nihub — IoT Innovation Summit was successfully completed at the Linping International Talent Hub in Hangzhou yesterday.

Lucas Rondez (President of SwissCham Shanghai and CEO of nihub), July Lee (Strategy Director of Tuya Smart(NYSE: TUYA)), Zhao Qi (Investment Manager of Yinjiang Capital) attended the summit and served as the jury for the summit.

In the wave of digitalization, the IoT and Smart City are still going strong. The latest research indicate that the global smart city market is expected to grow at a rapid rate of 23% per year and Asia-Pacific is a main shareholder, which is not surprising considering that 7 of the 10 most populated cities in the world are in Asia.

Thus, nihub organized the IoT Innovation Summit, gathering professionals in the industry to discuss not only about the business growth opportunities but also the challenges and risks.

July from TUYA explained their brand building strategy for various customer groups such as hotels, real estate, new energy vehicles, and so on.

Jonas Mikael Valkonen, the founder and CEO of Vamio, brought an exciting speech on smart elderly and the opportunities and challenges of starting a business in the smart city sector.

6 projects from around the world – Shademe, Ecolumiere, VividSparks, MicroSec, BreatheIO, and MyElixa – gathered together this time. After considering various factors such as innovation, market potential, and team members, among others, the jury ultimately selected the TOP3 projects, they are:

1st: ShadeMe

ShadeMe aims to provide intelligent shading solutions for commercial and residential buildings with glass facades and to save energy for cooling, heating, and lighting.

Rewards:80,000 RMB

2nd: MicroSec

The market leader in the lightweight IoT security field has developed the world’s first unified protocol to protect highly restricted devices and networks that cannot be protected by today’s security methods.

Rewards:30,000 RMB

3rd: VividSparks

VividSparks is a high-speed computing technology company that specializes in fabless semiconductors. The company wants to create a least power consuming, less silicon area consuming computing world, at the same time deliver top class performance.

Rewards:20,000 RMB

Congratulations to these projects for winning in the summit!

We’re so delightful to have all of you coming to the IoT Innovation Summit and sharing various ideas. nihub will continue to focus on the IoT smart city track, providing services for quality projects from all over the world, and building bridges for technologies and business between China and the rest of the world.