As a global leader in health technology, Philips, or Royal Philips, has opened a collaboration programme for 19 start-ups to join the Philips incubator program.
The initiative is a global collaboration working across the Philips innovation hubs across the world with the focus on improving AI in healthcare.
The global collaboration program includes intelligent treatment for radiology, oncology and ultrasound. It also covers AI clinical decisions support tools such as image interpretation, analysis and workflow tools.
Out of 750 applicants, 19 of the most promising start-ups were selected for the incubator program.
How it works
The fast-track program takes place over 12 weeks. During this time Philips will engage with all of the early stage start-ups, which come from 14 different countries.
While AI has already proven its ability to improve patient outcomes and the efficiency of care, it is important not to lose sight of the patient-centred approach.
Accelerating breakthrough innovation
With the collaboration programs, Philips aims to speed up breakthrough innovation within the health industry. They are doing this through supporting internal venturing and external start-up engagement.