Pozi.io- Stop wasting more ideas
By: Tamas Müller
Tags: Startup, Wasting, Entrepreneurship, Pozi, Hackathon

Over the last decade, startup hackathons have provided a forum for the best and brightest to demonstrate their capabilities in generating new ideas. Taking place over 2 to 3 days of intense brainstorming, the hackathon format was originally intended to take the biggest ideas to market fast, typically in the form of a minimum viable product to demonstrate feasibility, prior to full-scale investment. Yet it has not worked well as the hackathon fails to deliver solid results and most hackathon outputs are lost throughout.

The basic problem is that the hackathon appears to struggle to generate sufficient viable projects. Nor does the format contribute to the further development of these ideas by pooling expertise around the startup. Many of the participants will disappear from the scene after the hackathon and are forgotten and thus the cycle of doomed ideas starts again. Without tackling these weaknesses, the hackathon fiasco is doomed to repeat itself year after year, generating much excitement over a few days and then slowly fading till the following year. The current mortality rate of ideas in the startup world remains unacceptably low and this has to change.

“At such innovation events, we not only waste ideas but also talent,” said Roland Kovacs, CEO of Pozi.io. “The end result of the competition is a spreadsheet that the organizers will eventually forget. The ideas will never be published and in a month no one will remember it.”

What if brainstorming, prospective investors, experts, students, developers, and like-minded people were all available in one place focused on a few single big ideas? A place where ideas are not lost, where partners can be easily found, and ideas are taken through the initial steps of market validation without too much fanfare or complexity?

This is the objective of the newly formed Pozi.Io; an online community platform for startups, where everyone involved can introduce themselves, meet and talk freely debate, and function as a complete startup ecosystem. Every feature of the open innovation platform serves this purpose, with the inclusion of a matrix-based search and a powerful one-pager generator for all projects.

A key differentiating aspect of the Pozi startup ecosystem is the way members can access and communicate with other members without having to connect. This removes an unnecessary hurdle for improved networking. Another aspect is how members register their roles, capabilities, and interests. What matters is not a long list of university degrees, previous jobs, or job titles. Instead, Pozi is focused on what each of the members can bring to the startup party, as well as what areas of development, business, and financing remain for projects of potential interest. This makes it simpler for members of the Pozi startup ecosystem to become visible to one another and thus easier to find.

Pozi started its ecosystem initiative earlier this year with an idea competition titled Restart 2020. This dealt with the rising problem of dealing with Covid-19 in our daily lives. Since then Pozi has expanded to offer ecosystem services to several specialized groups, including innovative university organizations to also organize their idea competitions with Pozi itself. Businesses are welcome and encouraged to join the platform to post their challenges to the Pozi community, thereby connecting innovators with potential investors to bring forward new solutions faster and cheaper.

“Some people think the idea is nothing, the implementation is everything. We at Pozi believe that behind every good idea is a valuable person who deserves more attention.” — Roland Kovacs

Pozi aims to encompass all elements of a successful startup lifeline, from idea generation to seeding, including feasibility check, viability check, and scale-up. This initiative to improve on the failings of idea competitions was started early this year and already today counts with over 500 members from all walks of startup life. Pozi: a place where everyone knows your name.

Interested? Pozi is free and registration takes only a few minutes; click here.

Contact:

Tamas Müller

CMO & Co-Founder

Email: hello@pozi.io

Web: pozi.io

Extract:

Pozi.io is the latest global meeting point for the innovation ecosystem. In recent years, its founders, as active players in the startup world, have built international bridges to connect global startup hubs. The recently launched unique social media site aims to connect talents, improve the efficiency of hackathons, and idea validation. The registered users of the site, launched specifically with innovation and startup themes, can now find talents from 30 countries.