There is increasing demand from young high-tech companies to be part of our ecosystem beyond the early startup-phase. On the journey to becoming a scale-up, the founders need access to different skillsets. That could mean research and testing facilities while building the prototype. Later, supply chain expertise is needed when it's time to scale up to full production. There are often changes in the teams, as founders hand-over to operational leaders as marketing and sales personnel join the company. And later-stage scale-ups like Smart Robotics have discovered that moving from a research environment to a business creation cluster has been key for their acceleration to market.
On the Campus, good cooperation between multinationals and high-tech startups has become part of our DNA. It comes because Philips Research decided in 2003 that it could not invent in splendid isolation, tore down the park gates and attracted dozens of technology companies like NXP and Intel, to build a unique trusted ecosystem.
This informal culture of trust takes years to build. It’s priceless. And it’s always listening, in an effort to continually improve itself.
Several of today’s successful new companies, like Medtronic, NXP, Civolution, Intrinsic-ID or Genkey were founded by former Philips employees. They took the entrepreneurial route and spun out their technology from the mother corporation. And even though many of these spin-outs make most of their revenue in the Americas, Asia or Africa, they maintain a base on our campus. Because in order to profit from the benefits of an eco-system, you need to be in it!
Being part of that trusted community means people are often willing to open up their network to others. Creating value together and sharing resources makes sound business sense for everyone. The more specific the request, the more likely somebody will connect you to a contact which, for instance, could help act as a springboard to the Korean market.
So, in many respects, the whole Campus has become one giant turbo accelerator. Some big announcements are coming this autumn to make it even better. If you want to be the first to know what we’re up to, now is the time to sign-up for the free Campus Newsletter. Just send an email to firstname.lastname@example.org with the subject NEWSLETTER and you will receive the next issue in your inbox.