The Small Business Administration and Visa will hold a three-day hackathon to encourage entrepreneurs and designers to develop applications and other platforms to help small businesses recover from natural disasters, FedScoop reported Monday. SBA will give $60,000 in total prizes, including $25,000 for the first place winner.
Participants will have access to the Visa Developer Platform and the U.S. government’s application programming interfaces to develop their apps as part of the Small Business Week hackathon that will kick off Friday, May 3, in Washington, D.C.
The event seeks apps to help small companies restore revenue stream, secure funds for short and long-term recovery, pay employees, find suppliers and deal with service disruptions following a natural disaster. Maria Roat, chief information officer of SBA, will serve as a judge and Chris Pilkerton, acting SBA administrator, will announce the winners Sunday.