The fact that Tooltip is an innovative platform for tool search and procurement is confirmed not only by our customers, but also by Lübeck's Ministry of Digitalisation. The inefficient processes of ordering specialised tools are now a thing of the past. Artificial intelligence is getting down to business and will fundamentally change the metalworking industry. This would only be possible under the supervision of the experienced engineers who make up the Tooltip team. Such ideas were gladly supported by the state. Digitalisation Minister Dirk Schrödter visited us in Lübeck on 6 July 2023 and presented us with a funding notification in the amount of 168,000 euros.
Dr. Dmytro Borysenko, CEO of TOOLTIP, accepts the funding with great gratitude and expresses his sincere thanks for the trust placed in him. The grant money will be invested in the development of an AI-based technology for tool search, which will also facilitate the search for suitable cutting tools based on a 3D model of the target component. Such a software solution can be used in many sectors of Industry 4.0 and significantly shorten the procurement routine.