Innovation centers have entered the mainstream. According to our research, 87% of companies have a lab or space dedicated to innovation. Since our last research in October 2016, we have tracked a 27% growth in innovation centers.

Innovation center growth

However, while this enthusiasm for innovation centers is encouraging, it is results that count. It is important to understand the value delivered and
establish whether innovation centers are critical strategic priorities, or whether some are more of a PR exercise designed to showcase the company’s
commitment to “innovation.”

In this latest edition of our research series on innovation centers, we look to answer a number of questions:

  • Are organizations becoming more innovative as a result of their investments in innovation centers?
  • What is holding organizations back from achieving innovation maturity and turning investment into results?
  • How can organizations maximize the value from their innovation efforts and investment?