Transforming Your Ordinary Appliances Into Smart Devices with Philips Smart Wi-Fi Plug

Signify (Euronext: LIGHT), the world leader in lighting, has announced the launch of its Philips Smart Wi-Fi Plug that can help you upgrade your ordinary appliances into smart devices effortlessly. Simply plug in your appliance into the smart plug and control them remotely using the WiZ app on your smartphone or with voice control (Amazon Alexa/Google Home).

The Philips Smart Wi-Fi Plug is designed to seamlessly integrate into your smart home ecosystem and make your everyday life simpler and smarter. You can now control your devices from anywhere in the world, so even if you forget to switch off your air conditioner after leaving home, you can now check and switch it off remotely using the WiZ app.

It also lets you monitor the energy consumption of your devices and set schedules to turn them on and off at set times of the day. So now you can switch on your geyser without getting out of your bed in the morning and catch those extra minutes of sleep.

The Philips Smart Wi-Fi Plug enables you to upgrade your appliances to smart, without the extra cost and hassle of buying smart appliances. Now bring convenience, safety, and smart control into your home and experience the ease of scheduling, remote control, and energy savings in a stylish and reliable package.

Signify Expands Philips Smart Wi-Fi Ecosystem in India

Smart lighting for daily living: Signify expands Philips Smart Wi-Fi ecosystem in India

Wide range of smart lighting LED products for your entire home - Downlighters, T-Bulb, T-Beamer and Batten

Simple operation using app that connects to your home’s existing Wi-Fi network

Bengaluru, India – Signify (Euronext: LIGHT), the world leader in lighting, today announced the expansion of its Philips Smart Wi-Fi ecosystem in India. The portfolio now includes smart LED downlighter, T-Bulb, T-Beamer and Batten, in addition to the smart bulbs that were launched in 2019. You can now adjust your shade of white light, from a relaxing, warm white to an energizing, cool daylight, and enjoy pre-set modes to support your daily lighting needs.

The Philips Smart Wi-Fi products work on Wi-Fi and can be easily controlled using a mobile app or voice assistants such as Google Assistant and Amazon Alexa. They operate on the WiZ technology platform and you can get started simply by installing the easy-to-use WiZ app on your smartphone or tablet and connect it to your home’s Wi-Fi network – no wiring, smart hub or additional equipment required.

Philips Smart Wi-Fi Batten

Philips Smart Wi-Fi Downlighter

Philips Smart Wi-Fi Downlighter

These smart lighting products let you create the perfect mood for every moment. By choosing the right shade of white light to suit different parts of your day, you can support your body’s natural circadian rhythm and enhance your well-being. You can also automate your lighting, using its timer and scheduling functions.

All Philips Smart Wi-Fi products are equipped with EyeComfort technology that is designed to be easy on your eyes, thereby reducing eye strain. They also have a smart recovery feature, so that your smart lights don’t lose their lighting mode even after a power outage.

Philips Smart Wi-Fi T-Bulb

Philips Smart Wi-Fi T-Beamer

The following Philips Smart Wi-Fi products are available across both offline stores and online retail channels including www.amazon.in.

• Philips Smart WiFi T-Bulb – 10W (₹1,999) and 12W (₹ 2,249)
• Philips Smart WiFi T-Beamer – 20W (₹2,399)
• Philips Smart WiFi Batten – 24W/2600 lumens (₹2,499)
• Philips Smart WiFi Downlighter – 10W (₹ 2,099) and 15W (₹ 2,499)

About Signify

Signify (Euronext: LIGHT) is the world leader in lighting for professionals and consumers and lighting for the Internet of Things. Our Philips products, Interact connected lighting systems and data-enabled services, deliver business value and transform life in homes, buildings and public spaces. With 2020 sales of EUR 6.5 billion, we have approximately 39,000 employees and are present in over 70 countries. We unlock the extraordinary potential of light for brighter lives and a better world. We achieved carbon neutrality in 2020, have been in the Dow Jones Sustainability World Index since our IPO for four consecutive years and were named Industry Leader in 2017, 2018 and 2019. News from Signify is located at the Newsroom, Twitter, LinkedIn and Instagram. Information for investors can be found on the Investor Relations page.

Re-invent the audio entertainment experience with the new advanced Philips Audio range of products

• Announces new tower speakers SPA1140 and SPA1100 with 2.0 Channel Stereo
• Introduces TAE1205BK In-ear wireless headphones with 7 hours of playtime and IPX4 design
• Launches BT2003GY and TAS1505BK in the Bluetooth speaker category 

NEW DELHI, Dec. 29, 2020 /PRNewswire/ -- As everyone moves closer towards the new decade, TPV Technology today announced the launch of 5 new products across the Philips audio range to celebrate the year end festivities. The new range of products include tower speakers, Bluetooth speakers and in-ear wireless headphones that are now available at leading e-commerce platform, Amazon and Flipkart along with offline retail channels.

