Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a diversified health and wellbeing company, focused on improving people’s lives through timely innovations. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of “sense and simplicity”. Headquartered in the Netherlands,
Philips Research is one of the world’s largest corporate research organizations and has a rich history of producing successful innovations in the areas of healthcare, lifestyle and lighting. Powered by the intellect and hard work of more than 1,600 talented individuals, Philips Research fuels value creation and growth in Philips by creating new technologies that will improve people’s lives. Philips Research has research facilities in Germany, The Netherlands, the United Kingdom, India, USA and China.
Participation in EIT ICT Labs will enable Philips’ to fully utilize its position as a nexus of scientific research, business development and university education, in which open innovation is an established mode of operation, to further the goals of the EIT ICT labs. The close proximity of an ECI ICT labs co-location centre will enable Philips to plug in its capabilities to this important European drive to make the EU world leader in ICT.
The interconnection with other strong European regions will help drive this aim forward and the many existing cooperative links between Philips and SMEs will help translate breakthroughs to business viability in this vital sector.
