On Monday, 18 May, the grand final of the Philips Innovation Award took place in a virtual setting. In the final the eight remaining finalists pitched their ideas to a jury chaired by the CEO of Philips, Frans van Houten.
The virtual final was a huge success, and if you have the chance, do watch the compilation by RTL Z originally broadcast in late May. The winner of the 50,000 euro prize of the “Innovator League” is the start-up Lalaland, a company that uses neural networks to create artificial human models. These virtual mannequins allow online shoppers to get a better idea of whether a particular piece of clothing suits their personal characteristics such as body shape and skin colour. After all, not everyone has the same killer body as the models that are normally used to show fashion to its best advantage.
The start-up Syntho is the winner in the “Rough Diamond League”, taking home the prize money of 10,000 euro for most promising recently founded start-up. Syntho uses Artificial Intelligence (AI) to generate synthetic data for data-sharing that is in compliance with privacy regulations.
As proud sponsors of the Philips Innovation Award we have had extensive contact with the finalists and the other participating teams, providing them with advice on how to protect their intellectual property.