Key factors for the success of hackathon winners
Throughout our journey of working with hackathon winners, it has become abundantly clear that certain factors significantly amplify their chances of transforming a winning concept into a thriving start-up. The process of evolving from an award-winning idea at a hackathon to establishing a successful enterprise is intricate and fraught with potential pitfalls. It demands a keen comprehension of pivotal elements that can either catalyze success or precipitate failure. In the following detailed exploration, we draw upon our wealth of experiences, including the accounts of the four illustrative examples previously mentioned, to delve into these crucial components that have repeatedly proven to be instrumental in the success of these emerging businesses.
Grit, resilience, and relevant competence
Success post-hackathon is far from guaranteed, even for the most ingenious ideas. It demands a mix of unwavering commitment and a strong ability...