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Chicago & BeyonD F&B Industry Landscape from an Incubation Lens

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Page 1: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Chicago & BeyonDF&B Industry Landscape from an

Incubation Lens

Page 2: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Chicago (Windy City)- Propelling Brands Forward

2

Page 3: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Welcome to The Hatchery● The Hatchery is a non-profit startup

incubator that helps food & beverage

entrepreneurs grow their businesses. It

is a 1-stop-shop aiming to solve 3

major challenges: access to

production space, financing, and

resources.

● The Hatchery is housed one of the

largest food & beverage incubators in

the US and among the 1st to be built

from the ground up.

● We are located on the West Side of

Chicago in East Garfield Park

Page 4: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Collaborations and Partnerships

Page 5: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Facility

Page 6: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Innovation Hub

Page 7: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,
Page 8: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Innovation Hub

Page 9: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

State of The Art Facility

Page 10: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Who’s In the Space

Page 11: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Who’s In the Space

CBD

Page 12: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Services & Support● Hatchery Members include:

○ Consumer Packaged Goods

○ Light Manufacturers

○ Quick Service Restaurants

○ Meal Delivery

○ Catering

○ Food Technology

● 200 official Entrepreneur Members

● Speed coaching & consultation sessions

● Data access and support

● Strategic connections to industry experts

● Trend-forward subject matter

● Tracking metrics to determine key drivers

of success in the food & beverage sector

Page 13: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Community● East Garfield Park entrepreneurs

and job seekers

● Garfield Park Neighborhood

Market

● Thriving community

● Impact Culinary training program

Page 14: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Unlike All Other Incubators● One of the largest food business incubators

● One of the first food incubators to be built from

the ground up

● Non-profit with city support

● Designed for efficiency and rapid growth

(modular structure)

● Private production spaces allowing for isolated

areas that can be certified

● Strategic partnerships to bring all resources under

one roof

● On-site culinary training center led by Rick Bayless

● One-site ingredient and flavor companies

● On-site microlender

Page 15: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Future of The Industry

Page 16: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Startup for Startups

We have to understand, predict, embrace and make

change.

Page 17: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Generational ShiftsThe world is different

Page 18: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Generational Shifts● Sees selves as a brand

● Lack of trust

● Biohacking (self testing)

○ Consumption- nutrients, body extracts

○ Fasting & testing limits

○ Advocates for social missions &

political views

○ Use body as canvas (tattoos)

● Pushing boundaries

● Immune to traditional shock value

● Everything on demand and accessible

Page 19: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Rise of the Flexitarian

Page 20: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Function

Page 21: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Balance - Detox & Nourish

Page 22: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Hyper-Functionality Cannabis

Page 23: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Packaging

Page 24: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Mission Driven -Upcycling

Page 25: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Industry Intersections

Page 26: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Food & Medicine● Consumers view food and drink as tools to treat or prevent

health conditions

● Top concerns are anxiety, stress, chronic pain, and discomfort

(digestion)

● Digestive products grew 12% in U.S. between 2012-2017

● 38% of consumers actively adding probiotics to daily diet

Page 27: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Food & Fashion

Page 28: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Food & Tech

© 2019 The Hatchery Chicago

Page 29: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Food & Beauty

Page 30: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Forever Young

Page 31: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Collaboration is the future

Page 32: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,
Page 33: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Furniture

AthleticwareFitness Center

Apparel

Page 34: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Chicago as a Launchpad

Page 35: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Lifestyle/ Experiential Spaces

● Lululemon’s multi-dimensional

wellness center, blurring the lines

of retail, fitness and wellness

● New retail experience center of

Vital Proteins, part studio, part

wellness center, part cafe, and part

influencer magnet

Page 36: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Starbucks● Chicago continues to be the

testing ground for Starbucks

including the North American

launch of Princi Bakery and

the upcoming opening of the

Largest Starbucks in the

world

Page 37: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Market Testing

● Cresco Labs is developing

retail dispensary concepts

while expanding its brand

portfolio, including

partnerships with James

Beard award-winning chefs

Page 38: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,

Goals● 900 jobs in 5 years

● Support the launch of successful brands that

improve our food systems and experience with food

and beverage

● Leader in food business incubation

● Food safety platform

● Identify addition barriers and develop support

systems (co-packing)

@TheHatcheryChi

Page 39: Chicago & BeyonD F&B Industry Landscape from an …...entrepreneurs grow their businesses. It is a 1-stop-shop aiming to solve 3 major challenges: access to production space, financing,