Innovation Lab (various organizations)

An Innovation Lab is a dedicated space within an organization where new ideas, technologies, or methods are developed and tested. It encourages creative thinking and experimentation to solve problems or improve services. These labs often bring together diverse teams to collaborate on projects, using a flexible environment to quickly prototype and refine solutions. The goal is to foster innovation that can be implemented across the organization, helping it stay competitive and adapt to changing needs or opportunities. Examples include corporate innovation centers, government innovation hubs, and research labs in universities.