Definition of Innovation Lab

✅  Related keywords: open innovation, co-creation, think tanks

📖  What is an Innovation Lab?

A highly-effective tool to innovate collectively, innovation labs are used by corporations, NGO’s, and think tanks to tackle large, complex problems. Most innovation labs use an open innovation model, which is guided by a central question or theme. An example of an innovation lab is The Finance Innovation Lab in London, which aims to tackle questions relating finance to people and the planet.