Innovation Labs are specialized spaces designed to foster creativity and experimentation. They provide resources, tools, and a collaborative environment for individuals and teams to develop new ideas, products, or services. These labs often focus on emerging technologies and encourage a culture of innovation through hands-on projects and brainstorming sessions. Typically found within organizations, universities, or as standalone entities, Innovation Labs aim to bridge the gap between research and practical application. They may involve partnerships with startups, entrepreneurs, and research institutions to accelerate the development of innovative solutions that address real-world challenges.