Royal Philips, based in Netherlands, is looking to invest globally in venture efforts to support healthcare technology startups. Its latest could be slated for India, the company’s Jeroen Tas, CEO of Philips Health Informatics, Solutions and Services, told The Economic Times.
Tas did not share specific details of the proposed new venture fund, but said it would be along similar lines of the fund the company set up in Israel. In July last year, Philips and Israel-based pharma company Teva jointly set up a $30-million venture fund to invest in medical devices and healthcare technology startups in Israel over eight years
Tas added that he will be attending pitching sessions from Indian startups on his next visit to India.
