LVG Hackathons
Hackathons are dynamic open innovation models that bring together groups of around 100 individuals, all driven by a common goal – collectively tackling a challenge of their choice.
2-3 DAYS
DURATION
AROUND 100
PARTICIPANTS
IN-PERSON
MODE
LVG HACKATHON
Transform Your Luxury Business Idea into Reality
Immerse yourself in our intensive 2 to 3-day hackathon, where you’ll join a team of passionate innovators to ideate, refine, and potentially launch your groundbreaking luxury business concept. This immersive experience will equip you with the technical skills, problem-solving prowess, and co-founder network to transform your vision into a tangible reality.
Step into the Fast Lane of Luxury Innovation
Our hackathon is designed to catapult your luxury business idea into the fast lane of success. You’ll tackle real-world industry challenges, refine your pitch, and gain invaluable feedback from experienced mentors and potential investors. Prepare to showcase your innovative solutions and secure the necessary resources to bring your luxury vision to life.
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PROGRAM FLOW
The program’s flow typically encompasses a duration of one to three days, preceded by an extensive preparatory phase lasting up to three months. During these immersive events, forward-thinking startup teams present their visionary concepts to corporate partners, paving the way for collaborative partnerships aimed at piloting groundbreaking new products. Each participating team channels their creative energy and expertise into devising practical solutions for the challenge statements set forth by corporate partners.
PHASE 1 – CHALLENGE SELECTION
In collaboration with your input, we identify and prioritize challenges and issues aligned with the strategic needs and priorities of the industry, facilitating the innovation process for participants during the event.
PHASE 2 – SCOUTING AND ELIMINATION
During this phase, LVG HUB initiates the application process and actively scouts potential participants for the Hackathon over a flexible period. We leverage our extensive network, which includes accelerators, universities, and startups. As part of this process, we curate an updated ecosystem database. Typically, we receive a substantial number of applications for each Hackathon, and our selection process narrows it down to approximately 20-30 groups, each consisting of 3-4 individuals. This selective approach streamlines orientation and communication efforts.
PHASE 3 – ORGANIZATION OF THE HACKATHON
Phase 3 is where the real value of our program shines. It’s not just about logistics; it’s about creating an environment for innovation and collaboration. We meticulously plan and execute the Hackathon event, providing seamless experiences for all participants. This phase fosters networking, facilitates prototyping and product development, showcases results, and offers valuable learning opportunities. Phase 3 is where creative ideas become practical solutions, making it a crucial part of our program’s success.