{"id":7815,"date":"2010-03-28T13:30:11","date_gmt":"2010-03-28T04:30:11","guid":{"rendered":"http:\/\/asiajin.com\/blog\/?p=7815"},"modified":"2010-03-28T13:30:11","modified_gmt":"2010-03-28T04:30:11","slug":"gmo-co-launches-new-project-to-incubate-social-app-providers","status":"publish","type":"post","link":"https:\/\/asiajin.com\/blog\/2010\/03\/gmo-co-launches-new-project-to-incubate-social-app-providers\/","title":{"rendered":"GMO Co-Launches New Project To Incubate Social App Providers"},"content":{"rendered":"

\"\"<\/a>
\nGMO Internet<\/a>, Japan’s leading provider in ISP, web server hosting, domain registration etc., kicked off a new project in order to boost potential developers to create new social apps last weekend.
\nGMO Venture Partners (GMO-VP)[J]<\/a>, a GMO’s arm in their investment and incubation business, set up a project called “Apuri Yarouze!” (Let’s create social apps!)[J]<\/a> and started accepting entries of business plans on their website.\u00a0\u00a0 The plans are required to be intended for developing new social apps for Japan’s major social network platforms such as Mixi[J]<\/a>, Mobage-town[J]<\/a> and GREE[J]<\/a>.\u00a0\u00a0 GMO-VP will provide the total amount of approx. USD320 million worth capital to the potential developers whose business plans will have been passed the judgment by the committees consisting of Toshiyuki Inoko (CEO, TeamLab<\/a>), Ryo Shimizu (CEO, Ubiquitous Entertainment<\/a>), Mitsuru Sugaya[J]<\/a> (cartoonist), Tomoyasu Hirano (CEO, Digital Stage[J]<\/a>) and more.
\n\"\"<\/a>
\nThe project provides around USD30,000 – 300,000 as system integration cost to each of the potential developers in terms of financial assistance.\u00a0 GMO provides their server infrastructure to the developers for free.\u00a0\u00a0 After the app’s release, the developer can take 80% of the profit earned from the app, and the project takes the rest of it.
\nAt the kick-off conference, Mr. Yuji Akaba of Breakthrough Partners[J]<\/a>, who serves a judge of the committee and previously work with Silicon Valley-based VC Techfarm Ventures<\/a>, says, social app market is a good opportunity for system engineers who wish to exit from the contract-based software development.\u00a0\u00a0 He introduced Silicon Valley’s social app provider Zynga<\/a> who had become worth USD1billion in their market capitalization within 2.5 years since their launch. (see this my story<\/a> for more about Zynga.)
\nBusiness plan entries are due noon of March 31st, Wednesday.\u00a0\u00a0 The app development tasks are required to be completed in three months after the plan is passed, and the apps are opened to the public in six months.\u00a0\u00a0 Corporate applicants who have been fundraised by VC(s) in three years, and all applicants having any social app which is ranked in the Mixi App’s most popular top ten are not allowed to submit entries.<\/p>\n","protected":false},"excerpt":{"rendered":"

GMO Internet, Japan’s leading provider in ISP, web server hosting, domain registration etc., kicked off a new project in order to boost potential developers to create new social apps last weekend. GMO Venture Partners (GMO-VP)[J], a GMO’s arm in their investment and incubation business, set up a project called “Apuri Yarouze!” (Let’s create social apps!)[J]… Continue reading GMO Co-Launches New Project To Incubate Social App Providers<\/span><\/a><\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[9,17,24],"tags":[1383,1388,1441,2342,2370],"class_list":["post-7815","post","type-post","status-publish","format-standard","hentry","category-company","category-japan","category-news","tag-gmo","tag-gmo-vp","tag-gree","tag-mixi","tag-mobage-town","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/posts\/7815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/comments?post=7815"}],"version-history":[{"count":0,"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/posts\/7815\/revisions"}],"wp:attachment":[{"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/media?parent=7815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/categories?post=7815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/tags?post=7815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}