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MenuHow to go about developing a hackathon?
I have a cardiologist friend who is interested in developing a "hackathon" at a university business school. He works at the same "Ivy League" institution. What is the standard for IP for these events? What's the best way to get prize funding sponsorship? My role will be as a judge. My friend however may want to start a startup and discover a cofounder here.
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Start by organizing a Startup Weekend event. It is more like the franchise model, and they will provide lots of support for you, collateral, etc.
The second time you can spin off into your own thing once you have the experience.
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How to do internal hackathons the right way?
The best ones are done over the weekend. My favorite schedule for it is from Saturday morning until Sunday noon. You could make it a competition for people to build something to solve something specific. They have the liberty to do whatever tool they think best to solve that problem. Also, make sure the prize is useful for them.
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Everyone likes innovation and will rah-rah for it until it gores their ox. The misalignment of incentives and innovation is always the biggest problem. Technology challenges can always be beaten into submission. Real innovation is by definition upsetting to the status quo, and it takes intestinal fortitude on the part of the leadership (not management, _leadership_) to face the incentive issue and get the org properly aligned around change.
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Being a deep-/impact-tech startup in Netherlands we have co-founders but no lead-investor, which we need to complete our investment-round.
Trust this is resolved by now. A simple search in chatgpt or perplexity can identify multiple SDG impact funds, beyond which your pitch should be perfect. All the best.
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How do I calculate the value of my startup if there are people interested in investing before the launch?
Ugh. Investors. Here's the harsh or maybe happy truth. If your Startup offering (product, service, information, courseware, consulting, etc) provides stellar value, then you require no investment. Do your launch + if money starts pouring in, either skip the investors of if you really must use investors (doubtful, if you're providing stellar value), then the more revenue you have, the better terms you'll get from investors.