Philips Foundation is a registered non-profit organization established in 2014 to enable access to quality healthcare for underserved communities through meaningful innovation, strategic partnerships, and catalytic funding. It operates across a continuum of capital, from grant-based projects to impact investments, deploying Philips’ healthcare expertise. The Foundation aims to provide access to quality healthcare for 100 million people a year in underserved communities by 2030. Philips Foundation has made impact investments in health tech ventures in Africa, including three venture rounds totaling $2.5M from August 2023 to December 2025. It focuses on Egypt (two investments in Rology, an AI-assisted teleradiology platform) and Kenya (one investment in ILARA HEALTH, providing end-to-end support for digitized primary care clinics). These investments align with its mission to improve healthcare access in underserved regions. The Foundation collaborates with co-investors such as MIT Solve, Sanofi, Johnson & Johnson Impact Ventures, and others on these rounds.
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