With “innovation” as the byword for country’s growth, many schools are leaning into the concept of an innovation lab. They’re opening new departments for their schools that are entirely dedicated to the pursuit of new ideas, products, and services.
Innovation labs—also known as hubs, incubators, or accelerators—are business units that employ the methods of agile startups, with the goal of devising novel ideas that can either disrupt or complement the overall company.
Innovation labs function in many different ways. They can operate completely separately from the parent school, or be set up internally and staffed with existing students. They can also refer to programs set up for internal students to ideate.
Companies can also leverage the knowledge of cutting-edge experts in the field, such as academics. Eighty-one percent of companies, according to BCG, partnered with academics, and 83 percent partnered with other companies, up from 60 percent and 65 percent, respectively, in 2015.
Innovation Labs for Schools
Building the Future of Home Improvement
At IHC’s Innovation Labs, we explore how emerging technologies can advance home improvement; rapidly prototype solutions and put them to the test in real-world, living labs; and scale solutions .
Our expertise and partnerships in advanced visualization tools and experiences, like augmented and virtual reality, and other emerging technologies, including robotics, computer vision, spatial computing and more, enable IHC’s to solve everyday challenges in entirely new ways.
What Innovation Lab Consists of?
Innovation lab consists of different STEM learning products for teachers & students.
For Teachers, the innovation lab provides teaching aid, a dedicated mobile app, a teacher’s training program, etc.
For Students, the innovation lab provides practice sheets, Science DIY kit, assessment, and 13x 7 support and guidance
Why Innovation lab is a Good Choice for you?
They also signal to students and potential student that a school is committed to changing for the future. That helps attract and retain talent, particularly from the younger workforce who increasingly want to work for forward-thinking, fast-paced schools.
Innovation in business is important because it makes it more likely for companies to grow, increase revenue, and be protected from competition and disruption. It’s a lofty goal that is difficult to execute, particularly for large companies that may have done business the same way for many years. Innovation labs offer an opportunity to inject a fresh outlook into an organization—a big reason for their recent proliferation.
How Does Innovation Lab Work?
An innovation lab is tasked with coming up with new ideas, executing them, and iterating until the idea is fully executed or integrated into the business. Those who work in the lab draw from cross-functional expertise and collaborate to create products and services, often for the parent school. The innovation lab may also conduct market research, or keep abreast of potential disruptors in the field. Often, it does a mixture of both. A bank may use its innovation lab to create a smartphone app that makes it easier for consumers to manage their money. A telecom company might use its lab to create and test out different types of customer service technology.
How to Set Up a Innovation Lab at School?
If a school is interested in setting up Innovation lab then they can write to us at firstname.lastname@example.org for more information about the cost or give us a call at 7749850444 for more details regarding the set-up of an Innovation Lab.
What Type of Benefits Innovation Lab Offers to Students?
The students will get a chance to learn the following things:
Develop a solid foundation of STEM learning at an early age
Learn alternative ways of understanding some concepts i.e learn-by-doing.
Teach the innovative ways of problem-solving.
Getting them job-ready for the future by teaching them useful skills.
Making them capable of solving real-life problems by inducing good technical skills.
Make them better decision-makers of tomorrow.
Understand complex science concepts with ease and interest.
Improves visualization and imaginative power of the young innovator
Innovation Lab is a wonderful STEM learning approach that makes learning fun. It also issues a report card that will help the teacher to assess the student’s performance throughout the session and make a list of things that the kid needs to improve in order to perform better. There is also a facility of the principal dashboard that will allow effective monitoring with unlimited support and guidance.
So, you have learned about the benefits of opting for Innovation lab.
So, what are you waiting for?
Don’t miss this opportunity & let’s innovate with Innovation Lab
Give us a chance to lead you into the bright future of Experiential Learning!
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