The SmallBizDev Chicago Hackathon, which encourages developers, designers entrepreneurs and others to create mobile solutions to solve financial challenges faced by small businesses, will be held later this week at 1871 in the Merchandise Mart Plaza.
The event—sponsored by the D2D Fund and the Center for Financial Services Innovation—will be held July 19-20. It is open to U.S. citizens and permanent residents who are at least 18 years old; up to five individuals will be allowed on each team.
On Saturday, a panel discussion will be held on the challenges facing small businesses, followed by a design workshop led by Capital One. Sunday’s events will include live demos of the proposed solutions and voting for a Hackers’ Choice award.
Winners will be eligible to receive a $10,000 grand prize for first place, and two runners up will each receive $5,000. The grand prize winner will also have the chance to demo their app before a panel of leaders from the financial services leaders in Virginia in October.
Additionally, participants will receive a $50 promo code to lend to small businesses using Kiva. Technical resources and on-site experts will be available to help teams.
The Hackathon event, which will be presented by Capital One, is the second of three; an event was held in San Francisco last month, and another event is scheduled for New York in September.