The eHatchery Initiative is undertaken by collaborative partners led by Invest Nebraska. It is a technology accelerator model that encourages potential businesses to thrive.
The concept behind this initiative is to develop an approach to technology entrepreneurship, with a view to strengthen rural communities. It is intended to advance high-growth entrepreneurs by providing them with the business model and mentor support to establish their businesses.
Rather than competing with technology hubs for the same startups, this program will focus on viable businesses and models that would otherwise have been non-starters.
It is a not-for-profit 501(c)(3) organization focused on advising and investing in potential high-growth entrepreneurs in Nebraska.
Invest Nebraska receives operational funds from Nebraska Department of Economic Development, the United States Department of Treasury, the United States Department of Agriculture – Rural Development, the Nebraska Investment Finance Authority and individual donors.
Invest Nebraska is collaborating with the University of Nebraska at Kearney, Buffalo County Economic Development Council, and Xpanxion, LLC to develop and pilot this eHatchery Initiative.
To know more, visit www.investnebraska.com
The primary advantage to entrepreneurs is that the lower costs of the rural model will attract those entrepreneurs and investments that would otherwise be priced out of the technology cluster market. Once started, they will be able to stretch their funding dollars further, giving them a better chance of commercial success and rapid growth. This Initiative will focus on teaching startups how to reach their first commercial release quickly and inexpensively so that time-to-revenue is accelerated and adjustments can be made based on customer feedback before their R&D budgets are fully consumed.
Presently, the rural technology startup approach has been extremely successful. However, this initial case would not have been possible had it not been for the assistance from a private company and the collaboration of public and private organizations.
By formalizing and standardizing the approach, developing the tools and templates, and providing a mechanism for entrepreneurs to engage the community, this pilot initiative will attempt to establish Kearney as a community that is not only attractive to technology entrepreneurs, but also brings wider attention to rural communities in general as potential entrepreneurship destinations.