Central regions | Finance, business | Technology & innovation

Royal Philips to open R&D center in Russias Skolkovo

27 Oct '16
Royal Philips, a Dutch company with global presence, is opening a research and development center in Russias Skolkovo innovation hub outside Moscow with an eye to investigating into advanced IT opportunities in health care, Firrma.ru reported.

The new Center will focus on machine learning, artificial intelligence and big data analysis and processing in the field of health care. The effort is expected to translate into serious R&D support for the firms global research projects in forecasting analytics for paramedic practice and big data analysis for health care service transformation.

The Skolkovo-based R&D Center will join a network of such centers called Philips Research, operating across Europe, North America, China, India, Brazil, and the African continent.

Philips also reportedly plans to use its Russian centers premises as the head office for on-the-job training programs for under- and postgraduate students from the Skolkovo Institute of Science and Technology (Skoltech) and other Russian universities.

Headquartered in the Netherlands, Royal Philips is a sizable tech company focused on visualization and IT solutions for medical purposes and on electronics for personalized care and household uses.
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Locations: Skolkovo

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