DigitalOcean is sponsoring HackTech, a college-focused hackathon in California. The event allows students to work on projects and develop prototypes with teams, emphasizing the importance of developers and bottom-up adoption of technology. Participants will have a limited time to complete their projects, but even those who don't win prizes can still network with top talent and collaborate on innovative ideas. The goal is for participants to come together and use technology to transform concepts into reality.