Innovation Hubs are components of companies which are geographically separated from the latter. They could also be described as outsourced premises with different process structures and a different working atmosphere. The goal of working in Innovation Hubs is to develop and advance innovations of all kinds relevant to the respective company. Innovation Hubs are staffed by employees from different locations, new employees but also external employees such as freelancers who bring ideas and existing know-how with them. By distinguishing the company from the daily business of the group and by consciously injecting a start-up atmosphere, more room is created for innovative thinking. The difference between Innovation Hubs and Innovation Labs is that Innovation Hubs are designed to create innovation by networking internal and external expertise. Innovation labs function similarly in terms of startup culture and are also distinct from day-to-day business, but are more likely to “play through” internal innovations before they are implemented throughout the company.

See also (glossary External Digitalization):

 

 

Jan

My name is Jan Puder (LinkedIn profile Jan Puder). I am the founder & CEO of the BusinessTech-Company. Me and the BusinessTech-Company want to push the digital frontier. This is the reason, why I started this website. I want to provide information about digital businesses, especially for Chief Digital Officers.

Latest posts by Jan (see all)

Back to Glossary Index Page