Philips 2008 Annual Report Download - page 90

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Introduction
The Innovation and Emerging Businesses sector is
designed to stimulate growth by leveraging Philips’
brand, technology and intellectual property (IP) base.
Through this sector, Philips invests in innovation and
new business activities that are not currently part
of the operating sectors, but which have potential
to create additional organic growth or value through
future spin-offs. The sector comprises Corporate
Technologies, Corporate Investments, New Venture
Integration and Philips Design.
Corporate Technologies
Corporate Technologies feeds the innovation pipeline,
enabling its business partners – principally the three
Philips operating sectors – to create new business
options through new technologies, venturing and
intellectual property development, to improve
time-to-market efficiency and to increase innovation
effectiveness via focused research and development
activities. Corporate Technologies encompasses
Philips Corporate Research, the Philips Incubators,
Philips Intellectual Property & Standards (IP&S), the
Philips Innovation Campus as well as Philips Applied
Technologies. In total, Corporate Technologies
employs about 4,100 professionals around the globe.
Corporate Technologies actively participates in ‘open
innovation’ through relationships with academic and
industrial partners, as well as via European and
regional projects, in order to improve innovation
efficiency and share the related financial exposure.
The High Tech Campus in Eindhoven, the Philips
Innovation Campus in Bangalore India, Research
Shanghai China and InnoHub are prime examples
of eco-systems enabling open innovation.
LED IP licensing to accelerate market development
In 2008, Philips introduced a patent licensing program for LED-based
luminaires used in the general illumination, architectural and theatrical
markets and also concluded a patent licensing agreement with Osram
for key LED technology. Both events are next steps in making basic Philips
LED intellectual property broadly available to the industry, accelerating
the development of the LED-based lighting market.
Innovation
& Emerging
Businesses
Philips Annual Report 200890
42
Our group performance
18
We care about...
8
Message from
the President
6
Performance highlights
14
Who we are