Ultrahack
Ultrahack is a Helsinki-based open innovation services company (legal entity Futuretournaments) that designs and operates hackathon-based programs connecting startups, developers, corporates, and public organizations across sectors including finance, quantum, defense, climate, and healthcare in Europe.
- Company typePrivate
- Founded2015
- HeadquartersHelsinki, Finland
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Ultrahack does
Ultrahack (legally Futuretournaments) is a Helsinki-based open innovation services company founded in 2015 that designs and runs hackathon-based programs connecting individual talents, startups, corporates, and public organizations. The company operates a unified service portfolio built around three integrated pillars — Innovation Hackathons (typically 48-hour onsite or virtual events), Custom Industry Challenges (sector-specific design for health, fintech, climate, mobility, defense, and quantum), and Innovation Programs & Accelerators (structured pipelines from scouting through to pilots) — plus a Talent & Recruitment Events offering that uses the hackathon format for corporate hiring. Underlying technology is services-led rather than software-led: the platform orchestrates participant, partner, and challenge workflows while integrating partner-supplied technology such as IBM quantum systems, IQM hardware, Microsoft AI tools, Intel and Luxonis computer vision, Nokia and Elisa 5G networks, and ESA/Copernicus satellite data.
Revenue mechanics are professional services in nature: corporate and institutional sponsors (Nokia, IBM, PwC, KPMG, Microsoft, OP Pohjola, Nordea, ABB, Skanska, Huawei, ESA, European Commission programs, Finnish Defence Forces, Business Finland, Sitra, and multiple Finnish cities and universities) fund themed challenges and programs, while participants access prizes, mentorship, and pathways to pilots. GTM is community-led and event-driven, relying on hackathon participation as the demand-generation engine and on partner networks (Hanken, Aalto, Tampere University, Metropolia, Laurea, HAMK, EIT Digital, and others) as the corporate sales channel. The company claims a community of 100+ members, 20+ solutions developed through partner challenges, 4.6/5 participant satisfaction, and more than 1 million EUR in aggregate prizes, pilot projects, and grants flowing through its programs, though Ultrahack's own revenue is not publicly disclosed.
Ultrahack firmographics
Firmographics- Name
- Ultrahack
- Legal name
- Futuretournaments
- Website
- https://ultrahack.org/
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Ultrahack is a Helsinki-based open innovation services company (legal entity Futuretournaments) that designs and operates hackathon-based programs connecting startups, developers, corporates, and public organizations across sectors including finance, quantum, defense, climate, and healthcare in Europe.
- Ownership category
- akta.pro rank
Where Ultrahack is headquartered
LocationHeadquarters
- HQ city
- Helsinki
- HQ country
- Finland
- HQ region
- Europe
Offices1 record
Markets served
Ultrahack business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Corporate Innovation Services: Ultrahack provides innovation hackathon services to companies and partners, accelerating concept generation and validation, launching pilots, and building dealflow with startup and developer communities. Services include custom industry challenges for health, fintech, climate, mobility, and other priority domains.
- Innovation Programs & Accelerators: Structured programs that build pipelines from scouting to pilots and measurable business outcomes. Companies engage with Ultrahack to access innovative solutions and talent through structured innovation challenges.
- Talent & Recruitment Events: Events that engage high-potential builders and strengthen talent pipelines through practical collaboration, providing companies access to skilled developers and innovators.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Ultrahack product offering
Product offeringCore offering
Ultrahack is a global open innovation services company that organizes 48-hour hackathon events and innovation programs. The company connects individual talents, startups, corporates, and public organizations to co-create solutions to defined challenges across multiple industries. Its deliverables include curated challenge tracks, end-to-end event delivery, accelerator pathways, and talent-recruitment outcomes for sponsoring organizations.
Product overview
Ultrahack is a world-leading open innovation services company that operates a unified portfolio of hackathon-based innovation programs. The core offering consists of three integrated service pillars: (1) Innovation Hackathons — 48-hour onsite or virtual events with curated challenge tracks; (2) Custom Industry Challenges — sector-specific design for health, fintech, climate, mobility, and defence; and (3) Innovation Programs & Accelerators — structured pipelines from scouting through to pilots with measurable outcomes. These services are delivered through an end-to-end model that includes pre-event preparation, the main hackathon experience, and post-event innovation incubation and acceleration. A fourth offering, Talent & Recruitment Events, targets corporate talent acquisition through practical collaboration. The company does not offer a software product with modules; instead, it provides service-based programs connecting individual talents, startups, corporates, and public organizations to co-create future innovations.
