Building a Better World Through Entrepreneurship
Hatch’s mission is to provide support for underrepresented founders through our unique programmes designed by entrepreneurs for entrepreneurs.
Our vision is to help build an equitable society with an inclusive ecosystem where everyone has access to the power of entrepreneurship, and in doing so; encourage a fair economy, strong communities, and a better world.
Let's take a look back...
More than nine of 10 startups will fail within their first decade without sufficient support.
To level the playing field, Hatch partnered with bigger organisations such as J.P. Morgan to lessen the financial barrier many founders face, especially in the startup years.
From the beginning, Hatch has had a big impact on the businesses it’s supported.
The businesses that went through Hatch’s first Incubator programme had a business survival rate of 95% after their first year and reported an average increase in turnover by 30% after six months and an increase in their customer base of over 56%.
Alongside young entrepreneurs, Hatch has always believed in providing support for founders from all underrepresented communities due to their increased socioeconomic barriers.
In 2014, our cohorts reflected this mission, with 65% of entrepreneurs from black and minority ethnic groups, and 60% identifying as women. Of which, 92% of their enterprises have had a strong social impact.
How about now?
Since 2014, we’ve supported more than 6,700 UK entrepreneurs to flourish, building a vibrant network of partners, funders and investors who share our vision in the process.
This year we delivered support to 744 founders from underrepresented communities, such as founders frome black and minority ethnic groups (71%), women and people of marginalised genders (80%), and young people (26%).
We are also trying to expand our reach to all parts of society with need, reflected through 16% of founders this year reporting that they live with a disability, and 27% being based outside of London.
The majority of founders we support run a business that has some form of social or environmental mission, and every programme is co-designed with the founders who are on it, meaning every cohort is tailored to allow them to tackle their most pressing business challenges.
How do we provide support?
Starting a business is hard, made even more so when there is little access to expertise, funding and networks.
Across all of our support programmes, when we asked founders about the areas of knowledge and expertise that they felt had seen the biggest improvements before and after completing a Hatch programme, these were:
The founder having the ability to manage their wellbeing, up by 120%
The founder feeling they now had the skills and ability to lead their organisation effectively, up by 115%
Having the skills and knowledge to measure and communicate their organisation’s impact, up by 77%
One of the ways we support entrepreneurs is through our cohort programmes, which provide tailored support for founders at every stage of their entrepreneurship journey, from the idea stage, to start-up stage, through to growing and scaling an organisation or business.