Amidst the budding and booming of the optoelectronics industries in Taiwan, HC Photonics Co., Ltd. was founded in 2000. It is an enterprise that performs integration, conducts researches on relevant technologies, and develops new laser and optoelectronics products. It differs from other Taiwanese optoelectronics companies, which have a business model based on contract-manufacturing and mass production, in that it pursues the optoelectronics R&D niche market, and boasts a client base covering Japan, Europe, and US. The management team that founded HC Photonics consists of a group of young Stanford PhDs originally from Taiwan. There were 3 essential personnel at the time the company was founded; Dr. M. H. Chou, whom we interviewed, was one of them. The company was initially located in Tsing-Hua University's Business Incubation Center, and was successfully “hatched” in 2001. It relocated to the Hsin-chu Science Park, and in 2002 received funding from the famous Japanese venture capital firm JAFCO, followed by the Enterprise Innovation Award from Taiwan's Ministry of Economic Affairs in 2003. In 2005, it was recognized by receiving top ranking as one of Asia's most forward-looking hi-tech companies from the Red Herring, the most circulated venture capital magazine in the US.
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