iBrands hatches university accelerator plan

Hatchbrands Ventures, an investment firm backing technology startups developed at university accelerators and incubators, has agreed to be acquired by holding company iBrands Corporation.

iBrands plans to use Canada-based Hatchbrands’ startup and venture capital expertise to identify, invest in, and acquire startups and spin-outs coming out from university accelerators and incubators.

Marco Janeczek, venture partner of Hatchbrands Ventures, said: “We believe a public vehicle such as Hatchbrands will change the way investments are made in accelerator-backed startups, and will give an alternative way for individuals and investors that today are not able to participate in accelerator-backed startups due to the accredited investor status, an alternative way to invest. Hatchbrands is forming strategic alliances with leading corporations, corporate venture arms, technology accelerators and startups,”