Mohammed bin Rashid Al Maktoum Foundation launches 'Philips Innovation Program'

Notes and media contacts

About Royal Philips Electronics:

Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a diversified Health and Well-being company, focused on improving people's lives through timely innovations. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of "sense and simplicity". Headquartered in the Netherlands, Philips employs approximately 121,000 employees in more than 60 countries worldwide. With sales of EUR26bn in 2008, the company is a market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as lifestyle products for personal well-being and pleasure with strong leadership positions in flat TV, male shaving and grooming, portable entertainment and oral healthcare.

About Berytech:

Berytech Technological Pole is the first Lebanese business development centre, providing hi-tech hosting, incubation, training and counseling to SMEs. Since its inception, Berytech become a national reference for SME support, overseeing the establishment of tens of start-ups and created more than hundreds of jobs in technology sectors such as IT and multimedia.

Berytech brings innovation, information and business together while helping people on the road to self-employment by assisting existing and aspiring entrepreneurs to identify new projects and business opportunities, develop their entrepreneurial skills, and help them access information, local and international networks as well as funding.

About MBRF:

The Mohammed bin Rashid Al Maktoum Foundation has been launched with an endowment of $10bn, as a personal initiative of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The launch of the Foundation was one of the key highlights of the speech given by His Highness Sheikh Mohammed bin Rashid Al Maktoum, during the World Economic Forum on the Middle East 2007, which took place at the Dead Sea, Jordan. Under three strategic sectors: Culture, Entrepreneurship and Employment, and Knowledge and Education, the Foundation aims to develop the knowledge and human capabilities of the Arab World, to introduce a future generation of regional leaders.

Media contact:

Kholoud Arif
Senior Media Relations Executive
JiWin Public Relations
Dir: +971 4 361 3599
Fax: +971 4 368 8001