July 14, 2014
Open Innovation is the most powerful business model of the century and it has the potential to create and foster the next new hubs of economic activity. The money
The Hackathon officially began with a talk by Aditya Khurjekar (Co-Founder, Let’s Talk Payments and The Money Event). He spoke about issues in the Payments Industry, and the reason organizers decided to do a Payments Centered Hackathon. We are focusing on everything at the intersection of mobility and money and commerce for the mobile generation, he said.
There were more than 50 people attending and participating in the Hackathon and the teams started working on their applications from Saturday noon.
The energy levels exhibited by the participants was unparalleled. Most of the participants stayed up the whole night to make the most out of the 24 hours assigned to them. You just cannot sleep for 24 hours, you have to restrain yourself from sleeping and just come up with something that is really new, said one of the participants.
There was a midnight session organized for the participants, in which the winners of the Bangalore Payments Hackathon (organized last weekend) came up with a presentation on the solution designed by them using Google Hangouts.
The Hackathon was based on the following theme:
A digital shopping and payment experience for the mobile generation.
How can the mobile phone enhance a traditional retail shopping experience?
Participants were provided the building blocks to create a proof-of-concept for a mobile shopping experience that demonstrates how a consumer, retailer and advertiser can all benefit from mobile connectivity and digital payments.
The hackathon was overseen by judges from companies that benefit from consumer's quick access to money through technology, Harris Teeter and commerce tech company Inmar. The event's winner heads to Super Mobility Week in Las Vegas this fall to present their work.
Various other prizes were also offered to the teams, including free software worth $25,000 to every team that created a startup from their concept in the hackathon. Special prizes were awarded to the Winner and Runner-up teams.
The Winning Team of The Money Event Charlotte Challenge