Commenting on the new launches Mr. Shailesh Prabhu, Country Head, TPV Technology India Pvt. Ltd. said, "With everybody continuing to stay at home, consumers are now looking for an all immersive cinematic home entertainment experience. Whether it is about watching their favourite movies, binging on their favourite shows, listening to their favourite songs or attending work calls and online classes, customers are now looking for an uninterrupted sound experience more than ever. To bridge this gap of providing an unparalleled experience, we are extremely excited to expand our audio range with products that are elegant yet durable and feature ground-breaking technology. We hope our products enhance the festive mood of all our consumers."

SPA1140 & SPA1100

The all new tower speakers SPA1140 and SPA1100 come with 140W and 100W output respectively. Consumers can now feel the thumping sound while watching a movie, listening to music or having a small get together. The speakers also support a mic where users can sing their favourite songs and celebrate the festive season in the comfort of their homes. Very elegant and durable, the tower speakers have a wooden cabinet for rich sound output with matt finish to go with the interiors of one's house. Available at INR 19,990 and INR 15,990, these speakers deliver every minute sound detail with high quality tweeters for superior high tones.

TAE1205BK

Another exciting launch includes the Philips in-ear headphones, TAE1205BK priced at INR 3,799 which come with splash and sweat resistant wireless technology that delivers great sound, a comfortable in-ear fit and up to 7 hours of playtime. These in-ear headphones are a perfect fit for fitness freaks and music lovers. A quick 15-minute charge keeps the music playing for another 1.5 hours.

TAS1505BK & BT2003GY

Other products that have been launched in the Bluetooth category are BT2003GY and TAS1505BK priced at INR 3,499 and INR 1,990 respectively. BT2003GY sports a compact design and USB Type-C charging, an ideal for the globetrotting fashionista in everyone. It also features a Micro SD card space for easy play back. TAS1505BK comes equipped with IPX7 waterproof technology, 8 hours of playtime with a punchy bass and vibrant sound, perfect for working professionals and college students to attend their work-calls and online classes.

These products will be available across leading ecommerce sites, Amazon and Flipkart along with offline retail channels. TPV's current retail presence is spread across 35000+ stores with more than 200 distributors. There are also plans to enhance the robust after sales network with a target of doubling the current service centres count. 

Product features:

Philips Tower Speakers SPA1140 and SPA1100

Speaker top inputs and control

Power, volume and track controls are located on the top panel of the master speaker unit of the system. In addition to this, the various connectors have also been placed here - for all convenient usage.

Exceptionally clear sound

Thanks to the sophisticated speaker technology and the wide sound range performance, one will enjoy exceptionally clear sound from the lowest to the highest tones.

Tweeters

Using a high-end tweeter on each speaker box dramatically improves the reproduction of high frequencies. Music comes to life and movies sound like they are meant to, as the full range of high frequencies is perfectly reproduced.

Philips True Wireless Headphones TAE1205BK

IPX4

With an IPX4 rating, these true wireless headphones are resistant to splashing from any direction. They won't mind a little sweat, and one doesn't need to worry about getting caught out in the rain.

Secure, flexible, comfortable

Flexible wing tips fit under the ridge of the ear, enabling a secure fit and better passive noise isolation. An oval acoustic tube and interchangeable earbud covers enable a comfortable in-ear fit. The flat headphone cable sits comfortably behind the neck whether the earbuds are in or out.

Magnetic earbuds

These headphones have magnetic earbuds that stick together, and a flat headphone cable that resists tangling. When pulled out of a bag or pocket, these headphones won't need to
be untied before one can tune into their playlist.

Inline remote

Take a call, pause a playlist. All without touching the smartphone. Smart Bluetooth pairing means these headphones remember the last devices they were paired with. 

Check out some other amazing Bluetooth headphones here: Best Bluetooth Earphones In India 2021

Philips Bluetooth Speakers

BT2003GY

Built-in microphone

This speaker also works as a speaker phone. When a call comes in, the music is put on pause and one can talk via the speaker. Call for a business meeting or call from a friend, either way it works great.

Built-in rechargeable battery

Play music out loud - anytime, anywhere. The built-in rechargeable battery lets the user enjoy their personal music without the fuss of entangled power cords and the inconvenient search for an electrical outlet.

TAS1505

Tough and IPX7 waterproof

This portable Bluetooth speaker is IPX7-rated-which means it can withstand total immersion in water up to 1 m deep for up to 30 minutes. One can party in the shower, by the pool, or even in the pool.The wireless range is 20 m.

