Twentyfourpointseven Selected as Final TIPS Participant for Commercial Real Estate Management Solution
Twentyfourpointseven announced on the 27th that it has been selected as a final participant in TIPS, the technology startup support program run by the Ministry of SMEs and Startups.
This selection recognizes the technological capabilities and market potential of Buddie, the commercial real estate asset management solution currently being developed by Twentyfourpointseven. Last year, the company launched its office operation agency service for businesses, called Chongmu Note, and subsequently released Buddie, a SaaS solution for integrated management of corporate real estate, facilities, and contract information.
The TIPS program is a private-sector-led initiative to discover and nurture promising startup teams with globally competitive technologies. With its final selection as a company eligible for maximum research and development funding, Twentyfourpointseven plans to accelerate the development of its digital twin-based asset management solution.
Specifically, the company aims to advance three core technologies: digital twin construction technology that automatically recognizes 2D architectural drawings and converts them into 3D; space utilization analysis and layout recommendation technology based on CCTV and reservation logs; and asset auto-detection technology that automatically registers office assets using images. Ultimately, the goal is to automate the entire operation process of commercial buildings and to complete an integrated, organic platform that can be used jointly by small and medium-sized building owners and tenants.
Lee Sunwook, CEO of Twentyfourpointseven, stated, "With this selection for TIPS, we plan to complete a solution that enables easy and transparent management of corporate tangible assets and lay the foundation for global expansion."
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Meanwhile, Twentyfourpointseven participated in the Next Elevation and CNT Tech accelerating programs and was selected for the TIPS program. The company is currently conducting multiple proof-of-concept (PoC) projects, including a partnership with the largest shared office company in Korea. This year, it also plans to enter the Vietnamese market by targeting the local smart building sector.
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