Philips is moving its North American research headquarters to Kendall Square and has announced a $25 million research alliance with MIT, reports Boston Globe correspondent Karen Weintraub. MIT and Philips have a “resonance on specific technical issues, but also on the approach to innovation,” says Associate Provost Karen Gleason.
Gus Iverson writes for DOTmed about the new alliance between MIT and Philips aimed at spurring innovation in health care and lighting solutions technology. Philips will also be relocating its research hub to Kendall Square, which Henk van Houten, executive vice president and general manager of Philips Research, called "a thriving innovation ecosystem."
According to The Boston Herald, “Amsterdam’s Royal Philips N.V and the Massachusetts Institute of Technology have signed a five-year, $25 million research alliance to develop healthtech solutions and digital connected lighting systems.” Philips will also move its North American research headquarters to Cambridge.
MedTech Boston reporter Jenni Whalen writes that Philips has formed an alliance with MIT and plans to move its North American research headquarters to Cambridge. “By moving to Cambridge and collaborating with MIT, its staff and its partners, Philips can work with some of the best minds in the world,” explains Henk van Houten, executive vice president and general manager of Philips Research.
Stacey Higginbotham of Fortune writes about a new $25 million partnership between Philips and MIT in which the company will move its North American R&D headquarters to Cambridge: “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.”