In 2020, Philips Foundation formulated a strategic plan for its next phase of development, expressing the ambition to provide access to quality healthcare for around one hundred million underserved people annually by 2030. To this end, and in line with Philips’ aim to expand access to care for 400 million people in underserved communities, Philips Foundation extended its strategy with the intention to explore opportunities for impact investment. As a result, Philips Foundation has now incorporated a wholly-owned subsidiary, called Philips Foundation Impact Investments B.V. It will be centered around SDG 3 (good health and well-being) and SDG 17 (partnerships for sustainable development), and will invest in social entrepreneurs that can help to scale promising initiatives.
“By creating this social impact investment vehicle, Philips Foundation is underlining its commitment to find innovative ways to provide access to quality healthcare for around a hundred million underserved people annually by 2030,” said Margot Cooijmans, Director of Philips Foundation. “Through focused investments in social enterprises at a proof-of-concept or early-scale phase we expect to accelerate the progress of potentially high impact access-to-care opportunities and reduce healthcare inequality. The primary objective will be to create impact by exploring innovative ways of creating access to quality healthcare for people that hardly receive any medical support.”
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