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Overthehand Selected for TIPS Program by MSME; Virtual Platform 'Mascoz' R&D
- Writing language: Korean
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Summarized by durumis AI
- Overthehand plans to focus on developing virtual YouTuber solution technology with the 500 million won in R&D funding for two years through the Ministry of SMEs and Startups TIPS program, aiming to secure core technology for virtual YouTuber solutions and enhance device versatility through the acquisition of L2E and M2S technology.
- Overthehand plans to accelerate its technology development and global market entry for 'Mascoz' through its selection for the TIPS program and its Series A investment in May.
- Overthehand is opening new horizons in the virtual YouTuber industry through 'Mascoz,' developing diverse content and technologies, and plans to dominate the virtual YouTuber market by expanding to mobile and other devices, leading to market expansion and rapid user acquisition.
- Selected for the TIPS program, receiving 500 million KRW in R&D funding
- Securing VTuber solution technology and expanding device versatility
- Series A investment secured, accelerating global market entry
Source - Overthehand
Over the Hand (CEO Lee Gyu-seung), the operator of the virtual YouTuber (VTuber) total platform 'Mascoz', has been selected for the TIPS (Tech Incubator Program for Startups) research and development project of the Ministry of SMEs and Startups. The TIPS program is a private investment-led technology-based startup support program that focuses on cultivating promising startups with world-leading technological capabilities. Through this selection, Over the Hand will receive 500 million KRW in R&D funding for the next two years.
Over the Hand is opening a new horizon in the VTuber industry through 'Mascoz', and is developing various content and technologies based on it. Through this TIPS program, Over the Hand plans to focus on the development of Mascoz Avatar Core, or MAC, and secure L2E (Landmark2Expression) and M2S (Motion2Sequence) technologies to secure the core technology of the VTuber solution and enhance device versatility. L2E is a model that infers expression based on landmark input from video, and M2S is a model that infers the next motion based on motion input.
Over the Hand plans to preempt the VTuber market by securing scalability to mobile and other devices based on this technology, expanding the market and rapidly attracting users. CEO Lee Gyu-seung said, "This selection for the TIPS program is a recognition of Over the Hand's technological capabilities and potential," adding, "We will continue to develop our technology to present a virtual platform that is competitive in the global market."
Over the Hand is currently expanding the ecosystem of the VTuber industry through various collaborations and partnerships in addition to technology development for 'Mascoz'. It also plans to provide various functions and services that can maximize user experience, along with the discovery of new business models.
Meanwhile, Over the Hand secured 3 billion KRW in Series A investment in May 2024, with Korea Investment Partners and L&S Venture Capital participating. Through the Series A investment and the selection for the TIPS program, Over the Hand plans to further accelerate the enhancement of 'Mascoz's technological capabilities and entry into the global market.
