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Hatch House Open 2015

 

 

Overview:

 

The Hatch House Open is designed to support ideas, concepts, and seed-stage companies through impactful monetary rewards as well as strong, ongoing, in-kind support. Capital is an important part of our awards, but we place an even larger value on the network, investor exposure, and mentorship we award our winners. You should too!

The Founders and judges within The Hatch House Open are keenly aware of what struggles you face in applying to business competitions. That is why we designed a competition that asks thought provoking questions and breaks down your business model, requiring you to think differently. The questions are intended to help you understand both your model and the market at large; in new, fascinating ways. If you don't advance, not only will we tell you why with thoughtful critique, but you will have spent time crafting responses that require a new way of thinking leaving you with a better understanding of your start-up's future.

 

Prizes:

First Place:

Cash Prize: $5,000

In-Kind Prizes Valued At: $10,410 

Consulting Hours: 
-30 hours from Gen-Y Consultants

Accounting Hours: 
-Free Tax Filing: Werner & Co
-Preparation and submission of online federal Form SS-4 Application for EIN.
-Assistance with preparation and submission of Business Registration.
-QuickBooks chart of accounts and basic set-up assistance.
-1 Hour specialized tax consulting for choice of entity and preparation of any necessary election

IP Law Consulting and Free Work: 
-8 Hours

 

Second Place:

Cash Prize: $2,000

In-Kind Prizes Valued At: $5,503 

Consulting Hours:
-15 hour from Gen-Y Consultants

Accounting Hours:
-1 Hour specialized tax consulting for choice of entity and preparation of any necessary election. 
-QuickBooks chart of accounts and basic set-up assistance.


IP Law Consulting:
- 4 Hours

 

Third Place:

Cash Prize: $1,000

In-Kind Prizes Valued At: $2,357 

Consulting Hours: 
-10 Hour from Gen-Y Consultants

Accounting Hours:
-1 Hour specialized tax consulting for choice of entity and preparation of any necessary election  
  

 

 

In addition to the above, finalists can expect the following:

 

1) Round trip, all expense paid trip our our Lehigh Valley, PA location for 3 days and 2 nights to present in front of judging panel, two venture capitalists, and a national angels network.

 

2) Hours of one-one-one Skype consulting with Gen-Y Consultants, a premium consulting agency focused on helping young entrepreneurs launch and grow companies effectively. More hours for accounting and legal help along with pre-paid services such as tax filings.

 

3) Half day one-one-one with a Venture Capitalist at the conclusion of the final presentations.

 

What the Hatch House Open is not:

 

1.) This competition is not a "black hole" of applicant submissions. Ever spend endless time on an application only to never hear feedback on why you didn't advance? We understand that feeling. We promise sound advice and critique. If you do not advance, you will leave with an understanding on where your model fell short and where you can improve upon it.

2.) This contest does not supply you with just capital. We've partnered with Venture Capitalists and Angel Investors to provide our finalists real value via pitch opportunities to take your model to the next level. Furthermore, our partners consist of service professional providers and a consulting firm, Gen-Y Consultants, that will show you how to effectively use your earned winnings to their highest potential. 

 

Judges:

 

We have 22 judges with experience in virtually every field, so each type of applicant will be appointed a judge with knowledge and insight into your business model. That said, it is not the industry we are judging, but rather the commercialization strategies, market acumen, and company promise you demonstrate through your thoughtful responses to our application. 

Our judges range in industries such as venture capital, consultants, business owners, angel investors, and CEOs.

 

Eligibility:

 

If you can answer "No" to the following question, you and/or your team are eligible to apply:

1.) Have I been in business for 5+ years?

See, that was easy. Good luck!

 

 

 

 

 

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