Get the co-working space, advice and connections that will help build your business by applying to UCL’s incubator programme.
The Hatchery is a dedicated startup space within BaseKX, UCL’s entrepreneurship hub in King’s Cross. We play host to a community of the university’s most promising startups, providing free, tailored support and dedicated office space designed to fast track your success and get you investment ready. All completely free.
Who can join the Hatchery
The Hatchery incubator and accelerator programmes are available to startups with a viable business venture founded by UCL students, researchers and recent graduates. (If you're a graduate, you’ll need to apply within 3 years of graduating.)
It’s a competitive space. Your business will be assessed by a panel to make sure you’re the right fit, and spaces will only be awarded to the most promising ventures and entrepreneurial individuals.
Your business can be in any sector.
For your best chance at entry, you’ll already have:
- shown passion and commitment in making your business happen
- identified a gap in the market
- tested some features of your product or service with potential users to demonstrate demand
- established the practicalities involved in developing your venture
- registered your business as a legal entity
Benefits of joining the Hatchery
Support can last up to 24 months and is intended to sharpen your entrepreneurial skills as much as helping your business take off.
If you’re accepted into the incubator, you’ll get:
- entry to BaseKX and use of all facilities, including meeting rooms and event space
- up to four hot desks for your team
- a dedicated mentor
- monthly meetings with an experienced entrepreneurship advisor
- office hours with lawyers, accountants and expert facilitators in minimum viable product (MVP) creation, negotiations, etc.
- networking opportunities with angel investors and venture capitalists (VCs)
- access to workshops and training events
- peer support group sessions, monthly socials and opportunities to learn from and grow with like-minded entrepreneurs
After completing the incubator programme, you’ll be invited to participate in acceleration activities. These include an investment readiness programme, clinics and targeted masterclasses. You’ll also be eligible to apply for post-incubation competitions with cash prizes.
The cost of our services is estimated at £30,000 for a three-person business, which you’ll receive without an exchange of equity.
When to apply for the Hatchery programme
We welcome new startups into the Hatchery twice a year, in March and November.
You can apply at any time, but we only review applications twice a year.
To be considered for the next cohort, you’ll need to complete your application by 5 September 2022.
You'll find out if you've been successful 3 to 4 weeks later.
If you're successful, you'll need at attend 5 weeks of intensive business training, starting 1 November 2022.
How to apply
Step 1: Meet with an entrepreneurship advisor
Before you apply, you’ll need to meet with an entrepreneurship advisor who will assess your readiness and suitability for a place on the programme. At the end of the meeting, you’ll either be invited to apply or be given advice on what you need to do to be considered for the next cohort.
Request a meeting with an advisor by filling in the form on our online portal.
All meetings take place on Wednesday afternoons and last 30 minutes.
You should request a meeting with an entrepreneurship adviser at least 2 weeks before the application deadline as this meeting is only the first step in the application process.
Step 2: Create a 4-minute video
If you’re invited to apply, you’ll need to record a video, no longer than 4 minutes, before completing the online application form.
The video does not need to be professional quality. You can be as creative as you like, you might want to use applications like Animoto or Loom to help enhance your video.
Your video should be uploaded to YouTube. You’ll need to include a link to the video in your application form (step 4).
In the video, you should tell us about:
- your business
- the progress you’ve made so far on developing the business
- any traction your business has had or current customers that prove there is a market for your business
- you and your team (if you have one), what relevant skills and experience you/they have
- your biggest achievement(s) so far (related to your business)
- why you’d like to join the Hatchery and how you’ll contribute to the UCL entrepreneurship community
Step 3: Write and submit a business feasibility plan
Email your business feasibility plan to email@example.com with the subject 'Hatchery application for [Business Name]'.
Your entrepreneurship advisor will give you a business feasibility plan template and a guidance document with information on what to include in each section.
Your business feasibility plan must include the following sections:
- Executive summary
- Solution: Product/service description
- Market opportunity and other research
- Go-to-market strategy
- Business and financial model
- Assumptions, validation and traction
- Challenges and business feasibility
Step 4: Complete the online application form
The online form includes 2 sections:
- Basic details about your registered business
- Optional demographic data
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