Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Bangalore, India
April 30 – May 1, 2016
Executive Summary and Final Evaluation Report
TABLE OF CONTENTS
EXECUTIVE SUMMARY ................................................................................ 3
I. INTRODUCTION........................................................................................ 4
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REC@NNECT Hackathon
Bangalore, India
April 30-May 1, 2016
EXECUTIVE SUMMARY
In the framework of grant agreement #S-LMAQM-13-GR-1190 funded by the U.S. Department of State,
CRDF Global, organized a two-day REC@NNECT Hackathon (April 30 - May 1, 2016). The event featured
venture lectures, tailored one-on-one mentorship, a pitching tournament, and other activities aimed at
application new skills and knowledge to attendees’ ventures.
While 45 participants attended various sessions, twelve attendees participated completely in both days
of the event. All twelve filled out the end-of-workshop survey. The survey results provide clear evidence
to conclude that the workshop was successful. The Hackathon resulted in significant knowledge gains
and development of new skills, provided a great venue for generating new ideas, and motivated
participants to move forward with their ventures.
REC@NNECT Hackathon workshop participants noted that they developed a number of valuable skills.
Pitching, networking and negotiation skills were most frequently cited as the most useful takeaways.
Other highlights included business model development and team-building skills followed by marketing
and investor-seeking skills.
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REC@NNECT Hackathon
Bangalore, India
April 30-May 1, 2016
INTRODUCTION
Program Background
Funded by the U.S. Department of State since 2013, REC@NNECT serves entrepreneurs
from Afghanistan, Bangladesh, Bhutan, India, Kazakhstan, Kyrgyzstan, Maldives, Nepal, Pakistan, Sri
Lanka, Tajikistan, Turkmenistan, and Uzbekistan. Since 2013 REC@NNECT, through CRDF Global, has
sponsored entrepreneurial skills-based webinars and virtual mentorship programs. It also conducted
international venture competitions, an online entrepreneurship course, and three entrepreneurship
workshops. The workshops, held throughout the region, included an entrepreneurs’ boot camp, a
hackathon and a venture competition with a final event.
For the 2016 programming, entrepreneurs were invited to register and join an online entrepreneurship
course to develop their venture from the idea phase through minimum viable product (MVP) and
prototype, and to hear tips on where to seek expertise, support and resources. CRDF Global integrated
three interactive webinars within the online course to create a forum for the exchange of ideas between
course participants In the first webinar, entitled "Launch Your Startup in 7 Easy Steps,” experts
highlighted top points from the REC@NNECT online course. The second webinar entitled “How to
Deliver a World Class Pitch” Philipp Kandal shared the basics of a great pitch and answered questions
from the 33 participants. In the final webinar, ten entrepreneurs took what they had been practicing
throughout the course and delivered live pitches to venture expert, Alex Kosik who provided live
feedback. All of these activities culminated in the two-day REC@NNECT Hackathon on April 30-May 1,
2016 which brought participants together for venture lectures, opportunities to apply new designs to
their ventures, tailored one-on-one mentorship, and a pitching tournament.
Participants
The REC@NNECT Hackathon workshop brought together 40 entrepreneurs from Bangalore and five
individuals from Bangladesh, Bhutan, Nepal and Sri Lanka. Participants attended venture lectures,
teamed up to apply new designs to their ventures, worked one-on-one with mentors, and competed in a
pitching tournament. Those who attended the event had previously succeeded in a venture selection
competition, joined a series of three webinars, and were invited to the online course in which over 100
people participated.
Evaluation Methodology
The data presented in this report is based on the results of the end-of-event evaluation conducted by
the CRDF Global team through a hard copy survey given to participants on May 1, 2016. Twelve
participants who attended both days of the workshop responded to the survey. The final report
summarizes the REC@NNECT Hackathon highlights and includes recommendations offered by
participants.
