Philips Applied Technologies and VTT Technical Research Centre of Finland will launch InnoHub for breakthrough innovations in healthcare, life-style and well-being.
Philips Applied Technologies and VTT Technical Research Centre of Finland will
launch InnoHub for breakthrough innovations in healthcare, life-style and
Royal Philips Electronics and VTT opened today an InnoHub in the city of
Espoo, close to Helsinki to generate innovative ideas and translate these into
profitable businesses. Focus areas for the InnoHub are health, life-style and
well-being. The centre is a melting pot of people from different backgrounds
and experiences, who work closely together in an inspiring and real-life
setting that includes a hospital room, a nurse’s station as well as a home
The InnoHub is a one-stop shop for the entire innovation process, from
generating ideas, to concept development, prototyping and testing of products
and services. The real-life setting enables testing of products between
various locations and stakeholders. Both multinational companies and SMEs can
engage with InnoHub’s experts and support services. All Nordic and Baltic
companies are able to tap into Philips’ and VTT’s innovation experience for
entire innovation projects as well as additional specialist support in certain
phases of a project that has already started.
The InnoHub is situated in the Active Life Village (a non-profit company
catalyzing innovations). This enables easy access to experts in other
innovation organizations in the same building as well to the whole region,
supporting strongly an open innovation environment concept.
The innovation process steps will be executed in short-cycles. The insights of
the various specialists operating in the different stages of the innovation
process will be continuously fed back to the parties involved. InnoHub is
focused on tangible deliverables that can be tested on their performance. By
doing so, every specialist will be challenged to show the added value of his
or her contribution, to confront others with their own constraints, and to
cope with the limitations of others. This kind of result-oriented approach
also leads to respect for each others’ disciplines in a learning organization.
InnoHub has already attracted interest and attention. Current discussions
concern projects on interconnectivity of products and services and a number of
SMEs have shown their interest in conducting part of their innovation work in
Companies can benefit from the InnoHub by becoming members and paying a yearly
contribution to obtain services or by commissioning ad-hoc projects.
User-centric development and end-user validation testing prior to product
release will help the companies to reduce the time to market, development
costs and field call rates.
In the first InnoHub project student teams compete in creating applications
from Intellectual Property owned by VTT. Five parallel student teams from the
Helsinki University of Technology TKK and University of Art and Design
Helsinki will be competing in creating prototypes. The teams are led by Prof.
Lauri Repokari from the Helsinki University of Technology.
The first Philips InnoHub was founded in Singapore in 2004. Philips Applied
Technologies decided to establish its second InnoHub in the Helsinki region as
it recognized as one of the world’s innovation hotspots offering various
business and research activities in the fields of well-being and healthcare.
These are important focus areas for Philips as well as for the Finnish
“We have selected VTT as a preferred partner because of its extended network
in the Nordic and Baltic countries, and its reputation as a respected R&D
partner”, says Senior Innovation Consultant Rob Kommeren from Philips Applied
Philips Applied Technologies and VTT have an equal role in the cooperation.
Royal Philips Electronics (NYSE: PHG, AEX: PHI)
Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a diversified Health
and Well-being company, focused on improving people’s lives through timely
innovations. As a world leader in healthcare, lifestyle and lighting, Philips
integrates technologies and design into people-centric solutions, based on
fundamental customer insights and the brand promise of “sense and simplicity”.
Headquartered in the Netherlands, Philips employs approximately 128,000
employees in more than 60 countries worldwide. With sales of EUR 27 billion in
2007, the company is a market leader in cardiac care, acute care and home
healthcare, energy efficient lighting solutions and new lighting applications,
as well as lifestyle products for personal well-being and pleasure with strong
leadership positions in flat TV, male shaving and grooming, portable
entertainment and oral healthcare. News from Philips is located at www.philips.com/newscenter.
As part of Royal Philips Electronics, Philips Applied Technologies is a
contract R&D organization that supports the development of products,
applications and technical solutions. Its customers are market leaders, fast
growing companies and start-ups. For every phase of the innovation process, it
offers integral solutions, consultancy and specialist services. With over 1000
in-house experts, it can draw on a wide range of competences. For further
information, visit www.apptech.philips.com
VTT Technical Research Centre of Finland is an impartial expert
organisation. Its objective is to develop new technologies and create new
innovations and added value, thus increasing customers' competitiveness. With
its know-how, VTT produces research, development, testing and information
services for public sector and companies as well as international
organisations. For more information, visit www.vtt.fi
This release may contain certain forward-looking statements with respect to
the financial condition, results of operations and business of Philips and
certain of the plans and objectives of Philips with respect to these items. By
their nature, forward-looking statements involve risk and uncertainty because
they relate to events and depend on circumstances that will occur in the
future and there are many factors that could cause actual results and
developments to differ materially from those expressed or implied by these