Hackathon Budget Planning

Realistic cost estimates and budget templates for any size event. Calculate your budget, secure approval, and avoid overspending.

Interactive Budget Calculator

Understanding Budget Categories

Here's what you actually need to budget for when running a hackathon. These are realistic estimates based on organizing dozens of events.

Food & Beverages

The #1 thing participants remember. Don't skimp here.

  • In-person: $40-50 per person (meals, snacks, drinks)
  • Virtual: $10-20 per person (gift cards for lunch)
  • Multi-day: Costs increase by 80% for 48-hour events

Venue

Where will teams actually work? Think about space, power, and WiFi.

  • Office space: Free (if you have it)
  • External venue: $500-2,000+ (depends on size)
  • 48-hour events: Double the venue cost

Prizes

Recognition matters more than cash, but prizes drive participation.

  • Small events: $500-1,000 total prize pool
  • Medium events: $1,500-3,000 with tracks
  • Large events: $5,000+ with multiple tracks

Swag & Materials

Optional but memorable. T-shirts, stickers, and notebooks.

  • Virtual: $8-10 per person (stickers, digital swag)
  • In-person: $12-15 per person (t-shirt + stickers)
  • Premium: $20-30 per person (plus backpack or mug)

Budget Rule of Thumb

For in-person events: budget $50-75 per participant for a good experience. For virtual: $15-30 per participant. Always add 10% contingency for surprises.

How to Get Budget Approved

Your CFO cares about ROI, not vibes. Here's how to make the business case for your hackathon budget.

1. Frame It as Innovation Investment

"We're investing $5,000 to generate 50+ product ideas from our team. That's $100 per idea - way cheaper than hiring a consultant."

2. Show Past Success Stories

Share examples of hackathon projects that became actual products. If it's your first hackathon, use case studies from other companies.

3. Compare to Alternatives

"$5,000 for a hackathon vs. $50,000 for an off-site or $100,000 for a consultant. Plus team building and morale boost."

4. Highlight Employee Engagement

"This is a chance for engineers to work on passion projects, cross-functional teams to collaborate, and everyone to feel heard."

Maximize your budget with HackHQ: No per-event fees, no surprise charges. One simple price for unlimited hackathons. Invest more in prizes and experiences that inspire teams. See pricing