The primary U2U Spring Hackathon ended with a show of inventive tech tasks from the highest 10 groups. With a complete prize worth of as much as $82,000, the taking part groups not solely acquired money prizes but additionally the chance to affix a particular startup incubation program by U2U Enterprise Builder and an opportunity to obtain help packages value as much as $500,000 from the U2U Community ecosystem.

Launched for the primary time in 2024, the U2U Spring Hackathon rapidly garnered practically 100 purposes from each home and worldwide groups inside a month of opening registrations. This not solely highlights U2U Community’s stature but additionally affirms Vietnam’s place within the world Web3 neighborhood, particularly within the startup and digital asset growth area.

Moreover, the competitors was sponsored by Amazon Internet Providers (AWS), the world’s main cloud computing firm, offering practically $40,000 in AWS credit. This sponsorship meant that the groups had their cloud service charges coated throughout product growth.

The primary U2U Spring Hackathon finale was held on the Saigon Innovation Hub, attended by a jury of main consultants within the Web3 subject in Vietnam. All through the competitors, a sequence of webinars and strategic orientation periods for the tasks have been organized, culminating within the number of the highest 10 groups with distinctive technological options that promise to carry helpful purposes to life.

On March 31, 2024, the highest 10 groups had the possibility to current their merchandise and technological options to the jury and Web3 subject consultants, in addition to representatives from main funding funds. This section allowed the groups to passionately convey the practical potential of their tasks.

The standards for evaluating the tasks within the finale have been meticulously chosen to make sure probably the most correct technical assessments, in addition to the usefulness and practicality of the tasks in enhancing day by day life via blockchain know-how.

With 4 coaching workshops and 20 main audio system from the blockchain subject, each regionally and internationally, the organizers acknowledged that whereas most groups have been technologically adept, they lacked different important abilities for startup success, equivalent to human useful resource administration, monetary administration, market growth, and many others. At this 12 months’s finale, Mr. Le Thai Duong, CEO of U2U Enterprise Builder, shared a couple of two-month, three-phase incubation program designed for the highest 10.

– The primary section consists of conferences and work periods with consultants from the U2U Community ecosystem for coaching in skilled growth abilities, technological help, and increasing Web3 sector connections.

– The second section entails direct coaching and observe with the ‘Entrepreneurs Mini – MBA’ program, enhancing deep operational abilities for working a startup, equivalent to planning, human sources administration, market evaluation, monetary problem-solving, negotiation abilities, and model constructing.

– After finishing these phases, the tasks will immediately obtain help from the U2U Community ecosystem, with funding alternatives of as much as $50,000 per mission and connections to U2U Community’s angel investor community and main Web3 funding funds. This represents a major alternative for potential Web3 tasks in Vietnam to achieve a regional scale and lay a robust basis for nationwide know-how growth.

This 12 months’s U2U Spring Hackathon finale was a marked success, showcasing groups that deeply perceive market potential and the flexibility to use know-how to supply helpful options for on a regular basis life. U2U Community’s continued help for these groups post-competition is anticipated to foster a spirit of entrepreneurship and convey invaluable merchandise not solely to the Web3 neighborhood but additionally to the broader know-how person base.

The ultimate victory went to Nimbus, the mission convincingly secured the champion place with its monetary evaluation software tailor-made for Web3 traders. This software allows Web3 traders to simply handle their investments throughout varied platforms, analyze information, and consider the potential of investments to attenuate threat for customers. 

The runner-up of the competitors was Token Tails, a workforce from Lithuania with an leisure app aimed toward constructing neighborhood and supporting animal rescue tasks. This app brings pleasure, relieves stress, and serves as an leisure software for animal lovers.

Following intently and claiming the third place was A Drop from the UK, with an software that simplifies the method of attempting to find airdrops, making it simpler to take part in defi via automation and using sensible contracts.

With the success of the primary U2U Spring Hackathon, U2U Enterprise Builder hopes to not solely help the highest 10 finalists but additionally to function a launchpad for Web3 startup tasks usually, providing them the chance to scale up and grow to be know-how unicorns with the technological sources from the U2U Community ecosystem.