Differentiator
Problem solved
Functional benefit
Products and services
- Innovation Hackathons
- Custom Industry Challenges
- Innovation Programs and Accelerators
- Talent and Recruitment Events
Quantifiable outcome
- Over 1 Million Euros worth of prizes, pilot projects, and grants earned by Ultrahack teams through programs
- +1 more outcomes
Companies that use Ultrahack
Customer profileSegments3 records
Ideal customer profiles2 records
Ultrahack technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Ultrahack partnerships and signals
Strategic signalPartnerships
89 partnerships are on record, tiered core and minor.
- Hanken School of EconomicscoreAcademic partner for Quantum x Finance Hackathon. Hanken hosts kick-off events at their Helsinki campus and provides academic expertise in sustainable finance. Ultrahack connects finance students and professionals with quantum computing and AI challenges.
- OP PohjolacoreMajor Finnish financial institution partner for Quantum x Finance Hackathon, providing industry challenges in sustainable finance and AI-driven finance.
- PwCcoreGlobal professional services firm partnering on Quantum x Finance Hackathon, bringing expertise in ESG, finance, and regulatory compliance.
- IBMcoreTechnology partner providing access to IBM quantum computing platforms and AI tools for hackathon participants across multiple events.
- IQMcoreFinnish quantum computing company providing technology access and expertise for quantum-focused hackathons.
- NokiacorePartner for drone innovation and 5G hackathons. Nokia provides its Network as Code platform and hosts events at Nokia Arena in Tampere and Nokia Headquarters in Espoo with live 5G networks for testing.
- ElisacoreFinnish telecom company partnering on drone innovation hackathons, providing 5G infrastructure and connectivity expertise.
- PatriacoreFinnish defense and aerospace company partnering on drone innovation and counter-drone challenges for defense applications.
- Digital DefenceminorFinnish defense technology company providing expertise for counter-drone and defense-related hackathon challenges.
- 17 TechcoreAccelerator program partner offering funding opportunities of 20,000-40,000 EUR and drone expert development mentoring including access to live testing in Ukraine for winning teams.
- VTT Technical Research Centre of FinlandcoreFinnish research institution partnering across multiple hackathons, providing technical expertise and research resources.
- Business TamperecoreRegional economic development organization promoting drone innovation ecosystem in the Tampere region.
- Finnish Defence ForcescoreNational defense organization participating in drone innovation hackathons, providing real-world requirements and potential deployment opportunities for winning solutions.
- TeliacoreNordic telecom company partnering on Network API hackathons, providing Sirius 5G innovation platform and network infrastructure for developers.
- Copernicus Marine ServicecoreEU ocean observation program providing marine data and resources for the Copernicus Marine Service Hackathon focused on ocean sustainability.
- European Commission (EDITO)coreEU Digital Twin of the Ocean initiative providing the EDITO Focus Applications platform for hackathon participants to build digital ocean services.
- KPMGcoreProfessional services firm providing expertise for sustainable finance hackathons with focus on ESG and quantum computing applications.
- CSCcoreFinnish IT Center for Science providing high-performance computing resources and LUMI supercomputer access for quantum and AI hackathons.
- Laurea University of Applied SciencescoreFinnish university hosting CASSINI Space for Healthcare Hackathon, offering course credits for participant students.
- ESA (European Space Agency)coreEuropean Space Agency supporting CASSINI hackathons with satellite data (Copernicus, EGNOS, Galileo) and ESA Phi-Lab expertise.
- COcybercoreEU cybersecurity project organizing AI Cybersecurity Deephack for dual-use defense technologies. COcyber coordinates participant outreach and follow-ups.
- EIT DigitalcoreEuropean Institute of Innovation and Technology supporting Precision Farming Hackathon through the Agri-Digital Growth project for digital skills in agriculture.
- WEkEOcoreEuropean Commission DIAS service providing Earth observation data platform and computing resources for climate change hackathons.
- EUMETSATcoreEuropean satellite agency implementing WEkEO DIAS service for weather and climate data access.
- ECMWFcoreEuropean Centre for Medium-Range Weather Forecasts implementing WEkEO platform for climate and environmental data.
- Mercator Ocean InternationalcoreEuropean ocean monitoring organization implementing WEkEO platform for marine data access.
- City of HelsinkicoreCapital city partnering on MetaversEnergy and other smart city hackathons to address urban energy optimization challenges.
- City of PoricoreFinnish city hosting MetaversEnergy Hackathon focused on smart city energy optimization.
- Robocoast EDIHminorFinnish Digital Innovation Hub providing expertise for smart city and energy hackathons.
- FAIR (Finnish AI Region)minorFinnish AI excellence hub providing resources for energy optimization hackathons.
- MicrosoftcoreTechnology partner for Sote-tekoälyhackathon (Social and Healthcare AI Hackathon), providing AI tools and ecosystem support. Microsoft supports STM-initiated AI ecosystem building across six Finnish cities.
- Urban Tech HelsinkicoreHelsinki urban technology initiative organizing challenges on circular economy and construction innovation.