8 hours play time

Sound stays clear even when the music is played loudly, and a passive radiator boosts the bass. The user gets 8 hours play time, and a full charge takes 2.5 hours. The Bluetooth connection is stable, and pairing is simple.

About TPV Technology

TPV is one of the world's leading monitor and LCD TV manufacturers, along with being a consumer electronics key player in the field of audio visual digital entertainment. TPV concentrates on developing, manufacturing and marketing Philips branded TV sets (Europe, Russia, Middle East, South America, China, India and selected countries in Asia-Pacific) and audio products (all around the globe) by means of an exclusive brand license agreement with Philips. We do this by combining the design expertise of TP Vision (100% owned by TPV) and innovative Philips brand heritage with the operational excellence, flexibility and speed of TPV Technology. With these combined strengths, we bring high-quality TV sets to the market: smart and easy to use with sophisticated styling. We believe in creating products that offer a superior audio and visual experience for consumers. With Philips TVs, TPV is a global leader in the hospitality market.

TPV has 11 production sites, 28 brand offices, 3 R&D centers and employs close to 32,000 people in several locations around the globe. We have been able to drive our growth over the years by leveraging our economies of scale and core competencies in R&D, manufacturing, logistic efficiency and quality. 

Cobots Maker Universal Robots Ties with Phillips Machine Tools India to Provide the Best CNC Machine Tool Automation Solutions to Indian Manufacturers

In an effort to boost productivity and help manufacturers emerge from the pandemic stronger than ever, pioneer and leading collaborative manufacturer Universal Robots (UR) joins hands with Phillips Machine Tools India, part of Phillips Corporation, the world's largest Haas factory outlet. Together, they are all set to offer machine shops a safe, user-friendly solution to optimize uptime and enable significant advantages to manufacturers in India. This is an extension of the existing partnership between the two companies in the USA, which was first announced in August 2019.

Universal Robots joins hands with Phillips Corporation - the largest global distributor of best-selling Haas CNC machines, to help Indian manufacturers boost productivity

Cobots are niche robotic arms which are quick to deploy, have a low footprint, and easy to program, even for those who are first time robot users. They overcome common barriers to automation faced by manufacturers in India, allowing them to implement Industry 4.0 technology. Traditionally, manufacturers face significant difficulties in the loading and unloading of CNC machines, which happens to be one the most popular applications of collaborative robots. Thus, the distributor agreement between Universal Robots India and Phillips Machine Tools India will ensure the rapid deployment of cobots with Haas CNC machines to help manufacturers staffing issues and stay competitive in this time of uncertainty. It will further offer affordable solutions to new and existing manufacturers and drive them to push the envelope by adopting flexible automation and increase overall productivity.

"Universal Robots India is pleased to partner with Phillips Machine Tools India, a Haas Factory Outlet, in bringing our solutions to the Automated Machine Tending marketplace in India. With Phillips' extensive installed base and service network pan India, Universal Robots and Phillips India will bring the benefits of democratized & flexible automation to MSMEs, SMEs & OEMs as India emerges from the pandemic with a leaner but more productive & efficient manufacturing sector," shares Pradeep David, General Manager, South Asia, Universal Robots.

Universal Robots has already sold over 44,000 cobots across the globe, with more than 1,000 UR cobots for tending Haas CNC machines. Phillips Corporation has an installed base of more than 19,000 Haas CNC machines around the world. More than 60 different Haas models can be automated with Universal Robots' cobot arms. This partnership between the world's largest distributor of the leading CNC brand and the top collaborative robot brand offers a slew of advantage for India's manufacturers, combining a Haas-UR solution offered with Phillips' manufacturing expertise and application know-how to help businesses boost productivity and also prepare for the possibility of any future disruptions.

"Today, more than ever before, it's all about the competitive edge. We at Phillips Machine Tools India offer innovative, affordable solutions that create an unbeatable competitive advantage for Indian manufacturing. Phillips Automation through Universal Robots offers Cobots: collaborative robots that provide cost-effective, flexible, and safe automation solutions for a wide range of CNC machine tending tasks. With over 10,000+ CNC machines and 10 technical centres spread across India we combine our machine tool expertise and automation experience to help our customers increase their machine productivity through simple, reliable automation, the Phillips way," says Terrence Miranda, Managing Director, Phillips Machine Tools India.

The companies see tremendous potential in both, retrofitting existing installations with UR cobots, and also for getting through the door to new customers, offering turn-key solutions. After all, there is no hardwiring or complex coding involved in getting a Universal Robot to communicate with a Haas machine since UR has solutions like the VersaBuilt software that facilitates two-way communication between the UR cobot and the CNC. This means UR cobots can easily execute any machining program stored on the Haas CNC directly through the cobot's own teach pendant, maintaining all Haas safety interlock features. The partnership, thus, endeavors to take manufacturing in India to a whole new level, especially empowering those who are new to automation with a solution that enables Make in India with skyrocketed efficiency and quality.

