The lab of tomorrow is run on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ). To contribute to the Sustainable Development Goals which address the world’s most pressing issues, the lab of tomorrow encourages the private sector to engage in translating development challenges into business opportunities.
Launched in 2015 by the Deutsche Gesellschaft für International Zusammenarbeit (GIZ) GmbH, the lab of tomorrow works by taking advantage of agile methods, openness and innovation. In short: new ways to new business.
The mission of the lab of tomorrow is to create shared value by combining sustainability with profit. To do so, we support European private sector business ventures that are eager to solve concrete problems in developing and emerging countries. Thereby, we are convinced that only profitable businesses will have a sustainable impact.
The lab of tomorrow’s mission is to create shared value by combining sustainability with profit, because we believe that only profitable businesses will have a sustainable impact. To create this value and achieve these impacts, we support European private sector business ventures that are eager to solve specific problems in developing and emerging countries.
As our partners in developing and emerging countries tell us, there are many hidden business opportunities in these countries waiting to be tapped by innovative entrepreneurs. Seizing these opportunities is particularly promising because the growth potential of an innovative business concept is usually higher in developing countries than in western industrialised ones where the markets are often saturated.
To find out more about how our approach works, watch this video:
You can’t argue with success: Since our foundation in 2015, we have successfully run seven innovation labs with a total of around 300 participants, including 165 company representatives. These labs resulted in 42 promising business models, 24 of which went into testing. Subsequently 12 of the 24 were developed as business ventures and are currently being piloted in their target countries.
Based on this experience, we know exactly how to support our participants according to their individual needs. Aspiring entrepreneurs as well as multinational companies believe in our innovative approach. For example, in 2016 we entered into a long-term partnership with Merck, and at different times SAP, Boehringer-Ingelheim, Siemens and TUI have all been reliable lab of tomorrow partners.
The lab of tomorrow is looking for ambitious entrepreneurs, intrapreneurs and experts with a strong entrepreneurial spirit, open minds and interdisciplinary expertise. If you are eager to make a difference in developing countries, we look forward to linking you up with our global community and helping your business venture succeed.
Curious? Sign up to become part of the lab of tomorrow community.