Innovation and Emerging Businesses

 
Philips Design

Philips Design is one of the leading design forces in the world today, with a creative force of 550 professionals in 11 studios around the world. By providing design solutions that harness technology to improve the quality of people's lives, it creates value for customers both inside and outside Philips.

 

The organizations grouped under Corporate Technologies have a strong history in contributing to the innovation at Philips and the development of new markets. These entities support Philips’ operating sectors in turning innovations into advanced products, creating company-wide technology synergies through its shared labs and competencies.

Corporate Technologies

By adopting an Open Innovation strategy and through relationships with institutes, academia and industrial partners, Corporate Technologies leverage the joint innovative power of our partners to bring more innovations to the market faster and more effectively.

 

Corporate Technologies includes Corporate Research, Philips’ incubators, Intellectual Property and Standards, and Philips Innovation Services.

Philips Research

Founded in 1914, Philips Research is one of the world’s major private research organizations that creates breakthrough innovations in seven laboratories over three continents: Europe, North America and East Asia.

 

The High Tech Campus in Eindhoven, The Netherlands, is the heart of Philips’ Research activities, allowing Open Innovation and drawing scientific expertise from a wide range of disciplines, from all over the world. New concepts and future technologies are being tested in the early stages of development in the ExperienceLabs for user acceptance in order to introduce new solutions that meet needs of the markets and end-users.

 

Philips Research delivers: 1) roadmap innovations to support the existing businesses in the field of Healthcare, Lighting and Consumer Lifestyle, 2) innovations adjacent to existing businesses, 3) break away innovations to address new markets in line with the strategic direction of Philips.

Innovation Services

Philips Innovation Services helps to accelerate the pace of innovation by offering a range of advanced innovation services, expertise and high-tech facilities across the whole innovation process.

 

+ Innovation Services website 

Intellectual Property & Standards (IP&S)

Philips IP&S pursues the creation of new Intellectual Property (IP) in strategic areas and supports the competitive development of the Philips IP portfolio, which by now consists of more than 55,000 patent rights, 33,000 trademarks, 49,000 design rights and 2,600 domain name registrations.

 

IP&S facilitates the market adoption of new innovations, by participating in the creation of new standards in the areas of healthcare, lighting and optical storage. IP&S also participates actively in the formulation of formal standards and product regulations (e.g. safety) to maintain favorable conditions for market access for Philips products.

 

IP&S closely co-operates with all Philips businesses, research and development organizations and has extensive contacts with IP agents, IP offices and other governmental bodies in the various countries of the world.

Incubator – Creating new businesses through 'Corporate Venturing'

The Philips Healthcare Incubator is creating breakthrough businesses for Philips Healthcare by initiating and running business ventures that effectively combine the power of a multinational with the agility of a start-up company. The starting point of the Healthcare Incubator’s strategy is to be market driven, firmly basing its solutions on the unmet needs of patients, care providers, payers and ensuring that they contribute to the sustainability of healthcare systems.

 

The incubator provides an entrepreneurial environment to breakthrough ventures to allow them to go through all the necessary stages and to build new capabilities. The Incubator also scouts for possible new ventures internally and externally. It also creates an excellent opportunity to establish strategic partnerships with reputable companies in relevant markets and, when desired, attract funding from venture capitalists.

 

More information on latest incubator businesses:

 

Digital Pathology 

Handheld Diagnostics

Strategy and Objectives

Corporate Technologies focuses on:
- Developing advanced technologies and applications to create meaningful innovations
- Generating patents to protect these innovations, particularly in key areas of growth
- Incubating new businesses as a driver of sustainable growth
- Improving innovation effectiveness by stimulating end-user focus and cross functional collaboration with marketing and supply management
- Establishing closer links to the business sectors by reinforcing the account management function. This will ensure sharing of user insights, roadmap continuity and awareness of business options.