The Perdue School of Business Philip E. & Carole R. Ratcliffe Foundation Shore Hatchery is a bi-annual Mid-Atlantic business competition. The Shore Hatchery is open to any Mid-Atlantic business startup. You do not need to be an SU student. It is a five year $1 million initiative which began in 2013 and recently renewed for a second $1 million 5 year term. The program assists entrepreneurs in creating new jobs in the community. Startups apply for a share of $200,000 annually. The goal of the Shore Hatchery is to reward individuals for their entrepreneurial efforts in the creation and growth of businesses with the potential of positively impacting regional employment within three years. Businesses are required to report back to the Shore Hatchery board annually on their progress.