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Timenow drives innovation with R$5 million in Startups
A timenow, recognized in the Brazilian consultative engineering market, announces an investment plan of R$5 million in startups, aiming to improve its portfolio with a focus on management, engineering and consultancy. Scheduled to be completed by the end of 2024, this investment aims to integrate new technologies and innovative solutions within the scope of the Timenow Ventures Program.
Innovation and growth strategy
The Timenow Ventures Program, the company's Corporate Venture Capital (CVC) initiative, was created in 2020 and already has investments exceeding R$10 million in several startups. Walter Maia, director of Investments and Participations at Timenow, highlights the importance of the program as a milestone in the company's innovation trajectory. 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, reinforcing the company's ability to generate value in the market.
Currently, Timenow collaborates with six startups, whose Internal Rate of Return (IRR) exceeds 25%, reflecting a significant positive impact for both customers and the company itself, with gains in productivity and savings that exceed R$4 million.
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Innovations in contract management
In terms of contract management, a critical area in project management, Timenow has partnered with a startup that 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 more than 1 thousand works and 3,3 thousand users throughout Brazil.
Advances in workplace safety
Another significant innovation comes in the form of a technology for analyzing vital signs, developed by one of the invested startups. This solution uses proprietary algorithms to monitor employee health in real time, improving workplace safety through devices such as smart bracelets 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 personalized solutions for managing robot maintenance and the industrial park, providing accurate diagnostics and supporting implementation 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 analyzes 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 is aligned with the company's long-term vision and innovation values.
About Timenow
With more than 27 years of experience, Timenow is one of the leaders in the Brazilian consultative engineering market. Headquartered in Vitória (ES) and with a team of more than 1.800 professionals, the company operates in diverse sectors, offering solutions in project management, engineering, consultancy and digital solutions. Its values of commitment, originality, integrity and valuing people are the basis of its purpose of being driven by results and becoming increasingly relevant in the global and digital scenario.
Source: Tamer Comunicação.
