There’s a lot of resources for the blossoming entrepreneurial community in New York City and one of those treasurers is The Hatchery, led by Yao Huang. She’s recently expanded to a brand new location enabling events and office space to happen. Instead of looking for space to hold events, The Hatchery now has it’s OWN place to hold events and mentor and nurture entrepreneurs.
I asked Yao a few questions about the expansion.
What is the Hatchery
The Hatchery is a venture collaboration forum, building a community of entrepreneurs, emerging companies, and investors, via its events, advisory services, and incubator.
What limitations did you have at the previous Hatchery offices
It wasn’t meant for coworking and large scale events. It was our office (the web development part of what Yao does) where we worked with companies.
Why this new space and what more will it offer
It is 16,000 square feet at 500 Seventh Ave that will allow coworking, offices, and house an accelerator program. It brings together the various spectrum of growing a company. Giving a place where all can interact and collaborate. The Sweat Fund will help with revenue generation for the companies. The numerous event spaces help bring access and resources for the companies here as well as those in the community. I know top on the entrepreneur’s minds are investors and we help bring the access through investor office hours, speaker series, and pitch events. We bring other resources as well — our focus is the success of those here. But it starts with the companies.
So you’re a combination of incubator, office space, event space, community hang out?
It’s a community in the end. And companies are not all at the same place in the growth spectrum. It’s important to have a melding of entrepreneurs at various stages and also provide a place for growth physically and through content and access. An EdTech accelerator program will be housed here growing education technology companies… coworking space for those just starting…. offices for those moving along… and a place the community can gather to share in a way that is supportive of them as well. It’s about being easy and accessible.
Are you looking for certain types of entrepreneurs
We are looking for tech entrepreneurs with great projects. Ideally those where introductions to opportunities would mean the world of difference to them.
Since your founding in 2007 there have been a lot of “startup community” initiatives all over NY, do you find the culture has changed for the better?
Absolutely! There are more incubators, coworking, events, more ideas, more companies, more confidence and support and we want to continue to foster that. Now we feel its time to change the numbers on success. Success may mean different things for different people…. sometimes its living a good life or getting investment funding or selling a company…. they are all valid… and we would like to allow entrepreneurs to achieve their goals.
Does The Hatchery provide any unique value that other community and venture organizations do not provide?
The Sweat Fund – a group of connectors making deals happen for companies. A focus on revenue to success. Open approach to community access.
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