- Metropolia University of Applied SciencescoreFinnish university providing academic support and student participation for urban tech and smart city hackathons.
- Mimmit koodaacoreFinnish women-in-tech community with thousands of members, co-organizing hackathons to promote female participation in software development.
- SupercellminorFinnish gaming company supporting hackathons with tech industry expertise and mentorship.
- GoforeminorFinnish IT consultancy providing industry expertise and mentoring for hackathons.
- Aalto Startup CentercoreAalto University startup support organization providing resources and mentorship for hackathon participants.
- Software FinlandminorFinnish software industry association promoting hackathons to its member companies.
- City of TamperecoreFinnish city organizing AI solutions hackathons for Smart Cities, Sustainable Industries, and Digital Health ecosystems. Offers 5,000 EUR prize and pre-startup program for winning teams.
- Platform 6coreTampere startup house providing workspace and resources for hackathon participants and pre-startup programs.
- SitracoreFinnish Innovation Fund supporting Beyond Dead Wood Hackathon focused on forest biodiversity and AI solutions.
- Location Innovation HubminorFinnish geospatial innovation hub providing location-based data expertise for biodiversity hackathons.
- EIT DigitalcoreEuropean Institute of Innovation and Technology organizing Smart Industry Deephack on AI-enabled cameras and IoT for manufacturing and logistics optimization.
- GABA NetworkminorTransatlantic AI network supporting the 2023 hackathon for industry digital transformation.
- IntelcoreTechnology partner providing hardware and AI capabilities for smart industry hackathons.
- National Land Survey of FinlandcoreFinnish government agency providing geospatial data and location-based information for smart city hackathons.
- FinEst Centre for Smart CitiescoreCross-border smart city innovation center connecting Finnish and Estonian expertise for location intelligence challenges.
- EsricoreGIS software provider offering geographic information systems tools for smart city and location intelligence hackathons.
- SkanskacoreConstruction company providing SmartLab challenge for Digital Twins Hackathon on smart living and circular economy.
- ABBcoreTechnology company co-sponsoring SmartLab challenge on smart building and automation solutions.
- Forum Virium HelsinkicoreHelsinki smart city development organization providing urban data and platform for digital twins hackathons.
- KIRA HubminorFinnish real estate and construction innovation network supporting digital twin challenges.
- MicrosoftcoreTechnology partner providing low-coding tools and platforms for Inclusive Cities Hackathon focused on UN SDG 11 (sustainable cities).
- Tampere UniversitycoreFinnish university hosting Inclusive Cities Hackathon at Nokia Arena with student participation and academic expertise.
- Helmet (Helsinki Metropolitan Area Libraries)minorHelsinki library network providing challenge on digital inclusion and literacy for inclusive cities hackathon.
- Heureka Science CenterminorFinnish science center providing challenge on technology education for sustainable everyday life.
- TAYS Central HospitalminorFinnish hospital providing challenge on patient navigation and accessibility for inclusive cities hackathon.
- goLOCAL UkrainecoreOrganization supporting modular housing hackathon for Ukraine reconstruction, addressing displacement and infrastructure needs.
- Urban MillminorFinnish urban innovation hub supporting modular housing hackathon for Ukraine reconstruction.
- HuaweicoreTechnology partner for European University Challenge 2023, organizing optical network expansion competition across Europe.
- ValmetminorFinnish industrial machinery company participating in Game On recruitment hackathon.
- TreonminorFinnish IoT company participating in tech recruitment hackathon Game On.
- Colossal OrderminorFinnish game developer participating in Game On recruitment hackathon.
- DEFINE FinlandcoreFinnish defense innovation hub organizing DEFINE Hackathon events focused on dual-use technologies for civil and defense applications.
- SakocoreFinnish rifle manufacturer powering DEFINE Hackathon 2025, focusing on advanced targeting systems integrating AI and machine vision.
- HAMK (Häme University of Applied Sciences)minorFinnish university providing academic support and student participation for defense technology hackathons.
- MillogcoreFinnish defense and technology company powering earlier DEFINE Hackathon events on dual-use civilian and defense technologies.
- LUMI AI FactorycoreEuropean supercomputer providing high-performance computing resources for AI and quantum computing hackathons, particularly for quantum finance challenges.
- AccenturecoreGlobal professional services firm partnering on quantum and AI hackathons, providing industry expertise and consulting capabilities.
- RIE (Research Institute for Engineering)minorResearch institute providing expertise for quantum technology hackathons.
- InnoaviaminorFinnish drone and aviation innovation company supporting drone innovation hackathons.
- Crown DefenceminorFinnish defense company providing counter-drone technology expertise for hackathons.
- FPV FinlandminorFinnish FPV drone community providing expertise for drone innovation challenges.
- ESA BIC FinlandminorEuropean Space Agency Business Incubation Finland supporting space-related hackathons.
