Similar comment to other local nodes, overall looks good but I see significant risks of wasting budget in the Hackathon.
Our research shows that hackathons structured like this (no vertical focus, no previous research programs, no clear connection to subsequent steps) have VERY poor ROI. A better alternative is to have the local nodes as talent funnels and send that talent to vertically integrated innovation pipelines e.g.: Payments research => payments hackathon (online with invites shared across all local nodes) => MVP program => etc.
Instead, trying to replicate the builder programs locally forces local nodes to try to do too many things well, and likely under-deliver.