Some (or none) of you may have wondered what was I doing on a mid-June weekend. Me being me, I went to the city of Bielefeld and mentored in the first Founders Hack. It was a typical gloomy German weekend, yet the hackathon was probably the best thing I have seen in a while.
The best part of the hackathon were actually the teams. I was impressed with the stunning mix of experienced business professionals and pumped up techies. In fact each team without exception managed to deliver a well thought over and absolutely uptodate solution.
It started during the day.
And went on during the night. Some went on till 4am.
A big differentiator to other hackathons were the real life challenges. They were drawn from actual opportunities (or problems) and provided by industry leaders from the Bielefeld area: Wortmann, Miele, Boge, Alcina, Benteler, Claas.
Some went a step further e.g. Boge impressed by bringing an actual product to make the teams play with their machine.
Challenges focused on IoT and machine learning with 2 prominent IoT ones being: 1) build an IoT based business model for the laundry care in sharing economy, and 2) track spare- & wear parts in a complex machine. Then the machine learning challenges explored using external data sources to track fashion trends and ways to increase efficiency in farming with data from agricultural engines.
The final delivery was in the form of a short pitch in front of the cheering crowd in a fully packed theater. And the prize was a unicorn!
This event has definitely left a mark. I believe it is the first time when I saw corporates connect with startups and take over the initiatives into their agenda. For me the secret sauce to make this work would be well summed up with few words: curated team building, well defined areas of interest and business opportunities for the corporates, unhindered access to corporate executives, energising moderation and mentoring.
Most importantly, there was plenty of food. Just kidding but there was indeed good food :). All the time!