The Journey From Hackathon To Global Demo Day 2018
17 Startups, Prizes From 500 Startups & AngelPad, And One Big International Family
Building a community for your brand is big. For your personal life, your community is pretty obvious. Your friends, family, coworkers, SoulCycle group, you’re likely part of tons of small communities. But your company has a community too. Are you fostering it and taking advantage of it?
Every year, our Global Hackathon Series grows bigger and better with amazing sponsors and opportunities to innovate to entrepreneurs just waiting for their tech potential to be unearthed. The winning teams from the 55 hackathons we held this Summer all received an invite into our pre-accelerator program, and 37 of them are now in the early-stages of becoming a real startup.
Beginning in October 2016, MediaTek challenged hardware developers from India, Europe and the United States to compete in the MediaTek IoT Challenge, where they could leverage MediaTek LinkIt™ Development Platform for RTOS and MediaTek LinkIt™ Smart 7688 Platform to build exciting Internet of Things (IoT) devices for the smart home or office.
Hackathons draw in a ton of developers (obviously), but designers come in droves as well. And are equally as important to the success of the team. ‘Cause we all know a brilliantly engineered project in the back-end, falls apart if the front-end looks like garbage. Well our friends at CoastalCreative.com created a beautiful infographic to help designers know what’s BIG in design trends for 2017. Check it out and be inspired for your next hack!
We’ve been talking a lot about our own pre-accelerator, the HACKcelerator, lately and a question that often comes up is “what exactly is a pre-accelerator?” With all the startup terminology rapidly entering the mainstream vocabulary, it can be freaking hard to keep up.
We got you.
A pre-accelerator is a program focused on early stage startups, taking them from concept to MVP (minimum viable product).
A big part of the program, which generally run about 8 weeks, is mentorship. Experienced mentors will come in and give the team guidance with product and customer validation, marketing, product development, pitch and anything else needed to build the product to a place in which it can attract investment and attention.
While still a pre-accelerator, the HACKcelerator is different than all the rest. The 12-week program is invite-only, which narrows the focus towards hackathon projects (from AngelHack’s Global Hackathon Series) and turning them into viable startups that can afterwards choose to either enter into an accelerator like Techstars, or to bootstrap their way, hopefully to startup success. Check out some past teams that have done it.
In terms of program length, the HACKcelerator runs about double the length of most pre-accelerators (five or six weeks on average), at 12 weeks. That’s double the amount of mentorship, helpful curriculum and more ;)
Usually a fledgling company trying to access resources like this would have to have a certain amount of traction already to get accepted into a program like this, the HACKcelerator is a way around that roadblock. We spot the potential at a hackathon, somewhere the team may have not had any idea would lead to an actual startup.
“50% of our active companies raise funding and more than 25% are accepted into a later stage accelerator such as Y-Combinator, Techstars and 500 Startups,” says Milan Koch, AngelHack Managing Director, HACKcelerator. “Our portfolio is currently valued at $40 million, which is a lot for a pre-accelerator that focuses on founders with a concept, as opposed to startups that have a live product with notable traction.”
Another differentiator for the HACKcelerator is the diversity of the teams. Because the only way to enter into the program is to receive an invite once you win at an AngelHack Series event, of which there were 61 hackathons all over the globe this year, the teams coming in come from everywhere.
Most other programs are more catered to their country.
By partnering with the HACKcelerator, these accelerators get first dibs on the teams they see that have the most potential.
Just like a full-fledged accelerator, a pre-accelerator usually has a Demo Day. The HACKcelerator sure does, and it’s one of the hottest tickets in town during the Fall in San Francisco. And Startup Bash after the show? Always memorable, and a great way to have a blast networking with the teams.
It’s a night in which the local tech and AngelHack communities come together to celebrate the companies who’ve endured and thrived during the program, and get an early glimpse at hot new companies that may be just about to hit their big break.
Hint: keep your eyes peeled for GDD + Startup Bash ’16 news. Early bird tickets go on sale soon ;)
On September 8-10, the AngelHack team hit the ground in St. Louis, MO for the first RGAx-AURA Blockchain hackathon. The internal event took place at RGA’s insanely beautiful new headquarters which hosted 60 developers, designers and entrepreneurially-minded attendees.
Once again, our Bay Area community came out strong! This time, we worked with U.S. Bank and Mastercard to bring you guys the Think Big Hack Small hackathon, focused on creating innovative solutions for small business owners.
“ To date, the HACKcelerator has had two Google acquisitions and one to Box. Our overall portfolio value is $40mm, while roughly 25% of our active companies get accepted into a later stage accelerator such as Y Combinator andTechstars and 50% are able to secure venture funding.” — Milan Koch, Managing Director HACKcelerator
Here are just a few companies who’ve emerged from past HACKcelerator batches and gone on to greatness.
Winners of AngelHack London 2013
Testlio seamlessly integrates into your development process to make sure bugs never hit production. You’re provided with your own dedicated testing team, loaded with a full range of devices and every tool.
Founders Kristel and Marko have led what started as a simple hackathon project to immense success (and got engaged in the process!).
Testlio was a part of the first Austin Techstars class, and has since gone on to expand the company and just raised $6.25m in April.
Ready for a throwback? Check out this awesome video of the team practicing their Global Demo Day pitch, and read about their strategy here.
The team of three created a working prototype that, along with their pitch, wowed the judges.
They’re beta testing with companies like Microsoft, IBM, and Emirates Airlines (no big deal) and have also been accepted into the Bizspark Plus Program as well as IBM’s Global Entrepreneur Program.
It’s safe to say that you’ll be hearing much more from Wrappup.
Atumate (formerly Atumsoft) seemed to come out of left field, tackling an issue that most people aren’t aware even exists: laboratory instrumentation monitoring and data collection. They’ve created the new standard in data collection and analysis, using wireless connectivity and the flexibility and mobility of IoT technology.
And big news! They’re now a part of Brandery’s 2016 Accelerator class!
“The beauty industry is a 36 billion dollar a year industry that has yet to be disrupted. I want to change that. Will you join me?”
That line from Tousled founder Priya Dandawate’s demo at AngelHack Seattle is stillreferenced during our CMO’s infamous pitch workshop, as an example of a perfect way to grab the crowd’s (and especially the judges) attention.
And grab their attention she did. Tousled has grown into Seattle’s leading mobile hair salon, providing on-demand haircut and styling, massages and more to the Seattle community.
Oh and Priya also took her amazing pitch skills to TechCrunch’s Seattle pitch-off and won second place!
SocialCapital is an artificial intelligence platform which provides accurate customer/jobseeker personality profiles using social data (from social media platforms).
After the HACKcelerator, SocialCapital went into Techstars and recently graduated from that program a few months ago. They’re now working with companies like Sprint.