Frequently Asked Questions

Frequently Asked Questions

You’ve got questions? We've got answers!
Welcome to our Frequently Asked Questions section where you will find answers to the most commonly asked questions in relation to our programme
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Get to know us

What is the Philips Innovation Award?

The Philips Innovation Award is the largest student-entrepreneur award in The Netherlands. The winner wins more than €50.000. But not only the winner wins; all participants benefit from the coaching, events and networking possibilities that our platform offers.

Mission

Stimulating and activating an innovative entrepreneurial culture among students.

Who organises the Philips Innovation Award?

The Philips Innovation Award is an independent non-profit organisation that works in close cooperation with Philips. The organisation of the Award is led by a Board consisting of seven students from the Erasmus University Rotterdam.

Participation

Who can participate?

Participation is open for (teams with) students with an innovative idea or start-up. If you’ve already started a business, you’re business should be younger than 3 years. The maximum age for participants is 28 years. Read for more details Conditions of entry.

I've just graduated. Can I still participate?

Yes. If you’ve graduated within the last 3 years, you can still participate. Read for more details Conditions of entry.

What do I need to participate?

You only need an innovative idea, and you need to be able to describe your idea in less than 100 words. If you have taken the next step already, and you’ve set up a start-up, you are also welcome to participate if your start-up is younger than 3 years.

Do I need a team?

No. You can participate as an individual, or as a team with a maximum of 7 members. Read for more details Conditions of entry.

Do I need to be Dutch?

No. If you are an enrolled student at a school or university in The Netherlands or in a foreign country, you are welcome to participate. Please note that you are expected to visit a few events (e.g. the Announcement Day) to be able to win the Philips Innovation Award. Read for more details Conditions of entry.

Won’t my idea get stolen?

No way. All people who review your idea will sign a Confidentiality Agreement with the Philips Innovation Award. Nothing you tell or show us will be published or spread without your explicit permission.

What is the deadline for participation?

We have closed the application process for the Philips Innovation Award 2017 and are no longer accepting applications for participants/entries. Please check here in June 2017 to apply for the Philips Innovation Award 2018.

Winning the Prize

Who has a chance to become the winner?

Above all, you! It’s often not the expected winner who wins. Your idea has every chance to win, even if it hasn’t been fully developed yet, or if you don’t have any experience in entrepreneurship.

How will the winner be chosen?

A Business Panel of high profile entrepreneurs and professionals will read and give feedback on your plans. They will also select the semi-finalists. The final decision will be made by a Jury consisting of captains of industry. This Jury will be presided by the CEO of Philips, Frans van Houten.

What does the winner win?

The Award is worth €50.000 and it consists of cash, plus products and services offered by our partners (for example strategic advice, creative services, assistance in registering patents, international plane tickets, and more!).

What do the other participants win?

Experience in pitching, exclusive coaching days, networking possibilities with innovative entrepreneurs and companies, a good deal of fun, and more!

Which date is the Final?

The Final of the Philips Innovation Award is Monday 8 May 2017. At this event, the winner will be chosen by the jury. In the weeks before the Final it will be possible to sign up for a free ticket.