Ultrahack is a company that managed to build a successful platform for open innovation events – hackathons or collaborative idea developments and idea competitions. Recently, the company has also started a partnership with a business acceleration programme and offers it as an additional service to the hackathons’ clients. Combining the internal team’s ideas and ideas from external sources, Ultrahack created a community where talented individuals, also representing leading industry partners, could meet and collaborate on future innovations in a friendly culture. Although, it is a success story, there were and are challenges that Ultrahack faces in running their business and this case study examines these as well.
Open innovation for SME's
