Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek

Trending

Filed under: News | Technology News

 

Hardware Startups? New Accelerator Establishes In Fog City From China

Jan 29 2014, 11:45pm CST | by

1 Updates
Hardware Startups? New Accelerator Establishes In Fog City From China
 
 

YouTube Videos Comments

Full Story

Hardware Startups? New Accelerator Establishes In Fog City From China

Despite its name that stands for Pacific Coast Highway, PCH International is not all that well known in the Bay Area. That could be about to change as this China-centric company opens a new base in San Francisco’s trendy design district to assist startups go from product concept to production and delivery.

The visionary behind PCH, Liam Casey, was in the Bay Area this week from Shenzhen to launch an accelerator to work with hardware startups on getting their products commercially ready. Several entrepreneurs with projects that have grown out of the incubator and are still in stealth mode were on display. They ranged from a New York-based startup that designs jewelry to connect to smartphones and notify users of calls with a subtle light to a San Jose-based young business that has designed an electronics solution for more efficient solar setups.

What’s different about this accelerator from so many others in San Francisco’s bustling tech scene is that the concentration is on hardware startups. That may sound boring compared with mobile gaming, but hardware takes in such nifty areas as the Internet of things, 3D printing, smartphone-connected gadgets and wearable devices for monitoring sleep, weight and exercise.

Hardware startups have a tough time ramping up for a couple of reasons. They aren’t the focus of venture capitalists who regard them as riskier investments than software businesses.  Less than 8 percent of investments are in hardware compared with nearly 40 percent for software, according to the National Venture Capital Association. Secondly, they face challenges in getting into retail stores or e-commerce channels.

Here’s where Casey’s magic works. With PCH, which he started in 1996, all the various chain links for building a hardware startup are connected, from incubators and accelerators to financing partners to supply chain management to be seen by consumers in retail outlets.

Casey’s own story is pretty remarkable. A native of Ireland, Casey set up the company in Cork and then spent years living out of a hotel in Shenzhen to ramp up PCH’s operations in China (which I toured last year) and branch out to Singapore, Tokyo, Sydney and Seoul. The business now has 5,000 employees and is approaching $1 billion in revenues. It’s described as the partner behind-the-scenes for many successful launches of consumer electronics accessories, including one very high profile name brand that I saw being packaged in the Shenzhen facility.

Along the way, Casey also went the traditional route of raising money from venture capitals in three rounds amounting to nearly $80 million. His investors include Jim Boettcher of Focus Ventures, an early backer of the highly popular Flip camera that was sold to Cisco for $590 million in 2009. Norwest Venture, Lightspeed Venture, Cross Creek, Fung Capital, Northbrooks Investments and Triangle Peak Partners are also investors in PCH.

Those connections came in handy at the opening of the company’s spiffy new headquarters in a former warehouse loft. Startup stakeholders mingled about and met with entrepreneurs. I got a sneak preview of the upstairs operation, where machines are crafting and churning out product parts.

Watch this space for more about Silicon Dragon at PCH in San Francisco.

Source: Forbes

 

iPad Air Giveaway. Win a free iPad Air.

You Might Also Like

Updates


Sponsored Update


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/31" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

 

Comments

blog comments powered by Disqus

Latest stories

New Video Shows Orlando Bloom Punch the Bieber over Miranda Kerr
New Video Shows Orlando Bloom Punch the Bieber over Miranda Kerr
A new video gives a clear view of the punch Orlando Bloom landed on Justin Bieber. Was it over Miranda Kerr?
 
 
Dollarbird App Review
Dollarbird App Review
Dollarbird is a cutting-edge finance tracking application that has received quite an applause by the numerous users. It is a far-reaching and dynamic tool for handling your finances and it assists you in placing your money in places that matter. It enables you to effortlessly have a trajectory and make a thorough prognosis about your finances.
 
 
Light Flow App Review
Light Flow App Review
The Light flow app is particularly useful for those users who find it difficult to manage and/or respond to their notifications. Light flow ideally allows you to take full control of the notifications on your Smartphone. The app allows you to set different sound patterns on mobile vibration in order to alert you for your notifications.
 
 
VSCO Cam App Review
VSCO Cam App Review
The VSCO cam is a highly productive and useful app. It is regarded as one of the smartest and easy to use photo editing apps. It gives its user the optimal way of shooting, editing, adjusting, and then sharing their enhanced photographs with their friends and family. The customers rate this app quite high and it ideally stands among the top 5 photo editing apps in the market today.
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.