Philips Taps into Silicon Valley’s Hottest Tech Start-Ups; Accelerates Innovation & Research in Connected Lighting for the ...
July 23 2015 - 9:00AM
Business Wire
Philips collaborates with Plug and Play accelerator in heart of
Silicon Valley to partner with top IoT innovators
Royal Philips (NYSE: PHG, AEX: PHIA), the global leader in
lighting, aims to collaborate with the world’s top technology
start-ups, pushing the boundaries of connected lighting for the
Internet of Things (IoT). The company has teamed up with Silicon
Valley’s Plug and Play Tech Center, one of the world’s largest
accelerators, to mentor and partner with some of the newest, most
exciting IoT innovators.
Plug and Play introduces start-ups to corporations and investors
to accelerate their commercial development. It will work with
Philips to filter hundreds of IoT-orientated start-ups that match
Philips’ most relevant technology needs. Of particular interest are
innovators in sensor data, analytics and connected lighting for
buildings and smart cities.
“Silicon Valley is pulsing with many promising Internet of
Things start-ups. Our partnership with Plug and Play represents our
most recent commitment to Open Innovation, a highly collaborative
‘outside-in’ approach that helps us gain new insights,” said Olivia
Qiu, Chief Innovation Officer at Philips Lighting. “As an anchor
partner, Philips will steer the technology focus toward connected
lighting and base experts on-site in Sunnyvale, California, where
they will identify and nurture talent, building our capabilities in
this rapidly growing market.”
The connectivity of LED lighting to IP networks, sensors and
software control systems is transforming the lighting industry.
Lighting is at the heart of the Internet of Things due to
connectivity and its presence everywhere, in homes, cities and
professional environments.
Connected lighting enhances energy savings because it can be
controlled to provide the right light, in the right place at the
right time. Furthermore, data generated by (and aggregated from)
embedded sensors can help deliver new business outcomes, such
as:
- Data from occupancy sensors providing
new insights into building utilization to help businesses optimize
their real estate expenses.
- Supermarket lighting fixtures
transmitting their location to smartphones so that shoppers can use
an app to navigate to items in a store and access location-based
offers.
About Plug & Play
Plug and Play Tech Center is a global investor and technology
accelerator that specializes in growing tech startups.
Headquartered in Sunnyvale California, Plug and Play’s network
includes over 300 tech startups, 180 investors, and a community of
leading Universities and corporate partners.
http://plugandplayaccelerator.com/iot
About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a diversified health and
well-being company, focused on improving people's lives through
meaningful innovation in the areas of Healthcare, Consumer
Lifestyle and Lighting. Headquartered in the Netherlands, Philips
posted 2014 sales of EUR 21.4 billion and employs approximately
108,000 employees with sales and services in more than 100
countries. The company is a leader in cardiac care, acute care and
home healthcare, energy efficient lighting solutions and new
lighting applications, as well as male shaving and grooming and
oral healthcare. News from Philips is located at
www.philips.com/newscenter.
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Philips LightingTalley Summerlin,
212-805-8065talley.summerlin@emanatepr.com
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