<h1>University hackathon with 5,200+ students and 1,300 teams offers incubation, $6M prize access-review IP, equity, and contract terms</h1> A university-hosted 24-hour MVP hackathon drew over 5,200 student participants from 15 states and 1,300 team registrations, with 100 teams shortlisted and ten finalists; top three teams earned direct entry to a follow-on university-led start-up challenge granting access to a $6 million prize pool and incubation support. Organizers committed four months of incubation, mentorship from industry figures, and demo-day entry. Prize access and incubation create potential contractual, intellectual property and equity considerations for participating teams (ownership, licensing, funding terms and confidentiality) that entrants should review before accepting awards or incubation offers.