“Philips is committed tomeaningful innovation,and we strive totransform and enrichpeople’s lives to helpthem reach each lifemilestone in healthy,fulfilling ways”
June 18, 2013 12:05 PM Eastern Daylight Time
Philips “Innovation Fellows” Competition Searches for Next Big Thing in Health andWell-Being
Partners with Indiegogo to host crowd funded campaigns; Philips to award $100,000 plus mentoring to the top ideasANDOVER, Mass.--(BUSINESS WIRE)--Greg Sebasky, Chairman,Philips North America, today introduced Philips’
Innovation Fellows competition at the Bloomberg Next Big Thing Summit. Philips is asking people nationwide to submittheir ideas for the “next big thing” that will help people live happy, healthier lives. Entrants will have the chance to tap into$100,000 in prize money from Philips, to help bring their innovation to life. To further spur open innovation, entrants cangain financial support for their idea on Indiegogo.com, a global web-based crowd funding site.“Philips is committed to meaningful innovation, and we strive to transform and enrichpeople’s lives to help them reach each life milestone in healthy, fulfilling ways,” saidSebasky. “Philips is always looking for the ‘next big thing’ and we want to broaden ourreach and celebrate great ideas that have the potential to revolutionize the way we live.We invite all innovators to share their ideas and to help us in our search.”Competition entries will focus on the three areas:
For instance, technology that helps people have a restful sleep or a senseof security at home.
For example, new products or services that enable people to better monitor their family’s health, seekmedical treatment, prevent illness and live a healthy lifestyle.
Ideas that would help provide greater happiness in people’s lives, including being an active part of one’slocal community and living independently as one ages. The2013 Philips Meaningful Innovation Index, which examines satisfaction with current innovations by what is important inpeople’s lives, discovered Americans want future innovations to have a purpose. In dealing with the stresses of everydaylife, Americans are looking for products and services that do more than create technology for technology’s sake. Philipsfocuses on delivering innovation that matters and supports the public’s ongoing desire for technology to make a realdifference in people’s everyday lives."Indiegogo is committed to helping innovators gain access to funds around the world who can provide validation of theirideas and the financial support they need to make their ideas become reality,” said Slava Rubin, CEO and co-founder of Indiegogo. “We hope this competition will help make 'the next big thing' grow from an idea to a real-world innovation."
How it works
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