Wellmark wants your startup to be successful. Leverage a hackathon to prove how awesome you are.
If you kill it in one week they will sign a letter of intent to buy your future product, assign an executive to iterate with you, and we'll invite you to the preincubaton program.
Teams leaving the hackathon with a LOI are invited to weekly private events, dinners,
and mixers with top industry and VC executives.
After 90 days, you will demo your concept to BCBS executives and (hopefully) win a contract. We might ask for equity, but only if you land a major client because of us.
Think a $50,000 client sounds good? How about 38 of them? That's how many companies are under the Blue Cross umbrella. 4 Blues will be attending and assessing whether your startup can be scaled to their organizations as well.
Typical programs make you pay up front. We're different.
Land your first major client because of us, we'll ask for 3-5% equity. No obligations, but our goal is to land you many clients - so keep us aligned and fighting for you.
Unlike typical programs, you only pay after you see value.
Here's a taste of problems to be pitched
*Ballpark estimate depending on your solution. Could be worth more or less. Not bad for your first client though, right?
11:30 amDoors open, lunch, networking
12:00Logistics, problem pitches
12:30 - 6:00Ideation / iteration with execs
8:00 pmVenue closed
10:00 amDoors open, more iterating
11:00 - 4:00More iterating
5:30Round 1 winners selected
11:00 amDoors open, networking
12:00Pitching, Judging, LOIs signed
3:00Beer, inductance to Prebacked Ignition