Philips moves R&D center to Cambridge, Mass. and pledges $25 million to MIT

Fortune

“The old headquarters were founded very much on this older philosophy of R&D where you needed to be in a quiet place for research and then you handed your ideas to the business for commercialization,” said Henk van Houten, executive vice president & general manager, Philips Research.

But now that philosophy has changed and R&D must be more integrated with the business, as well as with startups and other potential partners in big businesses and academia. Given that Philips will focus on lighting and healthcare technology for its R&D, Boston makes a considerable amount of sense, especially on the health side. There are plenty of academics who can parse data as well as research hospitals willing to explore how the combination of sensors, connected technology, and predictive algorithms can come together to help deliver better patient care, especially in the home.

http://fortune.com/2015/05/19/philips-rd-mit/

 

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