Philips has partnered with Indiegogo and Bloomberg’s The Next Big Thing Summit to launch a crowdfunding-driven contest that will reward one of five finalists with $60,000 and a mentoring session with Philips executives. The contest is called the Philips Next Big Thing Innovation Fellows Competition. The four runners-up will also take home $10,000 a piece. In this competition everyone wins, but only one project can take home the big prize.
The Philips Innovation Fellows Competition focuses on the key innovation opportunities, specifically:
- Living Well: There is high demand to see innovations across all living well attributes; restful sleep and sense of security at home lead as important factors to “Live Well.”
- Being Healthy: People surveyed place high importance on being able to look after/monitor their family’s health, seek medical treatment, prevent illness and live a healthy lifestyle. Alongside living a healthy lifestyle, Americans also place high importance on preventative health.
- Enjoying Life: Most people surveyed (94 percent) would like to see innovations that would help provide greater happiness in their lives, including being comfortable at home, living independently as one ages, and being an active part of one’s local community.
The five finalists are as follows…
FilterWatch: Breathe Easy, Save Energy, Save Money | A simple, effective energy efficiency solution that will save you money and help prevent asthma triggers.
GameFaceGear LLC presents DugNik Creative Headwear | Help us fight skin cancer, melanoma & disease spread by Mosquitos DugNik fun shade hats will entertain, enhance & HELP SAVE LIVES Join us now!
Save 120,000 lives from Cholera deaths around the world | Every year, 120,000 people die from Cholera in disaster areas like Haiti and Africa. We are developing a new IV saline solution to prevent these deaths.
ZG-1: LED lighting system. The First Reusable Light Bulb | Enhance and Illuminate your life with the the first Reusable, Customizable, Waterproof, Energy Efficient bulb. Its not too good to be true.
All of the campaigns have closed, with the BreathAcoustics all-in-one headset raising the most funds at $31, 810. DugNik creative headwear had the most funders at 371.
The ultimate winner will be chosen by Philips employees.