Twenty three year old technology expert Chao Liu, from Coventry, gave up his job with an investment bank, in January 2007 to progress his ‘laptop alarm’ LapLock, an innovative idea he came up with whilst studying at Warwick University.
Since working on the business full-time, Chao has been offered £100,000 by an American company who wanted the rights to distribute the alarm, but he has turned them down. Instead, he is now in negotiations with IT distribution companies in the UK to get the device into smaller technology outlets. Also, two insurance companies are considering offering a 10 per cent discount on laptop insurance if the user owns a LapLock; this would widen the market for the product and make it a more desirable purchase.
