We’re excited to bring you this month’s edition, packed with actionable tips, inspiring stories, and the latest updates from the world of smart workforce management. Whether you’re seeking fresh ideas, expert insights, or a spark to drive your growth, you’ll find something valuable inside. Let’s explore what’s new and make this month impactful together!
Unleashing Potential,
Transforming
Futures
Achievements and notable onboarding clients this month
1000+
Clients all over Bangladesh
- Our Services-
- Biometric Solutions
- Industry 4.0 solutions
- Embedded System Solution
- Machine Learning & Video Analytics
- Consultency on IoT and System Security
- Electronic Manufacturing
- Customized HR Solutions
- Customized App Development
Milestones achieved in October
- Inovace Technologies joined Accelerating Asia for its first international investment, highlighting global confidence and setting the stage for further growth and innovation.
- Brain Station 23 upgraded to Tipsoi Fastface 5 for faster, contactless attendance.
- IEB implemented Tipsoi Fastface 5 Lite with real-time cloud sync and offline backup.
- SMEs are adopting facial recognition for secure, efficient workforce management.
Project story
May 2025
ACCELERATING ASIA
Inovace Technologies Ltd. | Tipsoi Joins Prestigious Accelerating Asia Program, Secures Foreign Investment
In a landmark achievement for Bangladesh’s burgeoning tech sector, Inovace Technologies Ltd. (Tipsoi) has been selected for Cohort 11 of Accelerating Asia, one of Asia’s most prominent and influential startup accelerator programs. This selection marks Inovace’s first international investment, underscoring global confidence in its innovative approach to workforce management.
Founded in 2017 by six graduates from Bangladesh University of Engineering and Technology (BUET), Inovace Technologies Ltd. has rapidly emerged as a leading force in the Internet of Things (IoT) space.
Its flagship product, Tipsoi, is an IoT-powered biometric workforce management solution that integrates biometric attendance devices with a robust analytics platform.
Tipsoi empowers organizations to manage employee attendance, shifts, and leave in real-time, streamlining workforce operations for over 1,200 clients nationwide including industry leaders such as BRAC, Brac Bank PLC, and Radiant Pharmaceuticals.
Accelerating Asia will lead Inovace’s pre-seed round, with the company currently raising USD 800,000 to fuel further operational growth and international expansion.
“As a bootstrapped company, we’ve grown steadily, generating revenue, identifying our ideal customer profiles, validating product-market fit, and building strong on-ground execution capabilities. Now, we’re at a point where we’re ready to scale faster. To do that, we’re seeking foreign investment that will allow us to leverage our expertise and expand both locally and internationally. Being part of Accelerating Asia is a perfect match for this vision, and we’re looking forward to making the most of this opportunity in the exciting days ahead,” said Munirul Alam, CEO of Inovace Technologies Ltd.
Asif Aminur Rashid, Managing Director, echoed the excitement, with both leaders confirming the news via their personal and company social media platforms. Accelerating Asia has also officially announced the investment through its Facebook and LinkedIn channels.
With this new milestone, Inovace Technologies Ltd. is poised to amplify its impact in workforce management and further strengthen Bangladesh’s presence in the regional tech startup landscape.
About Inovace Technologies Ltd. (Tipsoi):
Founded in 2017, Inovace Technologies Ltd. is a Bangladesh-based IoT company specializing in biometric workforce management solutions. Its flagship product, Tipsoi, serves over 1,200 organizations nationwide, helping businesses streamline attendance, shift, and leave management with real-time analytics.
About Accelerating Asia:
Accelerating Asia is a leading Singapore-based early-stage venture capital fund and accelerator focused on pre-Series A startups across Southeast and South Asia. The program provides capital, expert mentorship, and global networking opportunities to help high-potential founders scale rapidly.
BRAIN STATION 23
Brain Station Upgrades to Contactless Attendance with Tipsoi Fastface 5
Brain Station 23, a leading AI-ready software service company in Bangladesh, has been empowering startups, SMEs, and enterprises for years with fast, scalable tech solutions across Fintech, Pharma, Retail, and more. With a team growing in size and sophistication, the company realized it was time to upgrade one of its most foundational systems: employee attendance.
Inovace’s fingerprint-based biometric system has been used by Brain Station 23 for six years to manage attendance. The fingerprint method is effective but has its limitations when it comes to hygiene and recognition speed compared to the face-recognized system. In contrast to contactless systems, fingerprint recognition may be slower during peak times and may be affected by the environment.
That leap came in the form of Tipsoi Fastface 5, a next-generation face recognition attendance device by Inovace.
Why Brain Station 23 Chose Tipsoi Fastface 5
Faster Recognition Speed – With sub-1-second face recognition, employees can check in quickly and smoothly, even during rush periods.