Watch UR cobots tend a wide range of Haas CNC machines here.

About Universal Robots
Universal Robots was founded in 2005 to make robot technology accessible to all by developing small, user-friendly, reasonably priced, flexible industrial robots that are safe to work with. Since the first collaborative robot (cobot) was launched in 2008, the company has experienced considerable growth with the user-friendly cobot now sold worldwide. The company, which is a part of Teradyne Inc., is headquartered in Odense, Denmark, and has subsidiaries and regional offices in the United States, Germany, France, Spain, Italy, Czech Republic, Poland, Turkey, China, India, Singapore, Japan, South Korea, Taiwan and Mexico.

For more information, please visit www.universal-robots.com or read our blog at www.blog.universal-robots.com/in

About Phillips Corporation
Phillips Corporation is a family-owned global manufacturing services company, partnering with customers to create legendary value by providing unparalleled expertise, innovative thinking, and solutions for those who shape the future. They partner with customers to improve competencies for applying manufacturing technology - resulting in leaps in productivity, great prosperity, and enduring competitive advantage.

Phillips Corporation globally is the World's Largest Haas Factory Outlet, combining the convenience and security of a local distributor with the strengths of an international organization.

~ Newsvoir

Philips Showcases AI-Powered Solutions For Precision Diagnosis at IRIA 2020

Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today highlighted its industry-leading AI driven enterprise imaging portfolio including innovative digital imaging platforms, advanced informatics and a suite of services at the 73rd Annual Conference of the Indian Radiological and Imaging Association (IRIA 2020). The company also introduced its advanced solutions such as Lumify (app-based high-quality portable ultrasound), MR – OR and RT oncology, wAssist (an innovative AI based solution that assists compliance to PNDT act and seamlessly integrates with medical practitioners standard workflow), Vereos Digital PET/CT (world’s first and only fully digital, clinically proven, PET/CT solution), Incisive Computed Tomography (CT) (platform designed to integrate innovations in imaging, workflow and lifecycle management) amongst others. ​

Philips is transforming radiology through intelligent solutions, improving operational performance and building workflow efficiency while enabling high quality and integrated clinical decision-making. Through patient-centric approach to diagnosis and treatment, Philips applies strong clinical capabilities, simplified workflows and integrates AI to help the clinician deliver on precision diagnosis. At IRIA 2020, Philips is harnessing the power of AI to create insights from the complete range of patient data, including pathology and radiology.

Commenting on Philips’ commitment to improve precision diagnostics space, Jan Kimpen, Global Chief Medical Officer, said, “Aligned with our focus of providing ‘Value-based’ care, we have extended our enterprise imaging portfolio through strategic investments in R&D and complementary acquisitions. Our new suite of imaging solutions embeds intelligence at every step of each operational workflow and disease management procedure. From capabilities in data integration and AI to completely renewed platforms across MRI and CT, our range of solutions supports clinicians in getting the right treatment to the right patient at the right time.”

Daniel Mazon, Vice Chairman and Managing Director at Philips Indian Subcontinent commented, “We are glad to exhibit our advanced AI-powered imaging solutions at IRIA 2020. Our new solutions will allow patients and healthcare professionals to fully harness the power of information and translate it into actionable insights, providing a pathway for seamless integrated precision diagnosis platform resulting in better outcomes for patients and care-givers.”

Focused on optimizing image acquisition, viewing and data interpretation, and diagnostic patient management workflows, Philips provides flexible and scalable enterprise imaging solutions to hospitals and imaging centers as they seek to better their performance by simultaneously improving the patient experience, health outcomes, and staff experience, while lowering the cost of care.

Philips introduced two new solutions in the Ultrasound category including Lumify, the app based compact, portable ultrasound solution and wAssist, an innovative solution that improves workflow and ensures compliance using AI.

Other key Philips’ AI-enabled solutions present at IRIA 2020 include SmartExam, VitalEye in the MRI, Intellispace portal. SmartExam automatically detects anatomic landmarks in a survey scan of the patient, then plans the diagnostic scans related to the patient's actual position in the magnet. The technology supports reproducible planning results for over 80% of procedures. Philips IntelliSpace Portal is an advanced visualization and analysis software solution designed to support diagnostic process, follow-up and communication across clinical domains and modalities, through a connected and secure workflow. The solution is a multi-modality and multi-vendor comprehensive suite of advanced visualization solutions for Radiology. VitalEye uses adaptive intelligence to detect even the tiniest microscopic signs of breathing. With VitalEye, the technologist no longer needs to set up an old-fashioned respiratory belt but receives a continuous and robust respiratory signal without any interaction.

