Vincenzo Ventricelli

Philips' main purpose is to improve the health and well-being of humankind through innovation. Philips' goal is to improve the lives of 2 billion people by 2025, including 200 million in underserved communities. In 2021, Philips has over 1.8 billion euros invested in R&D and over registered 57,000 patent rights. When it comes to innovation, Philips aims to not do it in isolation - instead, they partner with healthcare providers, start-ups, universities (especially university hospitals), and other companies. Philips has been named by Boston Consulting Group in 2020 as the number 1 MedTech company in the world.