AI-Powered Dynamic Recognition – The device identifies faces in motion, reducing the need for employees to pause and pose.
Massive Capacity – Supports up to 50,000 face templates, ideal for rapidly scaling teams.
Touchless Hygiene – Face recognition eliminates the need for physical contact, aligning with global health and workplace hygiene standards.
Future-Proof Tech – This upgrade reflects Brain Station 23’s forward-thinking approach to workplace automation and employee experience.
“Over the past six years, we have been using Inovace’s biometric attendance products. Taking a step forward in our digital transformation, we upgraded to Tipsoi Fastface 5 in order to address the limitations of fingerprint recognition. A fully contactless system that supports a more hygienic workplace and faster check-ins are some of the benefits we are already seeing.” — HR Team, Brain Station 23.
By adopting Tipsoi Fastface 5, Brain Station 23 is streamlining attendance tracking and demonstrating its commitment to innovation and operational excellence in the Bangladeshi tech industry.
Stay tuned to Tipsoi to see how forward-thinking organizations are redefining attendance and workforce management with intelligent, AI-powered solutions.
IEB
IEB Secures Reliable Attendance with Tipsoi Fastface 5 Lite and Real-Time Cloud Sync
It is well recognized that the Institution of Engineers, Bangladesh (IEB) is one of the most respected professional associations in Bangladesh. Among IEB’s more than 60,000 members, engineering standards in Bangladesh are developed and continuously improved. The IEB also had to modernize its internal systems, starting with employee attendance, in order to meet the growing demands of its operations.
To address reliability issues and real-time tracking needs, IEB decided to upgrade its attendance system by deploying Tipsoi Fastface 5 Lite, a high-performance face recognition device.
What made Fastface 5 Lite the right fit for IEB?
Resilient Offline Functionality with Smart Sync – Even during network disruptions, attendance data is securely stored and automatically synced to the cloud once the connection is restored.
Dynamic Facial Recognition – Employees can check in without needing to stop and pose; the device identifies them in motion.
Ultra-Fast Matching Speed – Designed for fast-paced environments, reducing queue times during peak hours.
Real-Time Dashboard Monitoring – IEB also adopted Tipsoi’s cloud control panel to view attendance logs instantly and ensure transparency.
Since implementing the solution, IEB has enjoyed:
Stronger Data Backup – There will be no data loss as a result of temporary connectivity issues.
Better Operational Oversight – Employee attendance can be tracked in real time by managers, which improves accountability and workflow for employees
Stay connected with Tipsoi for more updates on how smart technology is transforming leading institutions across Bangladesh.
Top 8 Benefits of Using Facial Recognition Technology for SME
Facial recognition is no longer just for big enterprises. Here’s how small and medium-sized businesses are using it to simplify operations and boost efficiency.
Running a small or medium-sized business comes with daily challenges, from managing attendance to ensuring workplace safety. More and more SMEs are now adopting facial recognition technology as a smart, contactless way to streamline check-ins, reduce time theft, and improve daily operations. Here are eight reasons why this trend is gaining momentum.
1. Employees Can Check-In Securely and Without Physical Contact
With facial recognition, employees can check in without touching any devices, which reduces hygiene risks and ensures only authorized individuals have access.
2. Check-In and Access Control Processes Become Much Faster and More Efficient
Face-based systems improve flow at entry points and reduce bottlenecks during peak hours by processing check-ins within seconds.
3. Time Theft and Buddy Punching Are Effectively Prevented
It is impossible to clock in for someone else because every face is unique. This helps reduce the number of false entries and maintain the integrity of attendance.
4. Operational Costs Are Reduced Over Time
Long-term savings can be achieved by eliminating manual tracking, improving maintenance, and eliminating the need to repair physical cards and fingerprints.
5. Facial Recognition Works Reliably Even in Harsh Working Environments
SME’s operating in factories, kitchens, or outdoor sites can use facial recognition, despite hands being wet, dusty, or occupied.
6. Workplace Security Is Significantly Enhanced
Your premises are secure because the system logs entry times precisely and blocksunauthorized access.
7. Managers Gain Access to Real-Time Attendance Monitoring and Insights
The web dashboard allows managers to track attendance instantly, helping them to makedaily decisions, plan shifts, and ensure accountability.
8. Adopting Facial Recognition Technology Builds a Modern and Professional Brand Image
When you adopt smart tech like facial recognition, you show your team and customers that you’re forward-looking, efficient, and innovative.
Today, facial recognition isn’t just a luxury. It’s becoming a practical solution to everyday business challenges. For SMEs looking to modernize without breaking the bank, it provides a scalable and efficient upgrade. Your business can benefit from this technology as it becomes more accessible.