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Timenow Boosts Innovation With R$ 5 Million in Startups
Timenow, recognized in the Brazilian consulting engineering market, announces an investment plan of R$ 5 million in startups, aiming to enhance its portfolio with a focus on management, engineering, and consulting. Expected to be completed by the end of 2024, this investment aims to integrate new technologies and innovative solutions under the Timenow Ventures Program.
Innovation and Growth Strategy
The Timenow Ventures Program, a Corporate Venture Capital (CVC) initiative by the company, was created in 2020 and has already made investments exceeding R$ 10 million in various startups. Walter Maia, director of Investments and Partnerships at Timenow, emphasizes the importance of the program as a milestone in the company’s innovation journey. The new additions to the portfolio aim to incorporate advanced technologies and specific knowledge in areas such as computer vision, Generative AI, Big Data, and Machine Learning, strengthening the company’s ability to generate value in the market.
Currently, Timenow collaborates with six startups, with an Internal Rate of Return (IRR) exceeding 25%, reflecting a significant positive impact for both clients and the company itself, with productivity and cost savings exceeding R$ 4 million.
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Innovations in Contract Management
In the area of contract management, a critical aspect of project management, Timenow has partnered with a startup that has transformed the process into digital operations. Using a proprietary system, this solution offers a systemic and comprehensive approach, ensuring data security and controlled access, impacting over 1,000 projects and 3,300 users throughout Brazil.
Advances in Workplace Safety
Another significant innovation comes in the form of a technology for vital signs analysis, developed by one of the invested startups. This solution uses proprietary algorithms to monitor the health of employees in real time, improving workplace safety through devices such as smart wristbands and programmable alerts.
The Expansion of Timenow’s Portfolio
In addition to solutions for contract management and workplace safety, Timenow also invests in technologies for construction management and industrial maintenance. One of the startups offers customized solutions for the management of robot maintenance and the industrial park, providing accurate diagnostics and supporting deployment strategies for companies in the experimental phase.
Complementing its portfolio, Timenow presents solutions that increase efficiency, safety, and profitability in industrial operations, with emphasis on predictive analyses that detect failures without the need for additional sensors.
Antonio Toledo, CEO of Timenow, highlights the importance of meticulous evaluation by the company’s Investment Committee, ensuring that each new addition aligns with the long-term vision and innovation values of the company.
About Timenow
With over 27 years of experience, Timenow is one of the leaders in the Brazilian consulting engineering market. Headquartered in Vitória (ES) and with a team of over 1,800 professionals, the company operates in diverse sectors, offering solutions in project management, engineering, consulting, and digital solutions. Its values of commitment, originality, integrity, and valuing people are the foundation of its purpose to be result-driven and increasingly relevant in the global and digital scenario.
Source: Tamer Comunicação.
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