With its strength in soft tissue visualization and significant improvements in geometric accuracy, MRI continues to gain in popularity for radiation therapy applications. At IRIA 2020, Philips also showcased its fully digital Ingenia platform, which comprises the Ingenia Elition 3.0T, Ambition X 1.5T and Ingenia Prodiva 1.5T MRI systems. Also, on exhibit was Compressed SENSE, an advanced acceleration application that reduces 2D and 3D scan times by up to 50% accelerating patient exams. Philips recently marked the completion of its one millionth patient scan accelerated with Compressed SENSE.

Philips’ Incisive Computed Tomography (CT) platform was also introduced to the customers at the event. Incisive CT integrates innovations in imaging, workflow and lifecycle management, helping healthcare providers to improve the CT experience for patients and staff, enabling smart clinical decision-making and increasing efficiency.

Designed to fit the unique needs of radiation oncology clinicians and patients, Philips also featured its latest integrated imaging and treatment planning solutions for radiology oncology including MR-OR and Vereos Digital PET/CT. The MR-OR option is designed for Intra-Operative MRI, i.e., it allows a patient undergoing a neurosurgery procedure to be transferred into an adjacent Ingenia MR suite to evaluate progress or to guide surgery tools and implants. MR-OR supports both intra-operative and standard diagnostic use.

Supported by rigorous clinical evidence, Philips’ Vereos Digital PET/CT is the world’s first and only fully digital, clinically proven, PET/CT solution. With proprietary Digital Photon Counting technology for outstanding advances all along the imaging chain, Vereos exemplifies an established integrated solution.

About Royal Philips

Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people's health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2018 sales of EUR 18.1 billion and employs approximately 80,000 employees with sales and services in more than 100 countries.

~ BusinessWire India

Philips Ships 2-Millionth AED, Helping to Save Lives Across the Globe

Royal Philips, a global leader in health technology, has announced the shipment of its two-millionth AED (Automated External Defibrillator). This achievement marks a major milestone in Philips’ continued efforts to combat sudden cardiac arrest (SCA), reaffirming the company’s commitment to providing empowered heart care across the health continuum. Cardiac arrests can happen anywhere, at any time, and bystander intervention and treatment with an AED has been shown to increase the survival rate by three times.

Commenting on the achievement, Rohit Sathe, President – Philips Healthcare, Indian Subcontinent said, “We are proud to reach the incredible milestone of the shipment of Philips two-millionth AED. The event is a testimony of Philips’ more than 20-year legacy of cardiac resuscitation innovations to combat the potentially fatal effects of sudden cardiac arrest (SCA). As the leader in AEDs, Philips is committed to doing everything we can to help survive a sudden cardiac arrest, which is why we design our AEDs to be rugged, lightweight and durable, featuring clear audio instructions for both guided use and CPR (cardiopulmonary resuscitation) guidance.”

Despite the widespread availability of AEDs today, people are not quite aware of AEDs, don’t know how easy they are to use and may still hesitate to intervene when someone is experiencing an SCA. Immediate defibrillation is the one and only way to save a person’s life in such cases. Philips aims to raise awareness around cardiovascular diseases (CVD) and cardiac events while showcasing the user-friendliness and importance of AEDs besides encouraging people to take personal responsibility for leading heart-healthy lives.

According to a recent study of Prospective Urban Rural Epidemiology (PURE) conducted in 21 countries across five continents, CVD continues to be one of the leading causes of death across the world. In India, however CVD is still the top killer, with death three times more frequent than that due to cancer[1]. As a leader in the prevention, diagnosis and treatment of cardiovascular diseases, Philips offers a comprehensive range of cardiology technology, workflow solutions and services that enable connected care across the health continuum. The company’s unique and strong portfolio of systems, smart devices, software and services in image-guided therapy, combine to offer healthcare providers with sophisticated, procedure-oriented solutions in cardiology.

Earlier this year, Philips and the American Heart Association announced a collaboration on Connected Pulse Program to increase sudden cardiac arrest survival rates in densely populated cities. The Connected Pulse program leverages a unique end-to-end solution combining education programs to increase awareness of CPR (Cardiopulmonary Resuscitation), the use of publicly available AEDs, and new technologies to strengthen the ‘chain of survival’ from the moment an incident occurs to the patient reaching the hospital. Philips is committed to utilize learnings from this programme to drive awareness around CVD in India.

