
Royal Philips Electronics (NYSE: PHG, AEX: PHI) and VTT opened today an InnoHub in the city of Espoo, close to Helsinki to generate innovative ideas and translate these into profitable businesses. Focus areas for the InnoHub are health, life-style and well-being. The centre is a melting pot of people from different backgrounds and experiences, who work closely together in an inspiring and real-life setting that includes a hospital room, a nurse's station as well as a home environment.