"Continuing the movement to potentially combat the effects of the COVID-19 crisis, the hackathon The Global Hack will bring together participants from around the world to develop ideas that could address the needs of today's changing world. The most successful ideas will share the prize fund of 120,000 euros. The hackathon will be held online from April 9-12," said a release from the organizers.
"Accelerate Estonia, Garage48 and Latvian creative forces are jointly creating the online hackathon The Global Hack, which will be held on April 9-12.
"The goal of The Global Hack is to build a platform that brings together people from all over the world to develop practical and creative solutions that directly address the crisis and challenges posed by the coronavirus. Anyone interested is
invited to join the Slack channel, where you can submit your idea. Registration is open until April 8. The organizers of the event emphasize that mentors who would like to provide support and share useful knowledge during project development are still invited to apply.
The virtual hackathon will be divided into 11 'tracks', which include the economy sector organized by Latvian creative force. Each strand will be attended by more than 20,000 participants from around the world, bringing the total to over 2 million. Hackathon participants will be supported by more than 1,000 mentors from various fields.
"The Latvian creative force has joined into co-creating the hackathon's economy track which will be powered by [i.e. sponsored by - Ed.] Swedbank," said organizers, adding that the hackathon is supported by the European Commission, Tesla, SpaceX, the World Bank, the United Nations, the World Food Program, Universal Music and other bodies and companies.
The European Commission will provide support of 75,000 euros to The Global Hack, of which 60,000
euros will be shared between the winning teams in each sector. In addition, the economy track of the
hackathon is supported by Swedbank, which will provide the main prize for the most promising idea - seed capital of 5,000 euros. The prize fund will be replenished until the end of the hackathon.