IoT pioneer plugs into Hong Kong
Hong Kong has a competitive edge over other centres for technology innovation development, and the progress of Synap Technologies (Synap) underlines this. Developed under the Incu-Tech programme organised by Hong Kong Science and Technology Parks (HKSTP), Synap is a good example of the Hong Kong advantage, in terms of the city’s sizeable pool of talent, proximity to the assembly lines in Mainland China and its global vision. Established less than a year ago, Synap joined a programme organised by the Hong Kong Trade Development Council (HKTDC) and HKSTP to take part in the Mobile World Congress (MWC) 2019 in Barcelona, Spain. The company has also formed a partnership with a network hardware manufacturer, Cambridge Industries Group (CIG), to develop new-generation internet of things (IoT) solutions. The first batch, designed to explore the European market, is expected to be ready in late 2019.
Thomas Kwan, Founder and Chief Technical Officer of Synap, established the company in late 2018. Having emigrated to Canada when young, he studied computer science at university and returned to Hong Kong in 1994. He worked for the investment bank Goldman Sachs for six years before setting up a business venture of his own, focusing on the development of network security systems. Mr Kwan met fellow Hongkonger Frank Tsui (main picture right) three years ago, along with Andreas Gaarder from Sweden. They discussed developing smart-grid communication technologies and discovered their ideas matched seamlessly. Having heard that HKSTP offered a three-year Incu-Tech programme, they successfully applied for the scheme, which brought them rent-free office space, funding and support on marketing initiatives.