Innovation Lab: Everything You Need To Know And More

Innovation labs are physical spaces that encourage the development of new ideas, but creating a successful one is more complex than just providing a gym, a coffee bar, and some bean bags. While such spaces can help attract and retain talent, they need to be structured around a clear strategy that resonates with the company's overall objectives, and provide a safe environment that encourages experimentation and failure. Diversity, leadership, and a data-driven mindset are all also key success factors. Two pioneering and successful innovation labs, Autodesk and MindLab, provide good examples of how to achieve these goals.