Discover, Develop, Deploy
WHAT IS AN INNOVATION LAB?
This award-winning programme uses the power of open innovation and collaboration to solve business challenges, generate efficiencies, design new product offerings, and improve customer experiences.
L Marks helps businesses discover, develop and deploy these valuable advances through a rapid collaboration over 10 weeks. We leverage the startup and scaleup community that developed new technologies and solutions globally.
WHY DO AN INNOVATION LAB?
Facilitated collaboration with agile and innovative partners leads to tailored solutions for implementation into the business, while also introducing new ways of working which, in turn, drives continuous innovation.
With up to 10 startups working across four or five challenges identified with the client, the Lab makes a huge impact on organisations. Not only they involve several business units, but also they attract the attention of high numbers of employees.
We have a tremendous impact, and the quality of the solutions produced is reflected in its success in galvanising the business.
Partnering with external innovators gives you access to the collective ideas and solutions across the world. A facilitated Lab programme allows you to explore and validate emerging ideas in a fast and cost effective way.
The Innovation Lab derisks the innovation process while allowing you to benefit from not only the potential solutions it provides, but also the cultural impact and new ways of working which, in turn, drives continuous innovation.
HOW DOES IT WORK?
We support our clients to organise and facilitate a programme that meets their goals and strategic objectives. Our innovation methodology is at your disposal and we work with you to customise it to the needs of your business. L Marks also provides a multidisciplinary team to facilitate the journey from beginning to end.
We work with our clients to articulate challenges and opportunities. We understand and categorise these challenges and then provide a global scout for the best technological solutions to them.
Our scouting team uses a vast network, databases and hundreds of community partners to identify start-ups and scale-ups. The scouts determine those who are well placed to work alongside the client to develop, adapt and deploy their product in the market
Startups selected to join the Lab work closely with stakeholders from across the business, gaining an in-depth understanding of its current operations and innovation objectives. L Marks facilitates the delivery of the innovation initiatives in the Lab.
In 2018, we were delighted to be chosen to partner with Lloyd’s, the world’s leading specialist insurance and reinsurance market.
The vision was to create a new programme to meet the unique and rapidly changing needs of the Lloyd’s market. The Lloyd’s Lab is now a thriving ecosystem of insurers, brokers, InsurTechs and mentors. Over the years, it became the key avenue for the creation of new concepts, ideas and products in the market.Learn more
Get in touch
Get in touch with us to discuss Innovation Lab opportunities for your company.CONTACT US TODAY