$IBRC ~ iBrands Corporation Describes Technology Incubator Market For Hatchbrands Ventures
2014-03-26 08:01 ET - News Release
ATLANTA, GA(eTeligis.com)
iBrands Corporation (OTC Pink: IBRC) (PINKSHEETS:IBRC)www.ibrandscorporation.com, a holding company targeting the merger and acquisition of niche Internet-based brands positioned for rapid growth through proven products, describes the Hi-Tech Incubator market for Hatchbrands Ventures.
About Hi-Tech Incubators The NBIA (National Business Incubation Association)'s description of Incubators. "Business incubation is a business support process that accelerates the successful development of start-up companies by providing entrepreneurs with an array of targeted resources and services. A business incubator's main goal is to produce successful firms that will leave the program financially viable and freestanding.
Critical to the definition of an Incubator is the provision of management guidance, technical assistance, and consulting tailored to young growing companies. Incubators usually also provide clients access to appropriate rental space and flexible leases, shared basic business services and equipment, and assistance in obtaining the financing necessary for company growth.
According to the NBIA, there are some 1,200 incubators operating in the USA. There is an average of 25 startups per incubator or some 30,000 startup companies. According to the 2006 State of the Business Incubator Industry report, 87% of incubator graduates stay in business with an average length of stay in the incubator of 33 months.
Examples of University Incubators Stanford University is a major benefactor of many startups. The university helped launch Google, its most financially successful investment. A 2010 Stanford report said the university's Office of Technology Licensing has contributed to 8,000 inventions and earned about $1.3 billion in royalties over forty years. Carnegie-Mellon University has launched 300 companies and created more than 9,000 jobs in the Pittsburgh, Pennsylvania region. The university opened itsCenter for innovation and Entrepreneurshipin fall 2012.
About Hatchbrands Ventures Hatchbrands Ventures,www.hatchbrands.com, is a fund that specializes in making startup technology pre-IPO investments in high quality startup companies developed in accelerators and incubators found in university/college environments. Hatchbrands unique opportunity is to provide investors the ability to participate along with leading venture capital firms and corporate venture arms in startups investments. Hatchbrands focuses on several themes including: (i) SaaS / Cloud Infrastructure; (ii) Online Finance; (iii) Data Pipeline and Data Science; (iv) New Advertising Battlegrounds; and (v) Reinvention of (Online/Offline) Retail.
Hatchbrands is located in Ottawa Canada adjacent to Kanata which is Canada's Silicon Valley. The acquisition of Hatchbrands will establish the company's business model similar to that of GSV Capital, one of the world's preeminent voices on growth investing.
About iBrands Corporation iBRANDS CORPORATION ("IBRC"),www.ibrandscorporation.com, is a publicly traded holding company that acquires and operates niche market brands having unique market positioning with substantial upside. Our strategy is executed through the acquisition of proprietary brands having unique market niches with substantial upside growth and providing strong management. A common thread throughout our acquisitions is the application of Internet technology to enhance revenues and optimize margins.
SAFE HARBOR STATEMENT:Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition and risk inherent in the operations of a company.
CONTACT INFORMATION
Contact:iBrands CorporationInvestor RelationsPaul Smith1-866-595-1081 info@ibrandscorporation.com
SOURCE: iBrands Corp.
