INNOLAB is a comprehensive research project run since 2007.
Individual inventors and innovators in successful companies face the constant challenge of successfully implementing innovations. Companies must consider and rise up to challenges such as the need for additional competence due to a lack of specialist knowledge, efficient time management and cost calculation under the constant pressure of business success. INNOLAB is considered the first contact for inventors and bearers of ideas who are looking for professional support for their personal and partly challenging invention and innovation process.
This project is supported by the City of Graz and the Styrian Economic Chamber (Wirtschaftskammer Steiermark) and aims to provide support to new and potential entrepreneurs and to promote their innovations. INNOLAB customers range from private individual inventors and young entrepreneurs in the start-up phase to successful SMBs.
The service portfolio encompasses the search for checking the feasibility of ideas, technical developments and structures as well as market research, marketing strategy design and business plans. The services offered cover the entire innovation process from generating the ideas to implementing them and are only provided through teaching and including students.
Since the project launch in November 2006, approximately 250 inventors have been supervised and numerous support projects conducted. Consequently, an essential research topic of the Degree Programmes in Innovation Management is derived from the research and activities done within the scope of INNOLAB.
The process models presented in existing innovation management literature always describe the innovation process from an organisations/company’s perspective. Through the data and experiences collected through INNOLAB however, the innovation process is described from an inventor’s perspective. By identifying essential success factors, appropriate support measures can be developed for inventors in business and politics.