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What is Innovation Center

Encyclopedia of Organizational Knowledge, Administration, and Technology
It is a space where organizations of any kind establish labs or spaces for makers (makerspaces) on their own campuses. Oftentimes, corporations use an innovation center to showcase their own innovations or new products to employees, investors or even customers. And, as spaces for innovation, innovation centers typically include the latest technologies and tools for employees to use to experiment or iterate on their ideas or see how else they might apply the technologies in their businesses. An innovation center also serves as a space where people can gather and where design thinking for innovation can directly happen, meaning it is designed to host brainstorming sessions, design sprints, or innovation workshops.
Published in Chapter:
Knowledge in Science and Technology Parks
Ricardo Martinez-Canas (University of Castilla-La Mancha, Spain), Pablo Ruiz-Palomino (University of Castilla-La Mancha, Spain), and Maria Angeles Garcia-Haro (Open University of Cataluña, Spain)
DOI: 10.4018/978-1-7998-3473-1.ch109
Abstract
Science and technology parks (STPs) are considered as a kind of public-private partnerships designed to increase regional wealth and technology start-ups growth in developed and/or in developing regions. The main aim of these institutions is to reproduce the successful factors of regional phenomena such as Silicon Valley or Boston's Route 128. These institutions are focused on fostering knowledge flows, mainly among tenant institutions, as well as between tenants and nearby external institutions. The main objective of this chapter is to shed some light in the role of STPs as specialized institutions leveraging knowledge creation and diffusion. First, the origin and evolution are analyzed. Second, the evolution and typology of models of STPs are showed. Finally, conclusions and future research directions will be proposed
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