Taking on an idea and turning it into a viable business is nothing to scoff at. It’s an impressive undertaking that requires a lot of work, dedication, and, most importantly, the right team. The process of turning an idea into a business is often referred to as “The entrepreneurial journey.”
As expected, this journey is not for the faint of heart. It’s a long and difficult road, with plenty of obstacles and challenges along the way. And yet, some are up for the challenge. They’re the ones who see opportunity whereas others only see the difficulty. They’re the innovators, the game-changers, the risk-takers. They’re entrepreneurs.
The blockchain space is filled with such individuals. People who are constantly looking for new ways to use this technology to create viable businesses. However, given that the blockchain space is still in its early stage, most individuals with great ideas of how blockchain technology could be used to change the world struggle to find the right team and resources to make their vision a reality. This is where the BizThon event comes in.
BizThon is a blockchain-based business hackathon event that provides entrepreneurs with the resources they need to turn their ideas into successful businesses. The event does this by connecting entrepreneurs with experienced mentors, industry experts, and investors
There are 5 tracks in BizThon 2.0, DeFi & CeFi, NFT & Metaverse, Gaming and Blockchain Everything.
The BizThon Event
BizThon, a combination of the words ‘business’ and ‘hackathon’, is an annual event that encourages collaboration between a wide variety of participants ranging from developers, designers, entrepreneurs, investors, and project managers from all sorts of industries. Everyone at BizThon comes together to interact with some of the world’s brightest minds to build and pitch a project as fast as possible.
With the theme of this year’s BizThon being “Walk in as an Idea, Walk out as a Business,” the event stands by the promise of being much more than just a competition. The concept of “Walk in as an Idea, Walk out as a Business” is built on the fact that people can come up with ideas, but those ideas can only be great if they are nurtured and supported with resources to help build a business.
In other words, the theme highlights BizThon’s commitment to supporting the success of great ideas by ensuring access to a strong team and the resources necessary to execute the idea. Or as Guarav Dubey, CEO of the organization behind BizThon, puts it “Ideas lose, People don’t.”
At its core, BizThon is a uniquely designed blockchain hackathon that allows entrepreneurs to network, learn, and grow their businesses. The event consists of three main phases: the idea submission, the MVP submission, and the investor presentation which is the final round.
The idea submission phase is where entrepreneurs submit their ideas and form teams in just a matter of hours. Then there is the MVP submission phase, where teams work on developing their Minimum Viable Product (MVP), and the Investor presentation where teams pitch their MVPs to a panel of investors.
BizThon provides entrepreneurs with access to a wide variety of resources that can not only develop their idea but also take it to the next level. These resources include:
Mentorship: BizThon has a team of experienced entrepreneurs and industry experts who mentor the participants throughout the event.
Industry Expertise: The company also invites industry experts to speak at the event and share their insights on various topics related to blockchain technology and business.
Investors: BizThon is also able to connect entrepreneurs with a network of potential investors who can provide the funding necessary to turn their idea into reality.
The event is structured in such a way that it allows for maximum collaboration and networking between the participants. It also provides an opportunity for participants to learn from each other and grow their businesses.
By the end of the event, the winners of BizThon get rewards and airdrops worth more than $ 1 million.
Why it is a BizThon and not a hackathon
A hackathon by definition is an event where computer programmers and others involved in software development, like graphic designers, interface designers, and project managers, collaborate intensively on software projects.
So, a hackathon (by design) is biased toward developers and those who can code. BizThon, on the other hand, is designed for entrepreneurs, designers, project managers, and investors who want to work on blockchain projects.
The emphasis for BizThon is on building a business rather than just developing a software application. This makes it more accessible to a wider range of people with different skill sets.
BizThon is not only an event but also a community of like-minded individuals who are passionate about using blockchain technology to change the world. The event is a great way for entrepreneurs to network and learn from each other. It is also an opportunity for them to pitch their ideas to a panel of investors and get funding for their projects.
Conclusion: Making a Difference
After the success of the last BizThon event at GITEX Dubai where more than 250,000 people from 140 countries participated, TDeFi (Bizthon host) is proud to announce BizThon 2.0.
This year BizThon will also have Campus Qualifiers to encourage participation by university students. BizThon’s Campus Qualifiers program will educate students on Blockchain Technology and encourage them to participate in BizThon. This will entail a one or two day Blockchain-based hackathon to be run in colleges as a move to empower innovators and developers in the Blockchain space. BizThon is open to collaborating with more academic institutions to host Campus Qualifiers.
Thanks to TDeFi for hosting BizThon, everyone in the blockchain and crypto space will have a great opportunity to network, learn, and grow their ideas. TDeFi is a crypto incubator and lifetime advisor that helps blockchain-based companies from start to finish.TDeFi offers advisory services on a project’s transactional token economy, market-making strategies, and everything else a blockchain-based business needs in its lifecycle.
With the incoming BizThon event, TDeFi is looking to further make a difference in the blockchain community and support the growth of blockchain technology.