Introduction & Staging
A hackathon starts with an introduction to your company. The participants must receive enough information on the subject and the problem statement to be able to start the work phase immediately in the previously defined groups.
Identification of the biggest needs and problems
The team discusses the search field as well as the problems and needs associated with it. Especially the LEAD Users are relevant in this part, as they face their needs months or years before the majority of the marketplace confronts them.
Getting to work
It is essential to make sure that the teams have an equal level of knowledge, and they understand the relevance of the subject. After a short lunch, the teams start generating ideas and work on the prototypes.
Presentation of interim results and feedback
In the afternoon, the teams present the interim results to obtain feedback from other groups and companies.
After an interim presentation and feedback, the teams continue to work on their ideas and prototypes. Should any group reach an impasse, LEAD Innovation supports them with advice and suitable methods.
Day 2 is dedicated to prototyping. The teams work intensively on the basic models or design of the product/service according to the concept.
Creation of a business model
Depending on the search field, the teams create a business model that is an essential part of the final presentation as it explains how the idea is going to make money.
On day 2, the teams can reach out to experts and the companies with any questions or concerns to receive feedback and improve their prototypes.
In the afternoon of the second day, the teams present their final ideas with prototypes and a corresponding business model.
Evening program & networking
The Hackathon ends with drinks and networking between all participants.