Philips and NLC have embarked on a journey to create new ventures based on Philips IP, and the first three will be built this summer

Philips is a leading innovator in health technology and manages one of the strongest and largest IP portfolios in the world. The majority of these innovations are brought to market by Philips’ businesses, and to complement these efforts some of Philips’ innovative technologies are licensed to third parties. NLC and Philips have therefore embarked on a journey to create new ventures based on Philips IP.

The first three ventures will be built starting this summer, and more are yet to come. These initial ventures will have the potential to reach millions of patients per year all over the globe, thereby supporting Philips in its mission to make the world healthier and more sustainable through meaningful innovations. More information about these ventures will be announced soon.