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Industrial & Medical Technology

Philips Plugs into Plug and Play Startups

24 July 2015

Philips hopes to collaborate with the latest technology start-ups, pushing the boundaries of connected lighting for the Internet of Things (IoT). The company recently teamed up with Silicon Valley’s Plug and Play Tech Center to mentor and partner with the latest, most exciting IoT innovators.

Plug and Play introduces startups to corporations and funding to accelerate their commercial development. It will filter hundreds of IoT-orientated startups matching Philips’ most relevant technology goals, such as innovators in sensor data, analytics and connected lighting for buildings and smart cities.

“Silicon Valley is pulsing with many promising IOT startups. 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,” says 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, Calif., where they will identify and nurture talent, building our capabilities in this rapidly growing market.”

LED connectivity to IP networks, sensors and software control systems is fostering innovation in IoT, enhancing energy savings and transforming the lighting industry.

The Plug and Play Tech Center is a global investor and technology accelerator in Sunnyvale, Calif. with a network of more than 300 tech startups, 180 investors, and a community of leading universities and corporate partners.

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