Xathon 2023: OPEN INNOVATION CHALLENGE for WOMEN in AI
powered by Henkel dx Ventures
Xathon, Henkel dx Ventures business hackathon for female entrepreneurs transformed into an Open Innovation Challenge on Henkel’s actionable business challenges. Like a startup we challenged ourselves and pivoted the format, retaining our commitment to empowering female founders. This year we are looking for female entrepreneurs who want to collaborate with us on two distinct challenges, each to be solved with AI. Powered by Henkel dx Ventures, the corporate venture capital arm of Henkel's consumer goods business, Xathon seeks visionary female founders ready to pioneer in this rapidly growing field.
The winner of this year’s Xathon will win a Proof of Concept (PoC) with Henkel which is worth 25.000€.
Accept our challenge and apply now to pitch your innovative solution on October 27th at the Henkel Innovation Hub in Berlin.
Join this initiative that aims to shape the future, providing network, innovation and visibility, and be part of the change that aligns creativity with tangible business solutions.
Venture vision AI challenge: Revolutionizing investment decision-making
Develop AI-powered algorithms to enhance the identification of companies with high potential for investments or M&A opportunities. The application should provide solutions on optimizing one of the elements of due diligence, valuation or deal structuring processes.
Label Workflow AI Challenge: Transforming Packaging Label Management
Develop AI-driven tools to streamline the entire Packaging label workflow within marketing / brand management. The application should address the optimization of either translation processes, article data maintenance, or legal and regulatory checks.
Empower the next generation of female entrepreneurs
The world is changing, so do we. As we celebrate the fifth year of our commitment to empower female tech leaders, Xathon has embraced change, evolving to meet the new demands and opportunities in the world of AI.
In the ever-evolving technological landscape, Xathon remains steadfast in its dedication to empower female founders driven to disrupt and innovate. This Open Innovation Challenge serves as more than a competition; it's a declaration of support, a commitment to nurturing female leadership, and an open invitation to women ready to make their mark. Engaging with real business challenges and collaborating with Henkel, participants can demonstrate their skills, build invaluable connections, and propel their venture forward.
The shift in Xathon's direction symbolizes more than a mere change of format; it reflects a renewed dedication to putting action behind inspiration, fostering an environment where female tech leaders are recognized, encouraged, and propelled towards success.
That's why our watchword is: #CHALLENGEACCEPTED
Who are we looking for?
We are on the hunt for visionary female-founded or female-led startups (with at least one female at the C-Level) and female entrepreneurs that are ready to take on our above mentioned Henkel business challenge, solved with their AI startup
We invite you to bring your co-founders with you – irrespective of their gender!
Why you should apply
Collaborate on real-world challenges
Engage with Henkel's real-world business challenges tailored to industry needs. Present your startup's capabilities, demonstrate your potential to create valuable solutions, and make a tangible impact in the dynamic tech ecosystem.
Prizes & Recognition
Win a Proof of Concept (PoC) worth 25.000€ with Henkel, aligning your innovative vision with tangible business objectives. Besides the PoC there will be also additional prizes like consulting voucher, 1:1 mentoring, access to premium network events and many more.
Connect with like-minded female founders, industry leaders, and key decision-makers in AI. Engage directly with top professionals and visionaries at our Final Pitch Event that promises a rich environment for collaboration, connection, and inspiration.
Who can apply for the Open Innovation Challenge?
We are looking for female-founded or female-led startups (with at least one female at the C-Level) that are ready to tackle real-world business challenges related to AI.
What are the main prizes for the challenge?
Winners have the opportunity to secure a budget of 25.000€ for a Proof of Concept (PoC) with Henkel and additional prizes provided by our partners like a consulting voucher, 1:1 mentoring, access to premium network events and many more.
Is there any cost to participate in the challenge?
Participation in the challenge is completely free. Travel and accommodation costs for the final pitch night event must be covered by the participants.
What if I miss the application deadline?
When and where will the Final Pitch Event be held?
What does the selection process involve?
Startups apply through our website. Applications are carefully reviewed based on alignment with Henkel's specific business needs and potential impact in the field of AI.
Can male co-founders or team members participate?
Yes, while we are targeting female-led startups, co-founders and team members of any gender are welcome to participate in the event.