Summary
Founded by Fearless in 2019, Hutch is a 24-month program in Baltimore, MD, designed to support minority and women entrepreneurs in building successful government digital services firms. The program offers a comprehensive blueprint for success, including tools, mentorship, and peer support, with a focus on disciplines like design, product development, and Agile development. Hutch boasts 9 graduates, 11 current company founders, and 20 companies in its portfolio, and is unique in its industry focus and the expertise of its leadership.

Unique Aspect
Hutch uniquely operates at the intersection of digital services, government, and community impact. It is the only program of its kind led by industry experts with a deep understanding of digital transformation and government services.

Approach to kick off
Hutch emphasizes diversity and inclusion in government. It was started to fill the void in access to opportunities, capital, and support for founders of color and women entrepreneurs, especially in the tech ecosystem.

Scoop

Business Model Viability
The business model, which blends incubation with a focus on minority and women entrepreneurs in government digital services, is both unique and socially impactful. This model could be emulated in other sectors where diversity is underrepresented.

Future Projections
Plans to incubate 25 minority-owned companies by the end of 2025, with an ongoing commitment to diversifying talent in tech and government.

Startup Stats

📊 ARR: $81,600

📈 MRR: $6,800

🚀 Startup Costs: $0

👥 Team Size: 2

🌍 Market: Part of the $100 billion government contracting marketplace

👨‍💻 Users: 20 companies in total, with 9 graduates and 11 current company founders

💰 Funding: Primarily funded by Fearless, operates on a royalty revenue model

👨‍💼 Founders: Delali Dzirasa