Idea competition for students and professionals
Hackathon is a deservedly fashionable competition genre where participants develop their ideas for 24 hours with the support of professional mentors. In an 8, 12, 24, or even 48-hour brainstorming session, participating teams will figure out a solution to a business / innovation / IT challenge and then further develop it with the help of professional mentors. This challenge should be inspiring and complex, yet manageable even for teams of entrepreneurs without extensive knowledge and years of experience about the relevant industry.
At the final event of the Hackathon, the teams will present their ideas improved during the idea competition, after the presentations / pitches they will be judged by the jury and the three best idea owners will be awarded and extra prizes may be awarded as well.
Months of work can be concentrated into just a few hours, because, based on mentor feedbacks, non-viable ideas are quickly filtered out, and the focus only on the most effective, marketable solutions.
Hackathon is a great tool to discover future talents for your innovative activities and find breakthrough ideas to your specific business challenges, which can serve as a basis for large-scale innovation programs. In addition, the partner can show young talents which other important, innovative topics and areas the company deals with.
1. advertisement, application, team formation (1-4 member recommended) - 3-4 weeks
2, submission of the idea (max. 1 page) – 1 week
3. selection of finalist teams and ideas – 2-4 days
4. professional mentoring with teams (idea insights, general, presentation and pitch workshops) – 1-2 weeks
5. live / online final event – 1 day