5 Innovation Contests and Hackathons that Spurred New Products

In the tech startup world, innovation happens all the time. Innovation is a resource that the world can always use more of, and like any resource, it must be harvested. To harvest the energy of the sun, you need solar panels. If you want to turn the air into electricity, you need wind turbines. If you want to turn innovative ideas in profitable businesses, you need hackathons.

Hackathons embody everything that is fantastic about the tech startup world. Hackathons take place when a handful (or many, many more) like-minded individuals come together, take time out of their days and build amazing new companies and apps just for the sake of building. But there are some pretty jaw-dropping benefits to hackathons that justify the time and energy spent organizing and participating in these events.

There are a variety of different hackathons that have spurred hundreds of great innovative new products. Below are five hackathons that carry a little more prestige than the others because of the success that the startups have achieved since their inception.

1.   Startup Weekend LA, Notable Birth:  Zaarly
Part of the Startup Weekend series we all know and love, this hackathon takes place in Los Angeles at the Coloft coworking space. Anyone is welcome to pitch a startup idea and receive feedback from other Startup Weekend attendees. Teams organically form around the top ideas (as determined by popular vote) and then it’s a 54-hour frenzy of business model creation, coding, designing and market validation. Startup Weekend culminates with presentations in front of local entrepreneurial leaders with opportunities for critical feedback.

2.   Startup Bus, Notable Birth:  txtroo
With buses departing from San Francisco, Silicon Valley, Chicago, Cleveland, New York and Miami, Startup Bus is a hackathon on wheels. Participating ‘buspreneurs’ produce different products as they travel to SWSX in Austin, TX. Not only is there a Startup Bus America but in December 2011, this style of hackathon was launched in Europe as well.

3.   Hack the Midwest, Notable Birth: Qup
Participants have just 24 hours to build and create a viable product. They can either build a team on their own or be paired through event coordinators.

4.   AngelHack, Notable Birth: Go Give
AngelHack unites developers around the country for a national hackathon where they can showcase big ideas and win seed capital from investors. It is one of the largest hackathon series with over $200,000 in prizes and $30,000 in sponsor prizes.

5.   Disrupt, Notable Birth:  Docracy
Presented by TechCrunch, Disrupt is series of hackathons that have taken place in Bejing, New York and San Francisco. Consisting of separate events over four days, Disrupt is open only to hackers and developers willing to work on projects to present. At the heart of Disrupt is the Startup Battlefield where entrepreneurs present to a judging panel of VCs, angels and general investors. What’s up for grabs?  The $50,000 prize, the coveted “Disrupt Cup”, a wealth of press exposure and new open doors.

So if you have an idea that you’ve been itching to try it out, but may not have had the time to do so, try out a hackathon. Sure you may lose some sleep, but you might gain a million dollar idea.  

Think Big Partners Launches First Accelerator Class

Think Big Radio 019: Think Big Accelerator
Listen to Think Big Radio as Herb Sih dives into what Think Big Accelerator is all about.

Think Big Partners has made quite a few announcements in 2012.  From The Gigabit Challenge to the launch of Think Big Ventures, TBP seems to be moving at the speed of light (and as one of the members of the team, I can confirm this!).  

But one of our most exciting announcements was just leaked this morning--the launch of our first accelerator class.  Now introducing the Think Big Accelerator.  

The Think Big Accelerator is a 14-week program that will aid tech-focused, early-stage startups and entrepreneurs in launching a business faster, stronger and smarter this September. 

With a team made up of entrepreneurs, mentors, investors and founders of startup companies, Think Big Partners’ accelerator program combines lessons and observations from other successful programs across the nation to create a model that allows experienced and budding entrepreneurs to build new startups.  Think Big Accelerator sets itself apart, however, by allowing these entrepreneurs to maintain life outside of their businesses while participating in the program. 

“We have studied, observed and finally created our own accelerator model that we think will work better for entrepreneurs who want to remain dedicated to their families and other obligations while still participating in the program,” says Herb Sih, co-founder and managing partner of TBP.  

In order to facilitate this idea, the first class of Think Big Accelerator allows entrepreneurs to arrive ready to work on Monday and leave on Thursday night during the 14-week program.  This model will let traveling entrepreneurs return home on the weekends to spend time with family and manage other responsibilities. 

   

“We have studied what can be done in a short period of time in the startup world,” says Tyler Prochnow, co-founder and senior partner at Think Big Partners.  “After studying the success that startups have in sprint programs like Startup Weekend, Startup Bus and hackathons, we created Think Big Accelerator’s model for the fast-paced, highly-focused entrepreneur.”

“We are amazed at what can be done in a short amount of time,” says Herb.  “With important milestones and deadlines in place, we believe that the entrepreneur participating in Think Big Accelerator will be able to maintain a work-life balance and recognize the opportunity to reenergize, refresh, refocus and reflect at the end of each week by connecting with family when returning home.  It’s a contrary belief, but we think that stepping away from a business actually allows entrepreneurs to work smarter, faster.” 

Entrepreneurs accepted into the program will receive what Herb refers to as “rockstar treatment” while building their businesses in Kansas City.  Think Big Accelerator has assembled the ingredients for participating entrepreneurs to come to Kansas City and work on their businesses comfortably.  The accelerator will provide custom-tailored key elements for the entrepreneur such as real estate, essential service providers, dry-cleaning, restaurant specials, living arrangements, technology, office space and more.  Kansas City businesses interested in providing discounted services for Think Big Accelerator entrepreneurs are encouraged to contact Think Big Partners at (816) 842-5244. 

In addition, those accepted into the accelerator program will partake in field trips to many Kansas City locations for inspiration, education, collaboration and ideation. 

Think Big Accelerator is looking for five to ten technology-based startups (especially businesses with a focus in consumer-facing services, software, web services, apps, etc.) to participate in the program.  Entrepreneurs will participate in the 14-week program Monday-Thursday with the goal of building a successful startup and finally pitching to investors at the end of the program on two separate demo days—one traditional, and one utilizing a state-of-the-art technology.      

The application window for Think Big Accelerator will be open June 15, 2012 until August 10, 2012.  Think Big Partners’ first class will start on September 10, 2012 and finish up with graduation and demo days during the week of December 10, 2012. 

Think Big Accelerator will take 6-8% equity in participating companies with an $18,000-$24,000 investment.  Additionally, there will be an alternative track for those who are not interested in funding but would like to participate in the program. 

To learn more about Think Big Accelerator, please visit www.thinkbigpartners.com/accelerator. 

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