A pioneer in AED innovation and reliability

Philips’ HeartStart OnSite & Heartstart FRx made the implementation of early AED programs in communities, schools and businesses much easier. The Philips HeartStart AEDs provides real-time guidance through simple, step-by-step voice commands, an audible metronome and CPR coaching to help guide the treatment of a suspected sudden cardiac arrest. With easy set-up, clear voice prompts, and rugged design, these AEDs are designed to be used with minimal or no prior training.

Philips was also the first to introduce an AED for pediatric use and was a pioneer in providing AEDs for use in airplanes. Today, Philips AEDs are available across the globe, on board major airlines, airports, in major hotels, in Fortune 100 companies, and in the locker rooms of professional sports teams worldwide.

More information on Philips’ portfolio of AEDs and the two-millionth AED milestone is available here


~ Business Wire India

In its 1st Global Startup Collaboration, Philips Selects 19 Startups from China, India, Netherlands and US

Netherlands-based global technology company, Philips, has selected 19 startups for its first global start-up collaboration program involving Philips’ innovation hubs in Cambridge (US), Eindhoven (the Netherlands), Bangalore (India) and Shanghai (China) focused on the application of artificial intelligence (AI) in healthcare, announced the company in a press release.

The incubation programme focuses on the application of AI-based clinical decision support tools, such as image interpretation, analysis and integration, and workflow tools, such as intelligent treatment plans for radiology, ultrasound and oncology. After careful analysis, the most promising 19 early stage start-ups out of 750 applicants were selected for inclusion in Philips’ proven incubator program for start-up companies.

The program will be carried out at Philips’ innovation hubs in Cambridge, Massachusetts; Eindhoven, the Netherlands; Bangalore, India; and Shanghai, China. For India Innovation hub of India Refer Here.

During the 12-week incubator program, Philips will provide the selected 19 startups with health technology expertise and access to its partners, including hospitals, universities and financial organizations. Philips will help the startups build, test and scale their ideas, and ultimately assess whether their solutions offer opportunities for future collaborations.

“At Philips, we use intelligent technology to improve people’s health across the health continuum – from healthy living and prevention to diagnosis, treatment and home care – while also increasing the efficiency of healthcare delivery,” said Alberto Prado, Head of Philips Healthworks, an intensive 90-day tailored program of Philips to help startups build, test, de-risk and scale their idea

“We are already working closely with clinical partners to develop AI-enabled solutions that are grounded in scientific research and validated in clinical practice. This new collaboration program recognizes the role that start-up companies play in bringing breakthrough healthcare innovations to the market," he added.

Philips HealthWorks startup program accelerates breakthrough innovation through internal venturing and external start-up engagement. This program enables the company to assess, foster and monitor promising early stage start-up companies for potential future collaborations, as well as providing Philips with an in-depth view of the most recent developments in health technology from around the globe.

In addition to HealthWorks, Philips has a separate team managing venture capital investing, Health Technology Ventures. HealthWorks and Health Technology Ventures collaborate to form a center of excellence for start-up companies looking to partner with Philips.

Last year in May, Philips, together with American Heart Association and UPMC, had launched Cardeation Capital, a $30 million collaborative venture capital fund designed to spur healthcare innovation in heart disease and stroke care. Managed by Aphelion Capital, each of the three organizations has committed $10 million to the fund to bring products and solutions to market that address critical areas of healthcare delivery and health management.

In 2016, it was reported that Philips is planning to set up an India-focused venture fund to make investment in Indian healthcare technology startups. However since then nothing has been heard.

Philips already have venture funds in Israel & Netherlands and now looking at setting up a similar fund for Indian startups as well. In July 2015, Philips and Israel-based pharma company Teva jointly set up a $30-million venture fund to invest in medical devices and healthcare technology startups in Israel over eight years. Philips veteran Jeroen Tas said that Bengaluru is an important hub for the company.

Philips Plans to Set Up an India Focused Venture Fund

Dutch consumer electronics and healthcare firm Philips is planning to set up an India-focused venture fund to make investment in Indian healthcare technology startups. Philips already have venture funds in Israel & Netherlands and now looking at setting up a similar fund for Indian startups as well.

In July 2015, Philips and Israel-based pharma company Teva jointly set up a $30-million venture fund to invest in medical devices and healthcare technology startups in Israel over eight years. Philips veteran Jeroen Tas said that Bengaluru is an important hub for the company.

"We have a couple of hubs that are really important to us — clearly Bangalore is one, Eindhoven is one. We have a smaller hub in the US and Israel. And each of these are in places where we have an ecosystem," said Tas.

Along with fund launch, Philips is also looking to significantly ramp up its data-analytics team and hire hundreds of data scientists over the next 5 years. The company, currently, has about 200 data scientists working out of its Bengaluru technology centre.

"We will potentially have 2,000 people in Bangalore as part of the data science team — up from 200 now. The kind of talent we are looking for is people with a science background.

