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A Guide On Hackathons

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Pioneers.io
Pioneers.io

If you're looking to accelerate innovation, you have to hack your business, and there’s no better way to do that than with a hackathon. Hackathons are quick and effective ways for companies to tackle problems and innovate for the future.

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A GUIDE ON: HACKATHONS
2 ABOUT If you're looking to accelerate innovation, you have to hack your business, and there’s no better way to do that than with a hackathon. Hackathons are quick and effective ways for companies to tackle problems and innovate for the future. As an advisory for startup-driven innovation, organizing company hackathons with startups is our bread and butter and we want to share our valuable insights with you. Take a read and let us know how we can support your organization! 2
3 WHAT IS A “HACK”? Hack = innovative solution to a real-world problem
4 A Hackathon is a form of rapid prototyping organized to develop solutions in a safe environment and expedited timeframe. In the spirit of friendly competition, startup teams deliver their results to a concrete task in <48 hours before a panel of judges and audience for selection of winners. WHAT IS A HACKATHON? ü 48 hours ü 15 startup teams ü 15 new prototypes ü 5 jury panelists ü 3 facilitators ü 1 topic/challenge ü 1 winner Can be tailored to meet each company’s needs BY THE NUMBERS
5 IDEATION HACKATHON WHAT TYPES OF HACKATHONS ARE THERE? PROBLEM-SOLVING HACKATHON Creative Hackathon in which new product and service prototypes, primarily aimed at customers, are developed. Hackathon in which startups work on pre-defined, real-life challenges and ensure the development of prototypes that directly address the challenges. Pioneers Discover offers two different forms of Hackathons in order to generate prototypes:
6 An open question is posed to get creative impulses. Startups from different backgrounds and technologies will get scouted to join the Hackathon and develop topic-related prototypes. I. IDEATION HACKATHON DEFINE YOUR TOPIC SPOTLIGHT Client: BeeOne/Erste Bank Topic: What customer-centered tool can we integrate into our online banking platform? Outcome: BeeOne and the winner of the hackathon announced a collaboration in May 2016 Sample Topic: • How might we use VR to create a better customer experience?
7 Define a problem that can’t be solved with the company’s resources. Startups that could potentially offer meaningful solutions will be invited to solve the problem by developing first-working prototypes. II. PROBLEM-SOLVING HACKATHON SPOTLIGHT Client: ANDRITZ Topic: How can we use Big Data Analytics to improve processes related to our core machinery? Outcome: All participants agreed to pursue collaboration and work on creating innovative solutions for ANDRITZ CREATE A CHALLENGE Sample Topic: • How might we increase the efficiency of a particular product?
8 HOW DO YOU ORGANIZE A HACKATHON? PHASE I: STRATEGY & PREP • Topic definition workshop • Startup scouting, screening & selection • Startup onboarding • Event & travel logistics prep PHASE II: HACKATHON • Presentation of topic/challenge • Rapid prototyping • Ongoing mentoring & networking • Pitching session • Winners ceremony PHASE III: INTEGRATION • Results workshop • Integration action plan development • Ongoing integration work There’s a lot of work that goes into organizing a Hackathon, and the work is not over once it’s done.
9 WHAT DO YOU NEED FOR SUCCESSFUL IMPLEMENTATION? SPOTLIGHT HOW PIONEERS DISCOVER HELPS: ü Scouts for top-fit startups ü Organizes venue and logistics ü Briefs and prepares startups ü Builds schedule ü Facilitates event ü Provides mentorship 1 2 4 ADDITIONAL RESOURCES: ü Agenda ü Evaluation criteria for jury ü Prizes OTHER PARTICIPANTS: ü Jury ü Audience to attend pitching session and winners ceremony ü Facilitators STARTUPS: ü Scouting criteria ü Screening criteria LOGISTICS: ü Venue with technology infrastructure ü Supplies and materials ü Meals and drinks ü Travel and accommodations for participants 3
10 WHAT ARE THE OUTCOMES OF A HACKATHON? ~60 TOP MINDS ONLY FOR YOU Pioneers Discover carefully selects the highest potential startups. ~60 top-tech experts will dedicate their minds and time solely to solve your challenge. 15 PROTOTYPES What is great about the Hackathon are the tangible results. The final outcomes are built around the API of your company and can be developed further. +1,400 HOURS = € 130.000- OF R&D In a Hackathon of 48 hours with ~60 top- tech innovators, 1,400 working hours are just devoted to you. That represents an impressive amount of research & development. IDEATION & INNOVATION INPUT Receive great impulses and ideas for potential new revenue streams and business opportunities also in other areas. STARTUP INTERACTION Live insights into the startup culture and direct interaction & exchange of thoughts with top entrepreneurs and developers. CULTURE & BRAND Boost internal culture change toward open-innovation and enhance the external image as an innovative brand (material for content marketing).
11 IS A HACKATHON THE RIGHT TOOL FOR YOUR ORGANIZATION? Hackathons are for: • First-working solutions for urgent problems • Reinventing or redesigning existing products • Creating customer-centric ideas for new revenue streams • Getting access to top-notch startups Hackathons are not for: • Serving as a standalone innovation tool • Solving long-term and complex challenges • Creating an innovative culture across the wider organization Hackathons are key for achieving fast, tangible results, and should be part of a greater innovation strategy.
12 Happy to help! Feel free to contact us in case you have questions about hackathons and how your company might benefit from one! Harald Federspiel Consultant harald.federspiel@pioneers.io www.pioneers.io/discover
Technology needs visionaries to make it fly. Be Bold. Be a Pioneer. pioneers.io/discover @pioneers @PioneersDiscover Pioneers Discover ADVISORY FOR STARTUP-DRIVEN INNOVATION

