''Each firm deserves a dedicated place where they can find the space and time to pursue their Innovation efforts''

What we're solving for.
Frequently Stated Challenges by clients:

⚠️ Lack of space & time
''We're finding it hard to drive innovation in our core operations.''

⚠️ Lack of space & time
''Our current structure lacks a dedicated space for experimentation, creative thinking, and development of novel ideas.”

⚠️ Lack of talent
‍''We're facing challenges in attracting and retaining the innovative talent we need.''

⚠️ Poor results
''Our previous attempts at innovation haven't lived up to our expectations."

Explore Solutions

What is an Innovation Lab?

‍Defining the Innovation Lab
‍
‍An Innovation Lab is a dedicated environment—be it physical, virtual, or a blend of both—where organizations can nurture, prototype, and test new ideas outside of their standard business procedures.

It’s a fusion of cutting-edge technology, creative talent, and a culture of continuous learning and iteration.

‍Different Types of Innovation Labs

1. Corporate Innovation Labs
Companies like Google with their Google X lab delve into futuristic projects, pushing the boundaries of what's possible in technology and business.

2. Collaborative Labs
Entities like Barclays Rise, where several startups come together in a co-working space, benefiting from shared resources and collaborative opportunities.

3. University-affiliated Labs
Institutions like the MIT Media Lab, where academia and industry intersect, leading to breakthrough research and prototypes

4. Public Sector Labs
Government-backed labs such as the US Digital Service, focusing on improving government operations and services using innovative tech solutions.

When Do You Need an Innovation Lab?

In the rapidly evolving business landscape, staying ahead of the competition is no longer just about scaling; it's about innovating.

For companies striving to be at the forefront of change, the question often arises: Is it time to invest in an Innovation Lab?

Here are some signals to consider:

📉 Stagnant Growth in Core Operations
If you find that growth within your core operations has plateaued or is slowing down, it might be time to explore new avenues. An Innovation Lab can breathe life into stagnating areas by experimenting with fresh approaches and solutions.

⛔️ Lack of Space for Creative Exploration
Every team needs room to brainstorm and experiment. If your company doesn't have a dedicated space or platform for creative exploration, an Innovation Lab can offer that essential playground for ideas.

🙋 Challenges in Talent Acquisition and Retention
The brightest minds are drawn to places where their ideas can flourish. If you're facing challenges in attracting and retaining innovative talent, creating a dedicated space for innovation can become a magnetic pull.

🤕 Disappointing Outcomes from Past Initiatives:
Not every innovation attempt will be a home run. However, if previous initiatives have consistently missed the mark, it might be time for a structured approach. Innovation Labs can bring method to the madness, helping fine-tune the innovation process.

🚀 Upcoming Market and Technological Shifts
‍The business world is never static. If you foresee significant market or technological shifts on the horizon, establishing an Innovation Lab can help you prepare, adapt, and capitalize on these changes.

Activities Within an Innovation Lab

Real-world Case Studies

Philips HealthWorks: A part of Philips, this lab focuses on breakthrough innovation, especially in healthcare technology. They collaborate with startups and experts to address healthcare challenges.

‍Ford's Greenfield Labs: Collaborating with Google and other tech giants, Ford explores the future of transportation, focusing on areas like self-driving cars and smart infrastructure.