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Hello readers,
Anyone who creates for a living – whether it’s paintings, pottery, or psoftware (the “p” is, um, silent) – eventually gets the itch to do something different. That could mean doing the same thing in a different style or moving to a whole new form of creative endeavor altogether. Whatever it is, running in place won’t fly.
It’s no different in engineering, apparently, if Singaporean firm Hope Technik is anything to go by. The company (and its various business arms) has kept itself busy this year, helping the government fight Covid-19 by developing an accurate contactless temperature assessment system, converting buses into vehicles capable of carrying patients in large quantities, and developing an automated disinfection system for the facilities management industry. Running in place, they definitely have been not.
Today we look at:
- How Hope Technik keeps growing its portfolio of innovations
- More funding that’s coming soon to Vietnamese startups
- Other newsy highlights such as Tesla’s plans to build a new factory in China and an extension for ByteDance’s efforts to sell TikTok in the US
PREMIUM SUMMARY
Deep (and wide) tech
Hope Technik simply can’t keep still: Its products are diverse, ranging from robots to sensors to vehicles, and the company is getting ready to launch its 11th and 12th business units next year. Even more could be on the way with its approach towards custom work.
- Building the shelf: A number of its business units spring from Hope’s T2 (“T squared”) engineering division, which is responsible for producing anything that’s not yet available off the shelf.
- Financially viable: Hope’s primary business units have been profitable throughout the company’s history. The firm ended the years 2016 to 2018 with declining revenue and net losses, but CEO Peter Ho explains that these were due to investments made into internal projects or new units.
- Mindful investment: The company looks beyond the money when it comes to receiving external funding, as it’s more about establishing the right linkages and right partnerships.
Read more: The Elon Musk of Singapore looks to engineer the next deep-tech unicorn
STARTUP SPOTLIGHT
Vietnamese startups are about to come into even more money
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