The 23 million American small businesses operating today are a significant driver of the economy.
But, small business owners across the country are facing a number of critical financial challenges. Struggling to interact with customers efficiently, we know many need better payments systems and innovative strategies for improving customer satisfaction. Others lack the tools needed to track cash flows, expenses, and business outcomes. Many don’t have the savings necessary to cover even one month of businesses expenses. And that’s just to name a few.
So, come to SmallBizDev Hackathons to build solutions.
Mobile technology offers a new opportunity for small business owners to manage key aspects of their operations. And, the use of mobile devices is growing. In a recent study, we found that 34% of small business owners use mobile technology daily (Capital One) .
Right now, the space is ripe for innovation. The SmallBizDev Hackathons aim to ignite the development of mobile solutions that support the financial success of small business owners. Held in San Francisco, Chicago, and New York City, each SmallBizDev Hackathon is a two-day event where entrepreneurs, designers, and developers come together to collaboratively build mobile apps.
What do we want to see?
Mobile apps that meaningfully address a challenge (or challenges) faced by American small business owners. In each city, the most innovative and promising submissions will win their share of a $20,000 prize purse.