- VivictaminorCompany providing expertise for quantum and sustainable finance hackathons.
- City of EspoocoreFinnish city partnering on urban mobility, smart city, and women-in-tech hackathons.
- Tampere UniversitycoreFinnish university providing academic support across multiple hackathons including smart cities, drone innovation, and inclusive design.
- NordeacoreNordic financial institution partnering on fintech and drone innovation hackathons.
- City of VantaacoreFinnish city hosting CASSINI Space for Healthcare Hackathon at Laurea campus.
- NuanicminorFinnish company supporting drone innovation hackathons.
- JämsäminorFinnish municipality supporting drone innovation ecosystem development.
- NMC CellfoamminorFinnish company participating in smart industry and digital health hackathons.
- FastemsminorFinnish manufacturing company supporting smart industry hackathons.
- BionavisminorFinnish biotech company participating in digital health hackathons.
- Lakka HealthminorFinnish health technology company participating in digital health hackathons.
- ThermidasminorFinnish company participating in smart industry hackathons.
- EfimaminorFinnish software company providing challenges for inclusive cities hackathon.
- GLI ExpressminorFinnish logistics company participating in smart city hackathons.
- Urban MillminorHelsinki-based innovation hub supporting modular housing and urban tech hackathons.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Ultrahack competitors and assessment
Company assessmentDirect peers
- Slush: Helsinki-based technology and innovation conference and community that hosts flagship founder/investor events. Directly comparable as a Finnish-rooted open-innovation platform serving startups, corporates, and investors, with overlapping sponsor base and ecosystem.
- Beta-i: Lisbon-based innovation hub that runs hackathons, accelerators, and corporate innovation programs (e.g., Web Summit). Comparable as a European non-Silicon-Valley operator of multi-vertical innovation services for corporates and public organizations.
- Seedstars: Geneva-headquartered company running global startup competitions, accelerators, and corporate innovation programs in emerging markets. Comparable in event-led open innovation, multi-region footprint, and corporate sponsorship model.
- Garage48: Tallinn-based hackathon and rapid prototyping organizer active across the Nordics, Baltics, and Africa. Comparable in event-based open innovation format, target developer community, and corporate/public sector challenge sponsorship model.
- Numa: Paris-based innovation platform operating accelerators, hackathons, and corporate innovation programs. Comparable as a European multi-vertical innovation services operator working with corporates and public-sector partners.
- Junction: Helsinki-originated hackathon platform organizing large-scale multi-day developer events worldwide. Closest direct peer in format (hackathons), target audience (developers and corporate sponsors), and geography.
- Startup Sauna: Aalto University-affiliated accelerator and founder community in Helsinki. Comparable as a Finnish-rooted operator of pre-seed/seed startup programs with corporate and university partners, serving overlapping talent and partner networks.
Broad incumbents
- Techstars: Global accelerator operator with hundreds of programs and a sizable corporate innovation arm. Comparable as a broad incumbent in startup acceleration and corporate open innovation, though at vastly larger scale and with deeper capital base.
- Mass Challenge: Global zero-equity accelerator and innovation platform with industry-vertical programs (fintech, healthtech, defense, etc.). Comparable in connecting startups, corporates, and government partners, though much larger and more internationally distributed.
Others
- EIT Digital: European knowledge and innovation community (a KIC of EIT) that runs accelerator programs, hackathons, and digital skills initiatives with EU funding. Comparable as a partner and ecosystem actor in EU-funded deep tech and digital hackathons, though structured as a public-funded community rather than a private company.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Ultrahack social profiles
Digital presenceUltrahack financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ultrahack leadership team
Management profileNumber of profiles
Profiles1 record
Ultrahack funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ultrahack M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ultrahack
What does Ultrahack do?
Ultrahack is a global open innovation services company that organizes 48-hour hackathon events and innovation programs. The company connects individual talents, startups, corporates, and public organizations to co-create solutions to defined challenges across multiple industries. Its deliverables include curated challenge tracks, end-to-end event delivery, accelerator pathways, and talent-recruitment outcomes for sponsoring organizations.
Is Ultrahack a public or private company?
Ultrahack is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Ultrahack founded?
Ultrahack was founded in 2015. It employs 11 to 50 people.
Where is Ultrahack based?
Ultrahack is headquartered in Helsinki, Finland, in the Europe region.
How does Ultrahack make money?
Three revenue lines are on record. Corporate Innovation Services are the primary driver. The others are innovation Programs & Accelerators and talent & Recruitment Events.
Who are Ultrahack's main competitors?
Direct peers on record are Slush, Beta-i, Seedstars, Garage48, Numa, Junction and Startup Sauna. Broad incumbents are Techstars and Mass Challenge. EIT Digital is listed as an others.
Does Ultrahack have an API?
No public API is recorded for Ultrahack.