Three Labs (CEO Song Jeong-su), which operates Market Bang, a liquor ordering platform exclusively for businesses, announced that it has been selected as a TIPS (Trending Incentive Program) by the Ministry of SMEs and Startups.
TIPS is a program that fosters startups with superior technologies through collaboration between the private and public sectors. If a private operator makes an initial investment of at least 100 million won in a startup and is selected for TIPS, the Ministry of SMEs and Startups provides R&D funding.
ThreeLabs was selected for the TIPS program upon the recommendation of The Ventures (CEO Kim Chul-woo), the operator of TIPS, and will be eligible to receive up to 700 million won in support, including 500 million won for research and development and 200 million won for commercialization and overseas marketing over the next two years.
Market Bang, operated by ThreeLabs, is a business-specific service that connects liquor importers and liquor stores. It digitalizes transaction processes such as real-time inventory checks, order automation, and credit card payments, and leverages data to facilitate inter-store transactions. Through this support, ThreeLabs plans to develop a system that utilizes artificial intelligence (AI) to provide optimized liquor recommendations for each store.
Song Jeong-su, CEO of ThreeLabs, said, "The liquor distribution market is highly inefficient due to analog transactions. Through Market Bang, importers can automate their order processing process, and store owners can manage orders more easily. We will continue to do our best to innovate the entire process, from imports and exports to delivery, using technology and data."
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