Sharify Hackathon : My first step into the sharing transition
This article is dedicated for you, participant. As a want-to-be entrepreneur, you are about to launch you change-making start-up in the new economical models. You might still have a few questions related the start-up world, the hackathon itself, the sharing or circular economy. That’s why, we want to provide all the links you better check-out before this entrepreneurship journey!
A startup is a company that is in the first stage of its operations. Usually, the idea owner (founder) will convince other team members of the potential of his concept, and start working on it, just like you will do on Friday evening. Your priority is to validate your business model and make sure you reach the “customer traction”. For this, the solution you have in mind must solve a pain point and meet user needs, as described in the Value Proposition Canvas.
You will thus have to “get out of the building” during the hackathon and test the traction of your potential solution. A great inspiration for this is the Lean start-up methodology, popularised by Eric Ries in his book.
By exploring the customer journeys and collect their feedback, you will better identify the typical “persona” and refine your main question. This Design Thinking approach, introduced by IDEO, is key to bring user-centricity into your solution. Once you have ideated and define the most appropriate solution, the next steps are to develop a prototype and test it again on your targeted audience. Before to further build your solution, developers generally say that it’s better to align on the user and functional requirements, which will come once the basic elements of your Business Model Canvas are filled-in.
Business model canvas
These first customer interactions will help you to complete your Business Model Canvas (BMC) . You can also decide to use the Lean Canvas (https://leanstack.com/why-lean-canvas/). Whatever the canvas you choose, when confronting it to the end users, you might need to pivot and adapt the potential solution. It is important to validate the main hypothesis before to jump on the prototype. The different features you decide to integrate into your product will have to meet the most important user expectations.
Minimum Viable Product
At the end of the Hackathon, ideally, you should have a first Minimum Viable Product. Watch this video to understand what it is:
Basically, as mentioned above, this working prototype will integrate the main functionalities of your solution. The developers will use the right code depending on the business needs. Sometimes, it is too difficult to build such a solution into one weekend. In order to have a tangible product at the end, you can then use different tools to build prototype. Axure or Pop can serve at the beginning. Proximus Enco is great platform to further develop your MVP too. According to your learnings, after the weekend, this MVP will evolve into a version 2.0.
Agile / Scrum methodology
There are different methodologies described here but all of them follow the idea of “Think Big, Start Small”. The well-known agile or scrum model is used by many start-ups and even large disruptive companies. It involves new roles and responsibilities, different processes and governances. Our facilitator, Michel Duchateau, explains very well how these agile ways of working can be implemented into a start-up environment. We invite you to have a look at:
A step further inside the new economy
It doesn’t stop here! Sharify Hackathon is not only about enabling you to create your own start-up. We want to facilitate the transition towards a new economy, collaborative, circular and connected.
More and more people have heard about collaborative and circular economy but don’t really understand these concepts and their full extent. Collaborative economy is all about how to make different parties work together to create commons that comprise sharing platforms allowing peers to interact but also shared knowledge, co-creation, crowdfunding etc.
Circular economy is all about changing our mindset about our resources. We know now that our resources are limited but still we act as they are infinite with a linear economy that extract resources (materials, energy, water etc.), turn it into products, use it and discard as waste that is to say resource considered by its possessor to have virtually lost all its value. We cannot keep it that way and have to consider the true value of our resources at every step of their life cycle. It is not only environmentally sound; it is also the only economically viable solution! That is why we want with this Sharify Hackathon to guide into this new economy. If you want to know more about http://uberizeme.be and circular and sharing economy.
Are you ready to pitch now? The last tips we can give you is to look at this recommendation of our friends from Startup Weekend
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