What is Philips HealthWorks? As a venture capital fund, what qualities do you look for in a partner?
While the Philips HealthWorks team is linked to our Health Technology Venture Fund team at Philips, we see ourselves, first and foremost, as defining a new model for innovation community engagement. Think of Philips HealthWorks as a new front door for early-stage companies to collaborate with our global company.
Our program is 12-weeks long, cohort based, and operating out 5 hubs around the world, including Cambridge, MA in North America. While the programming is stage agnostic, our sweet spot is early-stage companies that have critical mass within the team (both technical and commercial), have a breakthrough innovation they are pursuing, some runway, but have not completely figured out how to turn that innovation into an impactful business.
