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 the Philips Innovation Award.

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 a prize worth €50.000. We don’t believe in a ‘the winner takes it all’ mentality: all participants benefit from the coaching, events and networking possibilities that our platform offers.

What is the mission of the Philips Innovation Award

We aim to stimulate and activate 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.


Who can participate?

Participation is open for (teams with) students with an innovative idea or start-up. If you have already started a business, your business should be younger than 3 years. The maximum age for participants is 30 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 hand in to participate?

You only need an innovative idea and write it down in one page. The deadline is 2 December 2020. After this deadline, you need to hand in your business plan on January 13th, 2021.

If you have taken the next step already, and you’ve set up a start-up, you are also welcome to hand in your business plan already.

Do I need a team?

No. You can participate as an individual, or as a team with a maximum of 10 members. Read for more details Conditions of entry.

Do I need to be Dutch?

No. If you are an enrolled student (or have graduated within the last three years) at a school or University in the Netherlands you are welcome to participate. Please note that you are expected to visit a few events (e.g. the Innovation Market in March) to be able to win the Philips Innovation Award. Read for more details Conditions of entry.

Is there any risk that my idea will get stolen?

No. 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 application deadline for the Idea Stage?

The application process for the Philips Innovation Award 2021 will open on Thursday the 13th of September, 2020. The application deadline for the Idea Stage is Wednesday December 2nd, 2020. If you hand in your idea before this day it will be possible to receive feedback on your idea. After this deadline it will still be possible to hand in your entire business plan until the 13th of January 2021.

What is the participation deadline?

The deadline for participation is the 13th of January 2021. Be aware that a business plan is required at this point.

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!

When will the semi-final and the Final take place?

The semi-final of the Philips Innovation Award will be held on Wednesday the 7th of April 2021. The Final will take place on Monday the 31th of May, 2021. 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, if that is possible with  COVID-19.

Get in touch

Feel free to contact us if you have any questions

Sign up Contact us