A naukri.com initiative
Hackernoon
1w
341
Image Credit: Hackernoon
Hackathons Are Broken. Here’s How We Fix Them.
- Hackathons have been instrumental in launching successful tech projects like Uniswap and Polygon, but most projects fail to progress beyond the weekend due to flaws in the hackathon system.
- The current hackathon landscape lacks a global standard for quality, leading to an overflow of events and wasted efforts by developers building for non-impactful competitions.
- Projects often die post-hackathon due to a lack of structured follow-up, funding, and ongoing support, hindering long-term execution and success.
- VCs overlook hackathon projects, missing out on potential investment opportunities, as hackathons primarily reward creative demos over sustainable business ideas.
- Proposed solutions include a global hackathon repository for tracking projects, post-hackathon acceleration programs, and increased involvement from Web3 companies to foster innovation pipelines.
- Implementing changes such as maintaining project updates, connecting winners with investors, and providing mentorship can help hackathons evolve into true innovation hubs.
- Kalp Studio's BUILD Bharat Tour exemplifies a proactive approach to nurturing hackathon projects by ensuring their continued evolution beyond the event and fostering real-world adoption.
- To transform hackathons into effective launchpads, the industry needs to emphasize a repository for project tracking, establish investment pipelines, offer post-hackathon support, and garner more support from blockchain companies.
- The article stresses the need to revamp hackathons to unlock their potential as catalysts for industry-changing innovations, highlighting the urgency to address the existing shortcomings in the hackathon ecosystem.
- Ultimately, the call is made for a collective effort to enhance hackathons and ensure they serve as enduring platforms for driving impactful innovation in the tech industry.
Read Full Article
20 Likes
For uninterrupted reading, download the app