The Philips Innovation Award is the largest student-entrepreneur award in The Netherlands that is organised for students, by students. It is a platform that’s not only meant to be beneficial for winners, but where each participant can profit. The 2020 leg of the award has concluded and the Amsterdam-based AI startup Lalaland has won the 15th Philips Innovation Award. In addition, another Amsterdam-based AI startup Syntho bagged the Rough Diamond Awards.
Amsterdam-based AI startups steal the show
The winning startup, Lalaland, leverages neural networks for creating images of artificial humans. Founded by Michael Musandu and Ugnius Rimsa in 2019, the company aims to let brands save operational costs and reduce returns and changes as shoppers can personalise what they see on the screen depending on their sizes and preferences.