SpaceBank, an intelligent digital transformation (AIDX) company, has been selected as a company for the Public Procurement Service’s “2026 Innovative Premier 1000” program. Its AI-powered, non-contact life-safety monitoring technology has once again been recognized in the public procurement market.
The company will receive customized support, including policy financing and links to public procurement, for about one year and six months until Dec. 31, 2027. Innovative Premier 1000 is a system jointly operated by the Financial Services Commission, policy finance institutions, and the Public Procurement Service to select and support small and mid-sized companies with innovation and growth potential.
SpaceBank’s life-safety monitoring solution uses AI and a mmWave radar-based non-contact sensor. It is a way of reading a space without cameras.
It does not record video. It also does not store personal information. Instead, the radar detects breathing, heart rate, and minute movements. If someone falls or shows signs of abnormality, an alert is issued immediately.
The key to the technology is that it does not use cameras. Public restrooms, hospital rooms, private rooms in nursing facilities, and residential spaces are places where privacy is sensitive. In locations where CCTV is difficult to install, radar serves as an alternative. It is a way of watching without filming.
Its use in the field is expanding as well. The company’s Human Care solution has been deployed at Uiwang Municipal Nursing Home and Incheon Second Municipal Geriatric Hospital. It is also being used for safety monitoring at a gene resource storage facility, where it monitors blind spots in real time.
Last year, the company laid the foundation for public-sector adoption by being designated as an Innovative Product by the Public Procurement Service.
The reason the technology is drawing public attention lies in demographic change. Korea has entered a super-aged society. The number of older adults is rising, while the number of people available to care for them is insufficient.
According to projections by the Korea Institute for Health and Social Affairs, the shortage of care workers will deepen over time. The diagnosis is that while the supply of labor has passed its peak and is declining, care demand continues to rise.
Technology is filling the gap. Monitoring equipment is taking over the time and spaces that people cannot always watch. As the Act on Integrated Support for Medical and Care Services, which combines medical care, nursing, and home caregiving, took effect last year, demand for the technologies that support it is also growing.
As the shortage of care workers worsens with the transition to a super-aged society, the importance of care technologies that support the safety and daily lives of older adults is increasing.
The benefits for selected companies are broad. They include preferential interest rates and guarantees for policy financing, priority purchase and trial purchase by public institutions, linkage with third-party unit contracts and private contracts, as well as private investment and expansion into overseas markets.
The Public Procurement Service targets companies designated as Innovative Products. It serves as a channel through which products that have completed demonstration can be purchased first by public institutions. In other words, public procurement becomes the first gateway for new technologies to establish themselves in the market.
SpaceBank is also working to build a safety-care ecosystem. It participated as a founding company in the Korea Safety Care Association, which was launched with AI-based safety-care technologies. It also operates a physical AI demonstration lab with Sungkyunkwan University.
Lee Won-hee, CEO of SpaceBank, said, “Being selected for Innovative Premier 1000 is the result of official recognition of the innovation and growth potential of the AI- and data-based digital transformation technologies SpaceBank has built up. Going forward, we will continue to expand AI-based innovative services not only in public safety and smart care, but also across various industries, and grow into an AIDX specialist company with global competitiveness.”