Accepted companies will now receive US$130 000 additional to a worldwide on-site mentoring program in exchange for equity.
The aquaculture investor HATCH is recruiting for its 4th accelerator program, offering companies mentorship, financing and industry access. The program is backed by their in-house $8.4M fund, offering follow-on investment for top performers.
Having started in Norway 2018 with their first six investments, the accelerator program now spans the globe. Offices and industry contacts in Hawaii, Bergen and Singapore offer first-class partnership building opportunities for program participants and exposure to all relevant players of the aquaculture industry.
After having made significant changes in 2019 by upgrading the program to a larger cohort and increasing investment while adding two new locations to the schedule, the “2020 Global Cohort 4.0” will see another step up in investment for each successful applicant.
The program will have a duration of 15 weeks, follow the Hawaii-Bergen-Singapore route and begin on August 17th in Hawaii. Contrary to 2019’s 13 spots, it is limited to ten companies, of which each will receive $75 000 cash investment as well as $55 000 in-kind value.
HATCH’s investment philosophy assumes that the aquaculture industry needs to increase its efficiency and make its way of operation more sustainable through innovative technology.
Managing partner and co-founder Georg Baunach states:
“We believe that currently the most important tasks are to improve the technological level of farming and to find alternatives to traditional feed ingredients – and thereby increase the sustainability of the sector.”
Growing from 3 founders in 2018 to ten full-time staff members in 2020, HATCH has assembled a team that is up to the task, covering environmental science, innovation, marketing, business management, nutrition and technology.
Managing partner and co-founder Dr. Carsten Krome adds:
“At this point, every HATCH team member has either run one cohort of a larger size and/or collected significant on-farm experience, visiting different parts of the value chain from hatchery to distribution. This and feedback from our previous cohorts give us confidence that we can fully deliver the value we are promising.”
Within the last year, the HATCH portfolio has received +$10M in external investment and licensing deals in volume of +$40M. The investment focus areas of HATCH are nutrition, health, biotech, production methods, and technology.
Head to www.hatch.blue/program to learn more and apply.