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 trends, encouraging participants to think outside the box and explore unconventional solutions. Typically found within organizations, universities, or as standalone entities, innovation labs may host workshops, hackathons, and brainstorming sessions. They often collaborate with startups, research institutions, and industry experts to drive progress and address real-world challenges. The goal is to accelerate the innovation process and bring fresh concepts to market.