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REC@NNECT Hackathon
Bangalore, India
April 30-May 1, 2016
participants are applying new knowledge to improve their businesses. However, the limitations do not
diminish the value of workshop outputs evaluation offered by participants. Eleven participants were
males and one female, which does not provide a diverse representation of both genders’ experience
with regards to the mentoring, pitching, networking and business model sessions.
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REC@NNECT Hackathon
Bangalore, India
April 30-May 1, 2016
100%
90%
80%
70%
60%
50%
91% 91% 92%
40% 83% 83% 84%
75% 75%
30%
20%
10%
0%
How to have Teambuilding Which Networking to Angel Marketing a Building your How to
an awesome for startups business find new investing in startup on a own negotiate a
venture from model is best partners and South Asia budget marketspace business
South Asia for your investors agreement
startup? and close the
deal
Another important indicator of satisfaction is measured by the extent to which participants believed
the training sessions helped them to develop new skills. Graph 2 depicts participants’ satisfaction with
the listed interactive sessions and their usefulness in helping develop new entrepreneurial skills. Similar
to previous REC@NNECT workshops, the highest rating went to one-on-one mentoring session on Day
1 generating 100% of a cumulative positive rating of very useful and useful. The rating of the last two
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REC@NNECT Hackathon
Bangalore, India
April 30-May 1, 2016
sessions suggests that more time should be allocated for teambuilding and collaboration sessions.
100%
90%
80%
70%
60%
50% 100%
40% 75%
66% 67%
30%
20%
10%
0%
Hackathon Team Open team collaboration First day warm-up One on One mentorship
Formation time pitches on Day 1
All five areas of expertise show an increase in participants’ knowledge. The largest benefit is observed in
learning how to pitch. An ability to make strong pitches requires a great deal of knowledge about
pitching techniques. In the pitching subject-matter area the difference in means of 1.25 shows a
substantial improvement in knowledge gains.
The second highest knowledge gain is seen in learning to network to find partners and investors, which
resulted in a knowledge gain increase with a mean of 0.83. Though all five criteria have a positive
difference, the lowest two, 0.58 for teambuilding for startups and 0.59 for knowledge of true value
preposition, should be given more consideration when planning future workshops to ensure participants
master these content areas.
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REC@NNECT Hackathon
Bangalore, India
April 30-May 1, 2016
Graph 3: Participants’ self-assessment of knowledge – from 1 (basic) to 5 (expert) – before and after
the REC@NNECT Hackathon
5
4.25
4 3.75 3.83
3.58 3.67
3.25
3.08 3
2.92 2.92
3
0
Networking for Market research & Knowledge of true Teambuilding for Pitching
finding partners & venture assessment value preposition startups
investors
Before After
The two most notable skills are pitching (10) and networking (6), followed by negotiation, team-
building, business model development (each listed by three participants), finding Investors (2), and
marketing (2). Other skills mentioned included approaching venture capitalists (VCs), startup finance,
investment case building, and scenario analysis. The fact that each participant took away three new
skills shows that they would be in a position to apply those skills to benefit their ventures and the
community. A visual depiction of skills developed is illustrated in word cloud below:
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REC@NNECT Hackathon
Bangalore, India
April 30-May 1, 2016
Responses underwent a frequency analysis that underscored two major themes: 1) deepening of
participants understanding of value proposition as a concept, and 2) translating technical knowledge of
participants’ ventures into language appropriate for the marketing and negotiation stage.
Participants’ quotes regarding their understanding of venture’s true value proposition as a result of
the REC@NNECT Hackathon:
“Reconnect has shown me the actual way out, a road to my goal, [in] a dream come true sense”
“I now understand business models, business model canvassing”
“I now understand the nuances of marketing”
“Have gotten a deeper insight on a few products of my venture”
“First, I knew a venture’s true value proposition lies in solving customers’ problems, but now I realized
to monetize it through better negotiation”
“Nice exposure and feedback”
“I realized it’s about commitment and how plugged your product is going to be in the future”
“Very glad to be a part of the event, benefitted immensely.”
Participants’ quotes regarding the most insightful idea discovered about their venture or management
styles while at the REC@NNECT:
New skill set development and/or improvement
“Yes! I can do it!”
