Hackr Bootcamps are 1-2 day workshops offered to colleges that teach the latest industry technologies to bridge the gap between academics and job readiness. They benefit students by teaching cutting edge skills and providing internship and job opportunities. Colleges benefit by expanding their reach to companies and helping students get placements. The bootcamp process involves industry experts mentoring students through unique learning methods and hands-on projects with code reviews, aiming to provide an industry-ready skillset. Past bootcamps have been held at colleges like GLA University and have led to successful student placements at companies like Analytics Vidhya and Squareboat Solutions.