YAP JOINS CITYPRENEURS AS A PROJECT SPONSOR
Updated: Nov 28, 2018
The #ProjectSponsorship is an opportunity for Citypreneurs start-ups to team up for a project with YAP, a Korean location-based coupon app operator that offers short-range network technology, dubbed the #hybridbeacon, in its online-to-offline (O2O) commerce platform.
In #Seoul City alone, YAP has successfully installed more than 100,000 such beacons, creating a tech infrastructure on which other businesses can operate. With about 70 patents secured over its location-based #network #technologies, this technology takes advantage of ultrasound frequencies and can operate even when users turn off their location tracking and Wi-Fi network on their smartphones.
Since its establishment in 2013, #YAP has attracted over 84 billion won ($72.6 million) in investments and has over 4 million users. The firm has since expanded into other Asian territories, including Vietnam, China and Hong Kong.
Applications to the competition open on June 1 and last until August 29. Your business model should ideally take into consideration the interlinked nature of the UN SDGs. For more information, check out our website.
Feel free to get in touch with us via social media (Facebook, Twitter, Linkedin, Instagram, Youtube), we’re glad to assist you with any questions or enquiries you may have. We look forward to your application!