“Other ways of marketing”
“I need to improve my negotiation skills to get the best out of my venture while looking for investment”
“Building team, negotiating”
“Articulate and good pitching skills”
“Good sales and networking style”
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REC@NNECT Hackathon
Bangalore, India
April 30-May 1, 2016
Concrete steps participants planned to take in the three to six months after the event
Activities within three months: Most participants said they would focus on growing their capacity in the
short term, specifically through fundraising. Six of the ten participants who answered this question cited
raising funds or finding a partner with financial capital as one of their short-term priorities. Three
participants hoped to further develop their networks with individuals they met at the workshop,
whether through collaboration on their ventures, or by attending more events like REC@NNECT
together. Three participants planned to either purchase machinery, set-up their manufacturing unit, or
physically build facilities for their venture. Two individuals would employ newly gained marketing skills.
Selection of participants’ quotes regarding activities planned in the next three months:
“Work on my venture; find a V.C. or funding source; polish my idea to make sharper.”
“Networking, find new partners, build a team.”
“Buy machinery, get licensed.”
“Generate revenue on my own, visit more events like this.”
“Marketing, business models, funding.”
“Financial modeling, learning marketing strategies.”
“Scale, build, hire.”
“Connect with schools.”
“Complete set up of manufacturing unit.”
“Pitch, meet people, raise funds.”
Activities within six months: Six-month goals demonstrated an even stronger trend towards growing
participants’ ventures and building capacity. Five of the eight participants that answered this question
planned to find partners and collaborators, to expand into franchises, to scale their operations, or to
begin contracting. Two participants hoped to continue their training. One planned to begin marketing
their brand outside of their immediate region. One participant would begin monitoring user feedback.
Selection of participants’ quotes regarding activities planned in the next six months:
“Try to franchise my venture, will develop what we say ‘value addition’, promote my brand across
Bangalore.”
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REC@NNECT Hackathon
Bangalore, India
April 30-May 1, 2016
0%
Increase Revenue Expand business network Increase credibility Found a new team
member or partner
Yes No Maybe Too early to say
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REC@NNECT Hackathon
Bangalore, India
April 30-May 1, 2016
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REC@NNECT Hackathon
Bangalore, India
April 30-May 1, 2016
III. CONCLUSION
The survey results provide clear evidence that the workshop was successful. Participants reported a
great deal of satisfaction with the workshop content, found their experience beneficial and valuable,
and shared that their objectives were achieved. More specifically, participants believed that their
experience with the REC@NNECT Hackathon would make a positive impact on their daily operations.
The workshop created a platform for networking and sharing new knowledge while increasing
participants’ awareness and motivating them to maintain connections established at REC@NNECT.
Brainstorming with lecturers and mentors during workshop sessions and participating in one-on-one
mentorships helped the participants to clarify their vision with regard to the next steps for improving
their ventures. By outlining what they would do differently and what initiatives they would launch
within the next three to six months, the participants provided a strong indicator of the workshop’s
success. A comment from one participant summarized the spirit of the workshop – “Yes, I can do it!”
The most frequently mentioned beneficial experience during the REC@NNECT Hackathon was
networking with fellow participants, international professionals and mentors as well as learning from
experienced entrepreneurs. Participants were most enthusiastic about the one-on-one mentoring
sessions where they learned different presentation and pitching styles and techniques.
In order to further assist these participants in advancing their business and in building stronger
networks, it is important to engage them in an online community of prospective and current
participants, alumni, and mentors and to facilitate their interaction through social media. Offering a
series of webinars, sponsoring community meetings and other forms of engagement directly with the
participants and through local partner organizations could promote sustainable collaboration of
entrepreneurs and assure ongoing assistance to their ventures. Participants shared with the CRDF Global
team that they would benefit from more networking opportunities during and after the workshop.
Specifically, they noted that they would like to have regular meetings with REC@NNECT alumni who had
become successful in their business fields.
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