The best people who are really good at this have a statistical background. We're also looking at people who have done business analytics — also people who have majored in physics, chemistry, etc. That kind of background," said Tas.

A couple of days back, US based venture capital firm EVC also announced its plans to launch $50 million fund focused on Indian startups. The fund will typically invest around $100,000-$5 million in startups.

Philips Plans to Set Up an India Focused Venture Fund

Dutch consumer electronics and healthcare firm Philips is planning to set up an India-focused venture fund to make investment in Indian healthcare technology startups. Philips already have venture funds in Israel & Netherlands and now looking at setting up a similar fund for Indian startups as well.

In July 2015, Philips and Israel-based pharma company Teva jointly set up a $30-million venture fund to invest in medical devices and healthcare technology startups in Israel over eight years. Philips veteran Jeroen Tas said that Bengaluru is an important hub for the company.

"We have a couple of hubs that are really important to us — clearly Bangalore is one, Eindhoven is one. We have a smaller hub in the US and Israel. And each of these are in places where we have an ecosystem," said Tas.

Along with fund launch, Philips is also looking to significantly ramp up its data-analytics team and hire hundreds of data scientists over the next 5 years. The company, currently, has about 200 data scientists working out of its Bengaluru technology centre.

"We will potentially have 2,000 people in Bangalore as part of the data science team — up from 200 now. The kind of talent we are looking for is people with a science background.

The best people who are really good at this have a statistical background. We're also looking at people who have done business analytics — also people who have majored in physics, chemistry, etc. That kind of background," said Tas.

A couple of days back, US based venture capital firm EVC also announced its plans to launch $50 million fund focused on Indian startups. The fund will typically invest around $100,000-$5 million in startups.

Tech Mahindra, GE, Cisco & Others Unites To Form India IoT Panel

Industry veterans from Vodafone, Tesco, Tech Mahindra, Philips, GE and Cisco have joined hands to form an Internet of Things panel in India. The panel will try to build open source Internet of Things (IoT) solutions to solve issues and problems in specific areas such as agriculture, healthcare and education.

The panel will be led by an industry body called Institution of Engineering Technology and Dr. Rishi Bhatnagar, global head for digital enterprise services at Tech Mahindra will be the panel’s chairman.

Other members of the panel include Joy Ranjan Cheruvanthoor, senior Vice-President-strategic alliances and M2M at Vodafone Business Services; Babu Narayan, senior principal scientist at GE Software Research; and Cisco Systems’ principal engineer Mukesh Taneja. Robin Saxby, who is the founder of ARM holdings, has been chosen to be one of the global advisors to the panel.

Internet of Things involves connecting everything from wearable devices and traffic signals to waste control systems and door locks to a huge network.

“The panel will have six working groups on Internet of Things applications which will concentrate on IoT approaches that are being applied across market segments and various businesses. Besides these, the core panel will have a special working group around Internet of Things Labs and on regulatory and legal points," said Bhatnagar in a statement to Economic Times.

The Internet of Things panel will also work on creating a startup accelerator that would combine various components of IoT into useful products.

According to Shekhar Sanyal, country head at Institution of Engineering Technology, India, “There is a large startup ecosystem in Internet of Things space in India. We will provide technical and business mentorship to such startups and also help connect them with investors."  Snayal gave this statement to ET.

The government of India wants the country’s IoT industry to touch the magic figure of $15 billion (Rs. 94,500 crore) by the year 2020. The government is currently working on its 1^st IoT policy. Companies expect a significant amount of business from Internet of Things related work and local based software developers such as Tech Mahindra, Infosys and Wipro have already started working on making its way into the market.

The panel will also try to collaborate with other industry bodies which are working on the same issues and problems as them.

Tech Mahindra, GE, Cisco & Others Unites To Form India IoT Panel

Industry veterans from Vodafone, Tesco, Tech Mahindra, Philips, GE and Cisco have joined hands to form an Internet of Things panel in India. The panel will try to build open source Internet of Things (IoT) solutions to solve issues and problems in specific areas such as agriculture, healthcare and education.

The panel will be led by an industry body called Institution of Engineering Technology and Dr. Rishi Bhatnagar, global head for digital enterprise services at Tech Mahindra will be the panel’s chairman.

Other members of the panel include Joy Ranjan Cheruvanthoor, senior Vice-President-strategic alliances and M2M at Vodafone Business Services; Babu Narayan, senior principal scientist at GE Software Research; and Cisco Systems’ principal engineer Mukesh Taneja. Robin Saxby, who is the founder of ARM holdings, has been chosen to be one of the global advisors to the panel.

Internet of Things involves connecting everything from wearable devices and traffic signals to waste control systems and door locks to a huge network.

