At each of the three MONICA hackathons, the participant with the best idea and solution is selected to win a prize of 5,000 EUR for further development of the prototype.
Besides receiving the prize money, each winner participates in a customised Business Growth Programme targeted their winning idea. Finally, they will be able to test their prototypes at one of the projects’ six pilot sites.
The Growth Programme includes:
Customised consulting with a business development consultant, either through physical meetings or Skype meetings. The winner will get:
- An initial meeting with the consultants from Vaeksthus Zealand where the innovative idea is analysed in relation to the Growth Programme. In this first counselling, the plan is to define the goals and ambitions for the Growth Programme, make a first, 360-degree assessment of the idea, establish potential commercialisation and look at the winner’s competences in order to define what is needed in the programme. The Growth Programme focuses on both the short-term issues that can be handled within the time period of the programme, and the long-term issues that the winner will continue working on after ending the programme.
- Two to three follow-up meetings with a business consultant to keep the winner on track in relation to the Growth Programme. These meetings will focus on delivering and executing the set goals, ambitions and tasks.
- One exit meeting to ensure that the winner is sufficiently equipped to deploy the idea in the second phase of MONICA pilot demonstrations. The exit meeting will include a full 30, 60, 90-day plan for actions and decisions needed to achieve success.