chicago & beyond f&b industry landscape from an …...entrepreneurs grow their businesses....
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Chicago & BeyonDF&B Industry Landscape from an
Incubation Lens
Chicago (Windy City)- Propelling Brands Forward
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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
Collaborations and Partnerships
Facility
Innovation Hub
Innovation Hub
State of The Art Facility
Who’s In the Space
Who’s In the Space
CBD
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
Community● East Garfield Park entrepreneurs
and job seekers
● Garfield Park Neighborhood
Market
● Thriving community
● Impact Culinary training program
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
Future of The Industry
Startup for Startups
We have to understand, predict, embrace and make
change.
Generational ShiftsThe world is different
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
Rise of the Flexitarian
Function
Balance - Detox & Nourish
Hyper-Functionality Cannabis
Packaging
Mission Driven -Upcycling
Industry Intersections
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
Food & Fashion
Food & Tech
© 2019 The Hatchery Chicago
Food & Beauty
Forever Young
Collaboration is the future
Furniture
AthleticwareFitness Center
Apparel
Chicago as a Launchpad
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
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
Market Testing
● Cresco Labs is developing
retail dispensary concepts
while expanding its brand
portfolio, including
partnerships with James
Beard award-winning chefs
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