MSEL Duo Earns First Place at GEM Hackathon
Rhaaghav Kanodia MSEL’25 and Kamo Aghbalyan MSEL’25 took first place at Babson College’s third annual GEM Hackathon, hosted by the Butler Institute for Free Enterprise Through Entrepreneurship.
The hackathon challenged students to analyze seven years of Global Entrepreneurship Monitor (GEM) United States report data—over 15,800 observations—to uncover what shapes the American entrepreneur. Students explored everything from founder backgrounds and co-founder dynamics to market selection and reasons for business exit.
Kanodia and Aghbalyan earned $3,000 for their first-place effort. Judges praised their work for going beyond surface-level insights, applying machine learning and statistical rigor to reveal meaningful and sometimes surprising findings.
“This is an impressive analysis that effectively explores key entrepreneurial characteristics using GEM data,” the judges concluded. “They went beyond the surface to generate novel findings. I could see this leading to a research paper.”
In the hackathon, Vitor Ungari MBA’25 earned second place and $2,000, and Arman Ozsu ’25 and Connor Raney ’25 teamed up to take third place and $1,000.
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