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A Guide On Hackathons

  • 2. 2 ABOUT If you're looking to accelerate innovation, you have to hack your business, and there’s no better way to do that than with a hackathon. Hackathons are quick and effective ways for companies to tackle problems and innovate for the future. As an advisory for startup-driven innovation, organizing company hackathons with startups is our bread and butter and we want to share our valuable insights with you. Take a read and let us know how we can support your organization! 2
  • 3. 3 WHAT IS A “HACK”? Hack = innovative solution to a real-world problem
  • 4. 4 A Hackathon is a form of rapid prototyping organized to develop solutions in a safe environment and expedited timeframe. In the spirit of friendly competition, startup teams deliver their results to a concrete task in <48 hours before a panel of judges and audience for selection of winners. WHAT IS A HACKATHON? ü 48 hours ü 15 startup teams ü 15 new prototypes ü 5 jury panelists ü 3 facilitators ü 1 topic/challenge ü 1 winner Can be tailored to meet each company’s needs BY THE NUMBERS
  • 5. 5 IDEATION HACKATHON WHAT TYPES OF HACKATHONS ARE THERE? PROBLEM-SOLVING HACKATHON Creative Hackathon in which new product and service prototypes, primarily aimed at customers, are developed. Hackathon in which startups work on pre-defined, real-life challenges and ensure the development of prototypes that directly address the challenges. Pioneers Discover offers two different forms of Hackathons in order to generate prototypes:
  • 6. 6 An open question is posed to get creative impulses. Startups from different backgrounds and technologies will get scouted to join the Hackathon and develop topic-related prototypes. I. IDEATION HACKATHON DEFINE YOUR TOPIC SPOTLIGHT Client: BeeOne/Erste Bank Topic: What customer-centered tool can we integrate into our online banking platform? Outcome: BeeOne and the winner of the hackathon announced a collaboration in May 2016 Sample Topic: • How might we use VR to create a better customer experience?
  • 7. 7 Define a problem that can’t be solved with the company’s resources. Startups that could potentially offer meaningful solutions will be invited to solve the problem by developing first-working prototypes. II. PROBLEM-SOLVING HACKATHON SPOTLIGHT Client: ANDRITZ Topic: How can we use Big Data Analytics to improve processes related to our core machinery? Outcome: All participants agreed to pursue collaboration and work on creating innovative solutions for ANDRITZ CREATE A CHALLENGE Sample Topic: • How might we increase the efficiency of a particular product?
  • 8. 8 HOW DO YOU ORGANIZE A HACKATHON? PHASE I: STRATEGY & PREP • Topic definition workshop • Startup scouting, screening & selection • Startup onboarding • Event & travel logistics prep PHASE II: HACKATHON • Presentation of topic/challenge • Rapid prototyping • Ongoing mentoring & networking • Pitching session • Winners ceremony PHASE III: INTEGRATION • Results workshop • Integration action plan development • Ongoing integration work There’s a lot of work that goes into organizing a Hackathon, and the work is not over once it’s done.
  • 9. 9 WHAT DO YOU NEED FOR SUCCESSFUL IMPLEMENTATION? SPOTLIGHT HOW PIONEERS DISCOVER HELPS: ü Scouts for top-fit startups ü Organizes venue and logistics ü Briefs and prepares startups ü Builds schedule ü Facilitates event ü Provides mentorship 1 2 4 ADDITIONAL RESOURCES: ü Agenda ü Evaluation criteria for jury ü Prizes OTHER PARTICIPANTS: ü Jury ü Audience to attend pitching session and winners ceremony ü Facilitators STARTUPS: ü Scouting criteria ü Screening criteria LOGISTICS: ü Venue with technology infrastructure ü Supplies and materials ü Meals and drinks ü Travel and accommodations for participants 3
  • 10. 10 WHAT ARE THE OUTCOMES OF A HACKATHON? ~60 TOP MINDS ONLY FOR YOU Pioneers Discover carefully selects the highest potential startups. ~60 top-tech experts will dedicate their minds and time solely to solve your challenge. 15 PROTOTYPES What is great about the Hackathon are the tangible results. The final outcomes are built around the API of your company and can be developed further. +1,400 HOURS = € 130.000- OF R&D In a Hackathon of 48 hours with ~60 top- tech innovators, 1,400 working hours are just devoted to you. That represents an impressive amount of research & development. IDEATION & INNOVATION INPUT Receive great impulses and ideas for potential new revenue streams and business opportunities also in other areas. STARTUP INTERACTION Live insights into the startup culture and direct interaction & exchange of thoughts with top entrepreneurs and developers. CULTURE & BRAND Boost internal culture change toward open-innovation and enhance the external image as an innovative brand (material for content marketing).
  • 11. 11 IS A HACKATHON THE RIGHT TOOL FOR YOUR ORGANIZATION? Hackathons are for: • First-working solutions for urgent problems • Reinventing or redesigning existing products • Creating customer-centric ideas for new revenue streams • Getting access to top-notch startups Hackathons are not for: • Serving as a standalone innovation tool • Solving long-term and complex challenges • Creating an innovative culture across the wider organization Hackathons are key for achieving fast, tangible results, and should be part of a greater innovation strategy.
  • 12. 12 Happy to help! Feel free to contact us in case you have questions about hackathons and how your company might benefit from one! Harald Federspiel Consultant harald.federspiel@pioneers.io www.pioneers.io/discover
  • 13. Technology needs visionaries to make it fly. Be Bold. Be a Pioneer. pioneers.io/discover @pioneers @PioneersDiscover Pioneers Discover ADVISORY FOR STARTUP-DRIVEN INNOVATION