Team and Concepts
Encyclopedia
Team and Concepts is a Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...

-based company founded by David K. F. Lee and others in 2003. It is known as the provider of the Web 2.0
Web 2.0
The term Web 2.0 is associated with web applications that facilitate participatory information sharing, interoperability, user-centered design, and collaboration on the World Wide Web...

 online spreadsheet
Spreadsheet
A spreadsheet is a computer application that simulates a paper accounting worksheet. It displays multiple cells usually in a two-dimensional matrix or grid consisting of rows and columns. Each cell contains alphanumeric text, numeric values or formulas...

, EditGrid
EditGrid
EditGrid is a Web 2.0 spreadsheet service. It offers both a free-of-charge service to personal users and a subscription service to organisations and is available on a number of partner sites and channels....

.

TnC was founded in 2003 in the height of SARS by a group of young entrepreneurs still in their university studies. It started as an information service provider for event organisers; its first product, PEM, was an award-winning web
World Wide Web
The World Wide Web is a system of interlinked hypertext documents accessed via the Internet...

-based event scheduling software. In early 2006, upon securing the Hong Kong Government's funding from the Innovation and Technology Fund, it moved into the Web 2.0
Web 2.0
The term Web 2.0 is associated with web applications that facilitate participatory information sharing, interoperability, user-centered design, and collaboration on the World Wide Web...

 business and launched EditGrid
EditGrid
EditGrid is a Web 2.0 spreadsheet service. It offers both a free-of-charge service to personal users and a subscription service to organisations and is available on a number of partner sites and channels....

 to public in April 2006. One of TnC's Founders was nominated by BusinessWeek
BusinessWeek
Bloomberg Businessweek, commonly and formerly known as BusinessWeek, is a weekly business magazine published by Bloomberg L.P. It is currently headquartered in New York City.- History :...

 as one of the 20 Asia's Best Entrepreneurs under 25 in August 2006.

In June 2007, EditGrid announced a $1.25 million series A investment
Venture capital
Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...

from the WI Harper Group.
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