Living Lab - Concise Summary
Definition:
- A Living Lab is an open innovation ecosystem centered on user engagement and real-life environments.
- It facilitates collaboration between various stakeholders (e.g., companies, public institutions, users, and researchers) to co-create, test, and validate new products, services, or processes.
Key Characteristics
- User-Centric: Actively involves end-users in the innovation process.
- Real-Life Setting: Testing and development occur in real-world environments, not in controlled labs.
- Multi-Stakeholder Participation: Brings together different sectors (private, public, academic) to collaborate.
- Iterative Process: Innovation is a continuous, cyclical process involving multiple stages of feedback and improvement.
- Sustainability Focus: Often aims to address complex societal challenges, including sustainability, health, and urban development.