food Hatch bring to the table?
At Food Hatch Capital Growth program and Food Hatch Accelerator program, We're investing other valuable resources in future success of your company: feedback and guidance from mentors and advisors, instructional programming, access to a wide variety of sales channels, legal, accounting structure, corporate finance, and design and development services from our partners . Our focus is on providing resources so you can focus on building a great business or product.
Does my location make a difference for being accepted into the program?
No. Food Hatch was created with the goal of assisting businesses no matter where they are located. We strongly encourage companies to apply regardless of their location.
Will Food Hatch sign an NDA ?
We see many applications and many of them include similar ideas. For this and other practical reasons, please don't ask us to sign an NDA. Our application does not ask for your 'secret sauce' and there is no reason you have to disclose this to us if you're not comfortable doing so.
What if I'm not from the United States? Can I apply?
Yes. As long as you meet the application criteria, you can apply. We welcome businesses from outside the United States of America.
Is my company too big or not early stage enough to apply to the program?
No. We will try to work with businesses of any stage or size, as long as we feel we can add value. If we do decide that your business is outside the parameters of our program's value, we may attempt to use our business relationships to get you the assistance and support you need.
After applying to the program, should I contact Food Hatch or any of the team members directly?
No. We receive a large number of applications and will respond to everyone that applies. Reaching out to our team members directly may delay and only add confusion to process.
Should you have any questions after submitting your application, please feel free to reach out via our Contact page on our website and we'll be sure to get back to you and answer any questions you have.
What do we look for in Food Hatch Team Members?
We seek proven successful, accomplished, innovative and talented individuals. We want to know that you can add value to the companies participating in our program. Being referred from a current Mentor team member is a big plus and may assist in the consideration process.
