As an extension of Rackspace Training for OpenStack at the Massachusetts Institute of Technology (MIT) this week, we’re helping 3 Day Startup with its weekend entrepreneurship education program that emphasizes “learning by doing.”
Several Rackers are among the mentors for more than 20 students from MIT and surrounding areas who are working on building five startups by Sunday night.
The weekend’s events started yesterday afternoon with students and mentors brainstorming and then pitching 11 different startup ideas. Of those, the group picked five ideas to pursue this weekend ranging from a more personalized version of Yelp to a new way for groups to communicate at concerts and field trips. Now the race is on to field customer research, create branding and marketing plans and build a working prototype of each product by Sunday night, when final pitches will be presented to a panel of venture capitalists and business advisors.
Unlike other hackathons, 3 Day Startup is not considered a competition. No winner is selected. Instead, all groups are encouraged to continue to pursue their ideas. At past 3 Day Startup events, several startups have come to life, so some new businesses could be born this weekend.
For more on 3 Day Startup, check out our video of Day 1:
Be sure to check out our coverage from Rackspace Training for OpenStack at MIT.