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Philips Group Innovation feeds the innovation pipeline, enabling its business partners – the three Philips operating sectors and external companies – to create new business options. By adopting an Open Innovation strategy and harnessing its relationships with institutes, academia and industrial partners, Philips Group Innovation leverages its company-wide synergies in technology, IP, research, design, shared competencies and laboratories to bring innovations to the market faster and more effectively. Innovation is at the heart and soul of Philips – it is vital to the strategy of the entire Philips organization as well as the individual businesses, and it is the key aspect of how Philips has won in the past, is winning today, and will win in the future.

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