Fashion tech startup Padit, which is developing and operating an AX integrated design solution based on fashion apparel CAD drawing creation and fabric placement optimization, announced that it has been selected for the Ministry of SMEs and Startups' technology startup support program TIPS.
TIPS is a public-private partnership technology startup support program hosted by the Ministry of SMEs and Startups. Private investors identify and invest in startups with exceptional technological capabilities, and the government provides funding in return for R&D support. Selected companies can receive up to 500 million won in R&D funding and 200 million won in commercialization and marketing support over the next two years.
Padit was selected for this program through the recommendation of CNT Tech, a TIPS operator and startup investment accelerator, and will receive up to 700 million won in research and development and commercialization funding over the next two years.
Padit develops and operates an integrated fashion apparel AX design solution, encompassing everything from sketch-based design input to garment CAD drawing generation and automated work instructions. By converting designers' initial sketch data into CAD drawings and work instructions that can be used immediately during the production phase, the company focuses on reducing repetitive tasks and communication costs associated with the apparel production process.
Meanwhile, Padit has received venture business and social venture certifications and has been selected as a smart factory supplier pool under the Ministry of SMEs and Startups' smart factory policy, qualifying it to officially supply solutions to garment factories and fashion brands. Furthermore, its technological prowess and growth potential continue to be recognized, with selection for the 2025 Youth Entrepreneurship Academy and investment attraction.
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