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Philips Innovation Award


Philips Innovation Award open trading

The Board of the Philips Innovation Award opens trading at the Amsterdam exchange by sounding the gong. This gong marks the 11th edition of the largest student entrepreneur award in the Netherlands. The Board is accompanied by Daan van Manen, responsible for the historical bifurcation of Philips. Pearltect, Printr and Blue Battery, three of the finalists of the 10th edition of the Award, also accompany the board.

The Philips Innovation Award, part of the Euronext Amsterdam listed Philips (ticker symbol: PHIA), consists of four Stages (the Idea Stage, Developing Stage, Refining Stage and Final Stage). The feedback, training and coaching will intensify each Stage. Participants can currently enroll for the Developing Stage. In addition, the sounding of the gong marks the continuous growth of the Award, since a record amount of more than 300 student-entrepreneurs are already participating in the platform this year.

The prize worth €50.000 will be awarded to the student with the most innovative and promising plan. The jury, presided over by CEO of Philips, Frans van Houten, takes (among other criteria) the impact, sustainability and feasibility of the plans into account. The prize consists of cash and a toolkit of products and services that gives the student-entrepreneurs a kick start.

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