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IAC Has Shut Down Hatch Labs, Its Incubator for Mobile Apps

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Multiple sources have told Betabeat that IAC shuttered Hatch Labs–its incubator for building mobile tools, apps, and platforms–on December 31st. Hatch Labs closed both its fifth floor offices in the IAC building on 18th street and in Los Angeles.

“After exploring several strategic options for Hatch Labs, IAC stopped investing in the company, and their operations were subsequently discontinued,” IAC said in response to questions. “IAC is still funding and exploring options for a few of the assets that came out of Hatch Labs.”

Hatch Labs’ New York space is already occupied by other IAC entities. (The only exception is Blu Trumpet, which was spun out as an independent company in 2011, but remains in the Frank Gehry building.) When we stopped by the office last May, it had all the accoutrements of your standard startup accelerator, including a ping pong table and drawers full of free snacks. Read More

App Economy

Meet Blu Trumpet: The First Chick to Fly Out of IAC’s Hatch Labs

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They grow up so fast, don’t they? It’s been just five months since IAC announced Hatch Labs, a “technology sandbox for mobile start-up”, as part of its push in into the new app economy.

Today the incubator has its first launch: Blu Trumpet, a  platform for mobile apps that helps publishers monetize and advertisers increase distribution. It’s already got IAC apps like Daily Beast and College Humor signed up as clients. Read More