In this episode of Fast Fix Friday I talk hackathons, and how, while they are a great tool for bringing teams together to move quickly to build prototypes, are often done in a way that doesn't focus on problem solution fit, unique value proposition or business model.
Essentially, most hackathons fall into the all to common trap of building what excites the team building it, but not the market. This is the main reason why 96% of startups and new ventures fail.
I talk through what you and/or your organisation need to think about in order to run a successful hackathon that can deliver genuine outcomes and galvanise an organisation around its innovation efforts.
Listen on iTunes: goo.gl/sMnEa0
Listen on Stitcher: www.stitcher.com/podcast/future
Your host and occasional cybernetic organism, Steve Glaveski, is committed to helping people better navigate the growing uncertainty that technology change brings, in order to survive, thrive, create more value for the world and lead more fulfilling lives.
Steve is the CEO and co-founder of innovation accelerator Collective Campus, founder of children's entrepreneurship program Lemonade Stand, author of Amazon best-seller The Innovation Manager's Handbook and the Wiley books, Time Rich, and Employee to Entrepreneur, investor in blockchain based fractional property investment platform Konkrete and is a keynote speaker and startup advisor.
When not fighting T-1000s Steve can be found in the gym, hiking, skating at the beach, attempting standup comedy, at a heavy metal show or socially lubricating at a whisky bar.