Budgeting and setting prizes developers want
Budgeting is a key factor when planning a virtual hackathon. The good news is that careful planning can ensure a successful hackathon—without overspending. Allocate funds for technical infrastructure (such as the online platform used to host the event), marketing, and prizes. A great way to increase your budget is to seek sponsorships from companies or organizations that align with your event's theme.
Prizes can be one of the most expensive factors when running a virtual hackathon. While it’s important to offer rewards that will excite developers and motivate them to participate, the prizes don’t always have to be pure cash. Along with cash prizes, hackathon organizers might offer tech gadgets, internship opportunities, or other professional development opportunities like a one-on-one meeting with an executive.
Increase interest even lithuania telegram screening more by diversifying the prize structure to reward more developers and reconnect back to various aspects of your hackathon goals. Examples of this might be to add prize categories for the most innovative project, best execution, or the most impactful project.
Download this guide to learn how to Calculate the Total Cost of Running an Online Hackathon.
Keep developers in mind from start to finish. Grab their interest by clearly outlining what participants will get out of the hackathon (and not just the prizes). Emphasize the technical aspects of the hackathon, what participants will learn, opportunities that are available to them, and any other benefits you’re providing.
Developers are busy, so quickly get to your point and stick to it. Give them specifics and outline everything they need to finish the task you’re requiring of them.
#6 Use the right marketing tactics to reach developers
To maximize the reach and participation of your virtual hackathon, focus your marketing efforts on developers. Utilize social media platforms, programming forums, and tech communities to spread the word.