A series of amphiphilic polymeric Michler's ketone (MK) photoinitiators (APMKs) were synthesized by incorporating PEO short chain, MK moiety, and coinitiator amine into the same polymeric chain. APMKs possess good amphiphilic ability and become water‐soluble when the molar ratio of MK(pipaz)2/PEO/piperazine is 2:3:1. UV–Vis measurement shows that APMKs possess the same characteristic absorption to MK derivatives. The photopolymerization of three monomers with different functionality and hydrophilicity, polyethylene glycol diacrylate (PEGDA), phenoxy ethyl acrylate (AMP‐10G), and 2,2‐bis[4‐(acryloxypolyethoxy)phenyl]propane (A‐BPE‐10) initiated by APMKs was investigated by photodifferential scanning (photo‐DSC). The results show that APMKs can photoinitiate the polymerization of hydrophilic and hydrophobic monomers efficiently. As for photopolymerization of water‐soluble PEGDA, the final conversion is higher than 94%. Therefore, APMKs will be expected to find potential in many fields. Copyright © 2009 John Wiley & Sons, Ltd.