Since 2013, Hatch has pioneered a unique approach to enterprise incubation and entrepreneurship support activities across London are one of the UK’s leading community enterprise charities tackling social inequality. Hatch works with three distinct target groups:
- Social Enterprises: They face all the regular start-up challenges in addition to a whole other set, such as evaluating impact or legal and regulatory hurdles.
- Young entrepreneurs: Aged 18 – 30 from disadvantaged communities. Their issues may not just economic, be it matters of social housing, mental health, etc.
- Female Founders: Many women find it difficult to get their business off the ground as they often face additional challenges not typically shared by their male counterparts.
Hatch’s programmes help start-ups validate their business model, improve their marketing strategy and increase their sales. They help social entrepreneurs build a strong community of peers, by exchanging ideas and swapping skills.
The funding provided from Postcode Innovation Trust Social Enterprise Support Programme will help deliver 2 impact accelerators, 1 impact incubator as well as an Alumni Programme. They will support 36 Social Enterprises through these programmes. The impact accelerators overall programme consists of group learning sessions (Impact Incubator Labs), complementary 1-2-1 Support (Coaching, Consulting, Mentoring), Events (Demo Days, Award Ceremonies) and Accountability sessions.
The Impact Incubator uses the same methodology as the Impact Accelerator but is less intense in both duration and depth. Instead of 2 – 3 Labs on each topic, they offer 1 lab session per topic. The overall programme consists of group learning sessions (Impact Incubator Labs), complementary 1-2-1 Support (Coaching, Consulting, Mentoring), Events (Demo Days, Award Ceremonies) and Accountability sessions.
Hatch also received funding for their Rapid Response and Rebuilding programme in response to the COVID-19 pandemic. Social enterprises will be supported with a 12-month programme, consisting of a six-month rapid response phase and a six-month rebuilding phase. They will provide:
- Signposting to the help and support available
- Helplines for ventures in crisis
- Business clinics
- Help with adaptation of services
- Corporate skilled volunteering.