Fields Notes, Winter/Spring 2019 Fields_Notes_19.1 | Page 18

2019 Accelerator Weekend • January 18-19, 2019 • Fields Institute and University of Toronto Organizers: Mimi Hao and Joseph Orozco (University of Toronto) The only one rule at the Hatchery Accelerator weekend is that there are no rules. Fuelled by coffee, snacks and sage advice, teams of up to four students worked furiously to transform their wildest entrepreneurial ideas into viable business models in just 28 hours. The 2019 competition, hosted by The Entrepreneurship Hatchery, was kicked off by a special panel presentation from Silicon Valley seed accelerator Y Combinator, the incubator that launched companies such as Airbnb, Dropbox, Reddit, and Thalmic. Accelerator Weekend 2019 was a huge success with 81 student participants, 18 teams, six finalists, and two prizes. The 28-hour process sees young entrepreneurs go from idea to startup, as they move through the stages of their ventures—all conceived within the span of a few hours. As in the real world, students' models and ideas were judged by a panel of industry experts and entrepreneurs, which included Isi Caulder (EngSci 8T9), Richard Helbig (GeoE 7T3), Michael 16 Augustanavicous (ElecE 7T6), Dag Enhorning (Siltech Corporation) and Richard Louttet (Canadian Professional Sales Association). The top team took home a grand cash prize of $2,000, and the runner up won $1,000. Students across U of T disciplines were invited to join this challenge that brought together multidisciplinary teams, who with the guidance from successful entrepreneurs, developed a business model around an idea. The final journey concluded with a pitch that was presented to participants and mentors at the 28th hour. About The Entrepreneurship Hatchery: We create startups. Founded in 2012, The Entrepreneurship Hatchery provides a comprehensive suite of programs and services designed to help students with entrepreneurial ambitions form teams, develop new competencies, and launch their companies. Over the last seven years, The Hatchery has helped to launch over 80 new startups, which collectively have raised about $40 million in seed funding. Students start by attending events in the Evangelism stage — the Hatchery offers Idea Markets, Virtual Idea Market, Speaker Series, Coffee Days, Cofounder Day, Hatchery Circle, Accelerator Weekend – events that nurture a strong culture of entrepreneurship on campus. From there, teams apply to one of the Hatchery's four processes: • Hatchery NEST, fostering the creation of startups and the entrepreneurial mindset amongst all U of T students. • LaunchLab, enabling graduate and faculty level research driven startups. • Start@UTIAS + Hatchery, University of Toronto Institute of Aerospace Studies student- led start-up companies. • Hatchery Social, Enabling Social Impact Startups (non- for profit, solving social critical challenges). Each team accepted into any of the Hatchery processes is matched with an advisory board including dedicated mentors, and gain access to resources such as work space, 3D printing, prototyping