It’s a wrap! Global AI start-up program finishes in style
Estimated readking time: 2-4 minutes
In Eindhoven, the Netherlands, Philips brought together the start-up community, healthcare professionals and its own employees for an event to conclude its 12-week global artificial intelligence start-up collaboration program. The dynamic event featured top clinicians from the US, Europe and Asia, leaders from Philips and of course the start-up founders themselves.
The 12-week program gave 19 artificial intelligence start-up companies – selected from an incredible 750 applicants – access to Philips’ health technology expertise and its ecosystem of knowledge partners. The program was the first to simultaneously host start-ups across the globe in the company’s innovations hubs in Cambridge (US), Bangalore (India), Shanghai (China) and Eindhoven.
During the program the start-ups had the opportunity to validate their propositions, building, testing and scaling their ideas, and exploring potential collaborations with Philips – the ultimate goal of the program. In addition to benefitting from Philips’ know-how and experience in the professional healthcare domain, the selected start-ups gained access to expertise in the company’s innovation ecosystem, which comprises hospital, academic, industry and financial partners.
With the 12-week program now complete, in many ways the collaboration between Philips and the start-ups is just beginning: over the coming weeks and months we will start implementing many of these collaboration opportunities to improve the delivery of healthcare together. Read more about how AI start-ups can overcome barriers to innovation in healthcare in this article from Alberto Prado, head of Philips HealthWorks.
AI-based solutions have great potential to improve patient outcomes and the efficiency of care delivery, and Philips is already is applying AI to support improved outcomes, reduced costs, and enhanced patient care and staff experience. At the recent 2018 Radiological Society of North America Annual Meeting (RSNA), Philips introduced IntelliSpace Discovery 3.0, a comprehensive, open platform to enable the development and deployment of Artificial Intelligence assets in radiology with the aim to support radiologists in their clinical and translational research. This was one of many AI-powered solutions that the company showcased at RSNA.
Philips’ HealthWorks start-up collaboration programs complement the company’s global research and development program, its acquisitions driven portfolio extensions and its venture capital activities.