YAP JOINS CITYPRENEURS AS A PROJECT SPONSOR
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.
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