# Hackathon Continuation Program

**URL:** <https://forum.arbitrum.foundation/t/hackathon-continuation-program/27492>\
**Category:** Finalized AIPs\
**Created:** [November 10, 2024, 9:35am UTC](https://forum.arbitrum.foundation/t/hackathon-continuation-program/27492 "2024-11-10T09:35:53Z")\
**Posts on this page:** 1\
**Showing post:** 22

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**Author:** ![kuiclub](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/kuiclub/32/13305_2.png) [@kuiclub](https://forum.arbitrum.foundation/u/kuiclub)\
**Post date:** [November 16, 2024, 6:12am UTC](https://forum.arbitrum.foundation/t/hackathon-continuation-program/27492/22 "2024-11-16T06:12:05Z")

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> [@danielo](#):
>
> We’ve designed a 6-month, two-phase program to capture the best of the hackathon talent and energy.
> 
> - Phase 1 focuses on validating ideas (customer development, lean startup, and design thinking methods).
> - Phase 2 supports projects to move from PoC to the development of a market-viable MVP and securing the first 100 users.  
> Projects will receive mentorship, weekly hands-on support, and resources to drive traction and long-term sustainability throughout both phases. This initiative, co-funded by RnDAO and Arbitrum, aims to build an ecosystem of Arbitrum-based ventures that will continue to grow and attract new projects.

_Six months is too long, and it is recommended to set up a mid-term check-in time every 1-2 months to assess the progress of the program and ensure that resources are being used. Like a 2 month check in?_

> [@danielo](#):
>
> **Why $50k per project**  
> This amount is sufficient to build an MVP and explore the next stage (forcing a narrow scope but also allowing up to 3 months after to explore a fundraise and/or generate some revenue). Additionally, it’s important to have the funding lined up for projects as long as they do a good job. This allows founders to focus on validation and building instead of stressing over funding and thus submitting multiple grant applications across multiple chains. In our previous experience with the CoLab we lost 2 valuable projects to other chains (Optimism and Cardano) because we couldn’t provide funding soon enough.

Is a budget of $50,000 per program on the high side? Is there any data to prove that this amount is effective in driving MVP and market validation? What are the funding sizes of similar programs in other chains? If there are issues with wasted funds or project teams leaving, are there appropriate countermeasures? For example, recovering funds or quickly moving to other projects.

> [@danielo](#):
>
> Program Outcome:
> 
> In six months, we aim for at least 3 out of 4 projects to:
> 
> 1. generate revenue (early validation), and/or
> 2. secure additional grants or successfully fundraise to continue growing.

The proposal mentions that only 4 projects will be selected, is it possible to try to lower the threshold so that more small teams can get small support (e.g. $10-20k) and test the waters for more possibilities?

Personally, I suggest lowering the threshold to attract more projects, many innovative projects are in the exploratory stage, good ideas and teams with project mentors, full-time support and operational resources may not have the same effect.

The direction of the proposal is good, whether the resources landed are real or not, I think this is very important

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