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Feb
01
2017

Startup Slalom + Garage48 hackathon invites the enthusiasts of sharing economy

From March 10 – 12 the Startup Slalom + Garage48 hackathon about the currently so popular theme - sharing economy, will take place in Riga. The participation is free of charge and all the startup scene and sharing economy enthusiasts are welcome to engage. The hackathon is organized by the Latvian Startup association Startin.LV in cooperation with Garage48 - an organization that hosts a variety of hackathons in Northern Europe, Eastern Europe and also in Africa. The event is supported by Altum - state-owned development finance institution.

Hackathon is an event that lasts for a certain period of time - in this case 48 hours - and the aim is to work in teams and create a technological solution. Initially, all the participants who have their own business ideas, present them to the others. Then, each participant chooses which the idea he wants to develop for the next 48 hours. The ideas, which are supported by the largest number of participants are then developed in the determined time.

Startup Slalom Hackaton Sharing Economy

Startup Slalom is a brand created by Latvian Startup association. The first hackathon took place in November 2016 on the topic of financial technologies. For this year's first hackathon the association has attracted an experienced partner Garage48 that has organized similar events for many years and has facilitated the launch of a number of successful businesses, for example, Sorry as a Service, MSQRD and Shipitwise.

The topic for this Startup Slalom hackathon is sharing economy - a theme that has gained a wide popularity in the last couple of years. According to PwC ("PricewaterhouseCoopers") and the European Commission, in Europe alone in 2015, the industry accounted for 28 billion euros of turnover, and according to forecasts in 2025 the total turnover could rise up to 570 billion. That’s why this time the purpose of hackathon - Startup Slalom. Sharing Economy - is to create a momentum for the development of the industry and its recognition in the Baltic region. Since 2013 it has developed in a very fast pace. We have managed to prove that talented entrepreneurs exist here who are able to create globally competitive business projects, such as Mintos, Twino and Taxify. The region also has attracted world-class companies, such as Uber, which is already successfully operating in Vilnius and Tallinn. Also, this year promises to be very promising in the terms of adjusting the industry’s legislation and its general growth.

Anyone interested in building their own sharing economy startup is invited to join. You only need to fill an application form here. Programmers, designers, project managers, and marketing professionals are especially welcomed. The number of places is limited! The best will get prizes, and the organizers will also provide high-class mentors to help with the projects.