Smart solution for parking wins in hackathon competitionSociety
Ulaanbaatar /MONTSAME/ The ‘Youth participation in the development of the city’ hackathon organized jointly by the Youth Development Department of the capital city, Start-up Terminal LLC and National Start-up Fund LLC was successfully held between November 27 and December 9.
A total of 24 teams competed in the hackathon, five of which were selected to get advice from the mentors and guest panelists.
The contestants spent 48 hours in the incubator of Start-up Terminal LLC before the winners selection. Each team consisting of 3-5 members developed a business plan to solve the pressing issue and introduced their projects.
The ‘IOT smart solution for parking’ project by ‘Smart Zel’ team took first place, winning a prize of MNT 3 million. Projects ‘UB Menu’ and ‘Beetle’ took the second and third place respectively. Start-up Terminal LLC will provide the winners with a co-working space worth of MNT 21 million. The National Startup Fund LLC will invest up to MNT 50 million in the winning project.