HackTribe
Date of Foundation
2023

HackTribe

HackTribe: Run hackathons and innovation programs—smarter.

The Idea origin story

HackTribe is a robust platform enabling companies, universities, and organisations to effortlessly manage hackathons, incubators and innovation programs through automation and streamlined processes. We enhance user experience and success of all parties involved by simplifying key tasks and fostering efficient collaboration.

The Mission

Simplify and elevate the way hackathons and innovation programs are managed—offering an all-in-one platform that enables faster collaboration, smarter execution, and meaningful outcomes.

Clients

Corporate Organizations Educational Institutions Government & Non-Profits

Problems we solve

Client’s problem

multiple platforms, time, lack of automation

Confirmation of problem

Using multiple platforms wastes time, causes confusion, and increases errors. Without automation, organizers face delays, burnout, and poor participant experience.

Solution

HackTribe provides a unified platform for managing both online and onsite innovation programs and hackathons. We automate every step, ensuring seamless organization and optimal participant experience.

Our technologies

This solution is based on technologies

Our service is built on cloud-based tech and uses AI for automation elements. We leverage JavaScript, Python for backend, and utilize data analytics for performance tracking.

How it works

HackTribe is an all-in-one innovation program and hackathon management platform for online and onsite formats. By simplifying every step, from registration to collaboration and evaluatuon.

Value for the client

HackTribe saves time, reduces stress, and boosts results by offering one smart platform to manage hackathons and innovation programs from start to finish.

Market and strategy

Market size

300

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

15

% of the market

Is our goal in the next 3 years

Team

My name’s

Karlis Skuja

My key role in the product

My key role is Business Development Management, and I'm responsible for strategizing and implementing growth plans, sales targets, and marketing initiatives.

Team size and key members

CEO Business development 15+ years of experience in IT and Innovation Consulting, Serial entrepreneur CTO Product and R&D 15+ years of experience in SaaS and AI systems development CMO UX and Marketing 5+ years of experience in Design, UX/UI, and Data Analytics Overall, we have participated in more than 200 hackathons and innovation programs as participants, experts, or organizers.

Competitors

Competitors

Our main competitors in the hackathon and innovation program space are Taikai, Devpost, Hackworks, Brightidea, and SkipsoLabs. They target similar markets but with variations in their execution strategies.

Our Advantages

HackTribe differentiates itself with an integrated, AI-driven platform that seamlessly automates pivotal tasks, streamlines management and supports hackathons as well as enduring innovation initiatives, enabling time efficiency and a superior user experience for all.

Business model

HackTribe earns revenue via subscriptions and service packages. We charge for platform access, featuring event setup to AI-powered automation, with options for custom add-ons.

Traction

We have effectively aided over 30 hackathons and innovation programs, fostering creativity and driving progressive change in numerous industries.

We aim to engage 50+ clients, generate €150K in revenue with an 80% retention rate. We'll improve our AI features, expand to new markets and reach a network of over 10,000 users while strengthening our core team and enhancing operations for scalability.

Metrics

Our platform has hosted 35+ hackathons, with a YoY growth of 40% in event management. We've onboarded over 3500 users across the Baltics and Nordics with a client retention rate of 80%. Notably, our revenue grew by 50%, driven by new markets and service upgrades.

HackTribe has exhibited dynamic growth, recording a 50% surge in revenues year-on-year. Our entrance into fresh markets and consistent addition of loyal clients reflects our scalability. Concurrently, we've diligently sustained robust margins amidst vigorous product development investments.

Incorporation

Our company incorporated in

Latvia

Key risks

Potential risks include market saturation with similar platforms, slower than expected adoption rate by target customer sectors, or technical challenges in delivering a seamless and robust platform.

Investments

$

90000

We raised investments

Our Investors

Personal investment

Rising Investments

$

250000

Currently, we are raising investments

$

500000

Estimated pre-investment valuation of the company

We’re looking for a co-founders

Open positions

Article

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Additional information

Growth