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Corporate Technologies feeds the innovation pipeline, enabling its business partners – principally the three Philips operating
sectors – to create new business options through new technologies, venturing and intellectual property development, to improve
time-to-market efficiency and to increase innovation effectiveness via focused research and development activities. Corporate
Technologies encompasses Philips Corporate Research, the Philips Incubators, Philips Intellectual Property & Standards (IP&S),
the Philips Innovation Campus as well as Philips Applied Technologies. In total, Corporate Technologies employs about 4,100
professionals around the globe.
Corporate Technologies actively participates in ‘open innovation’ through relationships with academic and industrial partners,
as well as via European and regional projects, in order to improve innovation efficiency and share the related financial exposure.
The High Tech Campus in Eindhoven, the Philips Innovation Campus in Bangalore India, Research Shanghai China and InnoHub are
prime examples of eco-systems enabling open innovation.
Philips Research is a key innovation partner for Philips' business sectors. It has three main roles. Firstly, it creates new
technologies that help to spur the growth of the Philips businesses. Secondly, it develops unique IP, which will enable longer-term
business and creates standardization opportunities for Philips. Lastly, it sets up ventures that can grow into new adjacent
businesses for the sectors.
In 2008, Research started to develop a novel ultrasound-based drug delivery technology that could potentially increase the
effectiveness of chemotherapy treatment and reduce its side effects. Research is also working on, among other things, improved
water purification technology for home use. It is compact, powerful and cost-effective, bringing clean, safe drinking water
within everyone’s reach.
Philips has established three corporate venturing organizations: the Healthcare, Lifestyle and Lighting & Cleantech Incubators.
The main purpose of venturing is to create strategic growth opportunities for Philips. In some cases spin-out or technology
licensing will be considered. In 2008, Philips, together with Prime Technology Ventures (PTV III), arranged for the spin-out
of five technology companies from the Incubators: amBX, Civolution, Intrinsic-ID, priv-ID and Serious Toys.
Philips IP&S proactively pursues the creation of new intellectual property. Its portfolio currently consists of about 55,000
patent rights, 33,000 trademarks, 49,000 design rights and 2,600 domain name registrations. Philips filed approximately 1,640
patents in 2008. Over the past five years Philips has reshaped its intellectual property portfolio in line with its new strategic
focus on health and well-being. Philips believes its business as a whole is not materially dependent on any particular patent
or license, or any particular group of patents and licenses.
Philips Applied Technologies supports customers both inside and outside Philips through new technologies, new business ideas,
consultancy and new product introduction services. In 2008, it announced the commercial roll-out of the Ambient Experience
for Hospitality concept, with the first implementation by the citizenM hotel chain, in Amsterdam – which went on to win the
European Hotel Design Award as the most innovative hotel of 2008.
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