Friday, October 26, 2018

Philips initiative on Startups and AI in Healthcare - Selected Start-ups list

Royal Philips recently announced its first global startup collaboration program focused on the application of Artificial Intelligence (AI) in Healthcare division.

The global start-up collaboration program involving Philips’ innovation hubs in Cambridge (US), Eindhoven (the Netherlands), Bangalore (India) and Shanghai (China) for this.


This is 12-week program gives 19 AI (artificial intelligence) start-up companies access to Philips’ Health technology expertise and its ecosystem of knowledge partners.

After careful analysis, the most deserved 19 start-ups out of 750 entries were selected for this in Philips’ proven accelerator program for early stage start-up companies. 

The program mainly focuses on the application of AI-based clinical decision support tools, such as analysis and integration, image interpretation,and workflow tools, such as intelligent treatment plans for radiology, ultrasound and oncology. 

The startup program at Philips Innovation Campus, Bangalore caters to innovation ecosystems across India, Japan, South East Asia, Australia & New Zealand, Middle East & Turkey regions.

More than 150 Healthcare start-ups that had AI and radiology as part of their proposition screened by the team and the most promising five start-ups joined the global cohort. 

The five start-ups will now be coached and facilitated from Philips Innovation Campus, Bangalore and gain access to some of the best experts from the ecosystem.

Mr. Srinivas Prasad, CEO Philips Innovation Campus-Bangalore, said, “The Indian Start-up ecosystem is demonstrating an increasing trend of applications based on deep learning and AI in healthcare domain."
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