Home Depot, IKEA, and Accenture are examples of major companies with innovation labs. The labs are designed to attract the brightest minds in technology, giving them a place to channel their entrepreneurial spirit with the security of working for an established organization. Companies benefit too, because they’re less likely to lose their top talent to the startup world. Alphabet, Google’s parent company, has a famous innovation lab called X.
“It’s like being an entrepreneur,”