Faqs

WHAT IS THE APPLICATION PROCESS/HOW LONG DOES THE PROGRAM RUN FOR?


We accept individuals on a rolling basis. Once you've been accepted, you do not need to apply again (this applies to all types of members). We will release challenges periodically throughout the year for members to form teams and projects around; we will also have an 'open' project space where individuals can create freeform projects. Our courses & other features will always be available.




HOW IS HATCHUB DIFFERENT THAN ACCELERATORS/INCUBATORS?


*The "accelerator/incubator" aspect is just one of the components of Hatchub - and we use the term loosely.* Hatchub isn't just about helping founders expand an idea/product that is already established. Our goal is to connect the next generation of innovators and learners from around the world and train them on how to use their diverse talents in teams to create world-changing products. We provide guidance and assistance at each step of the process. *Our members are not obligated to create/work on a business; (ex. they can choose for themselves whether or not they want to be an innovator or just a learner - or an innovator & a learner - members have full flexibility to utilize any of our offerings when they decide it is best for them to do so).* We aren't bound to a certain timeframe or location. We believe that anyone can be a successful founder if they have a deep inner drive; we, therefore, treat everyone the same, and do not have a one-dimensional definition of "entrepreneur." We are a global innovation-focused learning platform, society, networking site, & venture capital firm all in one.




WHAT'S THE TIME COMMITMENT?


There are no mandatory sessions at Hatchub for innovators. You may choose to engage in a challenge and form a team at any time. If you want to be eligible for early-stage funding through our Hatchx fund and participate in showcase events, you must be an active participant in our community by creating projects with other members within the appropriate challenge's timeline. Learners must attend class sessions (the times are determined by the instructors).




WHAT IF MY BUSINESS BECOMESS SUCCESSFUL/I WANT TO WORK FOR A COMPANY OUTSIDE OF HATCHUB? DO I RESCIND MY HATCHUB MEMBERSHIP?


If your business should become successful or you want to only work for a company outside of Hatchub, we hope that you will consider becoming a Hatchub advisor to continue to share your expertise with our learners/next generation of founders.




WHAT ARE THE IN-PERSON EVENTS?


Hatchub will have showcases throughout the year at various locations after the close of a series of challenges. We will invite business professionals, investors, and other entreprenuers to learn about your products. In addition, there will be fun, casual meetups for community members to get to know one another, and learn more about innovative technologies and sciences.




HOW MUCH DOES THE PROGRAM COST?


There is a small membership fee. In addition, there will be in-app subscription costs to access advanced features. There are discounted fees for members to attend events. Accepted individuals can apply for need-based scholarships.




WHAT IS THE HATCHX FUND?


The Hatchx fund was created to provide priority early-stage funding for Hatchub community products that have the greatest potential to change the world.




DOES HATCHUB PROVIDE INDUSTRY RECRUITING ASSISTANCE?


Yes, Hatchub will partner with businesses to simplify their recruting processes. We believe that by allowing recruiters to see how potential candidates lead and collaborate on teams, they can have a better idea of who would be a good fit for their business.




WHAT'S IN HATCHUB'S FUTURE?


We will establish physical co-working spaces (hubs) around the world to further facilitate collaborative innovation & learning for our entrepreneurs & learners. Hatchub will bring the Bay Area to you - there will be periodic pitch events, learning opportunities, meetups, and visiting mentors, investors, etc. There will also be a Hatchub magazine (primarily online) in the near-future. (And that's not all...)




ARE THERE UNIVERSITY STUDENT PARTNERS?


Yes, Hatchub will select current members from universities all over the world to recruit the most driven emerging innovators.




DOES HATCHUB TAKE EQUITY?


Hatchub will take 2% equity of every company that goes through our program, unless you pay the full innovator program fee.




DO MY TEAMMATES HAVE TO BE HATCHUB MEMBERS?


No, your teammates do not have to be Hatchub members. Your team will still be eligible to apply for funding. Your non-Hatchub teammates won't receive most of the other Hatchub membership perks.





Program

WHAT'S THE TIME COMMITMENT?


You may choose to engage in a challenge and join a team at any time. When Hatchub innovators reach out to ask if you would like to be an advisor for their team, you have full freedom to either accept or deny the offer. We do ask that you make time periodically throughout the year to engage with our community.




ARE THERE ANY FEES?


No, there are not any membership fees for advisors, unless you want to receive access to our course offerings by adding the "learner" membership type. There are discounted costs to attend events.




WHAT'S THE INCENTIVE TO BECOME AN ADVISOR?


In addition to helping drive the next generation of innovation, for each team you choose to advise, you will receive a portion of the business's equity - negotiated between you and the founders.




WHO CAN BECOME AN ADVISOR?


Anyone who has substantial experience within a certain field/domain and is driven to help the next generation of entrepreneurs/learners succeed can become an advisor. Some of our current advisors are Y-Combinator alumni, university professors, and are from companies such as Oracle.




HOW DO I APPLY TO BECOME AN ADVISOR?


To apply to become an advisor, fill out the following form: https://hatchub.typeform.com/to/dbWwQEO8




WHAT KIND OF WORK IS AN ADVISOR EXPECTED TO DO?


Using your industry knowledge, you will provide guidance in solution/product formation.




HOW DO I APPLY TO BE ON THE ADVISORY BOARD?


We are not currently looking for more people to join our advisory board.





Advisors

Company Positions

WHAT'S THE TIME COMMITMENT?


You may choose to engage in a challenge and join a team at any time. When Hatchub innovators reach out to ask if you would like to be an advisor for their team, you have full freedom to either accept or deny the offer. We do ask that you make time periodically throughout the year to engage with our community.




ARE THERE ANY FEES?


No, there are not any membership fees for advisors, unless you want to receive access to our course offerings by adding the "learner" membership type. There are discounted costs to attend events.




WHAT'S THE INCENTIVE TO BECOME AN ADVISOR?


In addition to helping drive the next generation of innovation, for each team you choose to advise, you will receive a portion of the business's equity - negotiated between you and the founders.




WHO CAN BECOME AN ADVISOR?


Anyone who has substantial experience within a certain field/domain and is driven to help the next generation of entrepreneurs/learners succeed can become an advisor. Some of our current advisors are Y-Combinator alumni, university professors, and are from companies such as Oracle.




HOW DO I APPLY TO BECOME AN ADVISOR?


To apply to become an advisor, fill out the following form: https://hatchub.typeform.com/to/dbWwQEO8




WHAT KIND OF WORK IS AN ADVISOR EXPECTED TO DO?


Using your industry knowledge, you will provide guidance in solution/product formation.




HOW DO I APPLY TO BE ON THE ADVISORY BOARD?


We are not currently looking for more people to join our advisory board.





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