“The panel will have six working groups on Internet of Things applications which will concentrate on IoT approaches that are being applied across market segments and various businesses. Besides these, the core panel will have a special working group around Internet of Things Labs and on regulatory and legal points," said Bhatnagar in a statement to Economic Times.

The Internet of Things panel will also work on creating a startup accelerator that would combine various components of IoT into useful products.

According to Shekhar Sanyal, country head at Institution of Engineering Technology, India, “There is a large startup ecosystem in Internet of Things space in India. We will provide technical and business mentorship to such startups and also help connect them with investors."  Snayal gave this statement to ET.

The government of India wants the country’s IoT industry to touch the magic figure of $15 billion (Rs. 94,500 crore) by the year 2020. The government is currently working on its 1^st IoT policy. Companies expect a significant amount of business from Internet of Things related work and local based software developers such as Tech Mahindra, Infosys and Wipro have already started working on making its way into the market.

The panel will also try to collaborate with other industry bodies which are working on the same issues and problems as them.

Philips all set to re-launch itself in the Indian Mobile Market

The Dutch electronics maker is all set to re-enter the Indian Smartphone market after a hiatus of seven years. The company will re-enter the fastest growing Smartphone market in the world by launching a series of feature and Smartphones. The phones are expected to be unveiled on 28th May by Sang Fei Consumer Communications Co. in New Delhi.

Sang Fei which is a joint venture between Shenzhen SED Industry Co. and Philips electronics has developed this new range of phones which will be sold all over the world. SS Bassi currently Sang Fei’s head of SAARC operations and who has earlier worked with Reliance communications and Lenovo has been bestowed upon the duty to look after the Indian Business.

 

Philips mobile phone business all over the globe was taken over by China Electronics Corporation which is the parent company of Sang Fei in 2007. Philips initially used to sell mobile phones in India but it stopped do so after the acquisition. The price range in which the phones will be offered hasn’t been revealed by the company yet. The company should surely take some lessons from Motorola which was successfully able to re-launch itself in the Indian market by creating phones heavy on features and low on prices.

The company’s re-entry into the Indian business won’t be a cake walk. As it will not only have to face stiff competition from the likes of Nokia, Samsung, Apple and Sony etc. but it will also have to face the heat from in-house manufactures like Motorola, Micromax and Karbonn. Further, Apple’s former CEO John Sculley’s Obi brand of phones and China’s famous device manufacturer Xiaomi’s phones can also be expected to hit the markets any time soon. They can prove to be tough competitors for Philips.

The Smartphone market has tripled its share in 2013 when compared to 2012.  In 2013, about 44 millions devices were shipped which was three times more than 16.2 million devices shipped in 2012. The Smartphone market in India is expected to rise even further in 2014 with Smartphones expected to available at an entry price of Rs.2, 500. This price will make more and more people to make the switch from feature to Smartphones.

 

 

Philips all set to re-launch itself in the Indian Mobile Market

The Dutch electronics maker is all set to re-enter the Indian Smartphone market after a hiatus of seven years. The company will re-enter the fastest growing Smartphone market in the world by launching a series of feature and Smartphones. The phones are expected to be unveiled on 28th May by Sang Fei Consumer Communications Co. in New Delhi.

Sang Fei which is a joint venture between Shenzhen SED Industry Co. and Philips electronics has developed this new range of phones which will be sold all over the world. SS Bassi currently Sang Fei’s head of SAARC operations and who has earlier worked with Reliance communications and Lenovo has been bestowed upon the duty to look after the Indian Business.

 

Philips mobile phone business all over the globe was taken over by China Electronics Corporation which is the parent company of Sang Fei in 2007. Philips initially used to sell mobile phones in India but it stopped do so after the acquisition. The price range in which the phones will be offered hasn’t been revealed by the company yet. The company should surely take some lessons from Motorola which was successfully able to re-launch itself in the Indian market by creating phones heavy on features and low on prices.

The company’s re-entry into the Indian business won’t be a cake walk. As it will not only have to face stiff competition from the likes of Nokia, Samsung, Apple and Sony etc. but it will also have to face the heat from in-house manufactures like Motorola, Micromax and Karbonn. Further, Apple’s former CEO John Sculley’s Obi brand of phones and China’s famous device manufacturer Xiaomi’s phones can also be expected to hit the markets any time soon. They can prove to be tough competitors for Philips.

The Smartphone market has tripled its share in 2013 when compared to 2012.  In 2013, about 44 millions devices were shipped which was three times more than 16.2 million devices shipped in 2012. The Smartphone market in India is expected to rise even further in 2014 with Smartphones expected to available at an entry price of Rs.2, 500. This price will make more and more people to make the switch from feature to Smartphones.