Rick Harwig about 'Open Innovation'

Rick Harwig, CTO Royal Philips Electronics

“The technology palette is expanding. Electronics, microelectronics, mechanics, embedded systems, IT, biotechnology; a single-firm solution is a thing of the past. It is better to build an ecosystem in which companies can find one another.

Open innovation makes businesses less susceptible to fluctuations in the market. They can focus on their core competencies and substantially reduce the time-to-market in the industrialisation from technology to products.

This is an important advantage in a market that is driven by the motto: the first, the fastest and the fittest. And that’s exactly what is happening at High Tech Campus Eindhoven.”