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iBrands Corporation (OTC Pink: IBRC), www.ibrandscorporation.com, a holding company targeting the merger and acquisition of niche Internet-based brands positioned for rapid growth through proven products, today announces the signing of Agreement to acquire Hatchbrands Ventures.
The company plans to use Hatchbrands and its unique startup, financial and venture capital expertise to acquire and invest in leading high quality startup companies developed in accelerators and incubators found in university/college environments.
"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," states Marco Janeczek, Venture Partner of Hatchbrands Ventures.