Many young people need a quick start to figure our a basic viable business model. Often new startups don’t need an extensive business plan since things will change considerable as you get going and learn the ropes. They need a single sheet of paper that captures the essential points of the business model. That is a business model canvas. A hackathon is a short competition, usually among teams and usually conducted in a short period such as a weekend. They have been used to promote technology development such as robots, or software app development. Credentialed judges examine the outcomes and award prizes to winners. Business model canvas hackathons have been conducted successfully in various cities across North America.
The Program
- One weekend event from Friday evening to Sunday afternoon
- An instructor or panel share best practices in business model canvas production
- Targeting young aspiring entrepreneurs from 16 yrs to 35
- Participants from teams of three to six members with different strengths
- Different clategories, such as students and non-students, technology and conventional business models
- Teams compete for the best business model canvas
- Teams compete in seven minute pitch sessions before a panel of judges
- Winning teams are warded prize money or values business services
- Participants are coached and mentored
Requirements
- Event planning
- Event Marketing and promotion
- Event space furnished with tables and chairs, podium or lectern
- Qualified speakers, mentors, coaches, and judges
- Meals and beverages
- Monetary and non-monetary prizes
- Participant registration and registration fees
- Sponsorship to cover costs
