Netherlands-based healthcare and lighting product maker Royal Philips has launched a partnership with US-based accelerator Plug and Play Tech Center to work with internet of things (IoT) technology developers.
Plug and Play will help Philips identify the IoT startups that fit best with its technology needs, which are likely to revolve around sensor data, analytics, and connected lighting technology that can be used in buildings and smart cities.
Olivia Qiu, chief innovation officer for Philips Lighting, said: “Silicon Valley is pulsing with many promising internet of things startups. Our partnership with Plug and Play represents our most recent commitment to open innovation, a highly collaborative ‘outside-in’ approach that helps us gain new insights.
“As an anchor partner, Philips will steer the technology focus toward connected lighting and base experts on-site in Sunnyvale, California, where they will identify and nurture talent, building our capabilities in this rapidly growing market.”