Late in 2011, Harvard embarked upon a new experiment: build a laboratory to foster multidisciplinary innovation across the university. The result? The Harvard iLab. The iLab is part incubator, part accelerator and part flex office space, but all of none of these. Like a flex office space, there is work space, a kitchen and conference rooms galore for the use of residents, but there isn't the commercial infrastructure you see at places like the Cambridge Innovation Center or Regus. And the space is much more flexible than typical with almost everything literally on wheels to better support instant reconfiguration. The iLab is also similar to incubators like Ycombinator in that the staff goes to great efforts to provide an abundance of resources for the residents ranging from legal advisors, technical advisors, business consultants and more. And finally, like an accelerator such as the Microsoft Accelerator, the iLab provides access to capital but not directly through a captive fund but instead through tireless matchmaking and coaching.
Read MoreFurqan Nazeeri is a Partner at Extension Engine. He regularly speaks on innovation in online learning and has 20+ years of experience building and managing high-performance teams. Prior to Extension Engine, Furqan was a founder/CEO of VC-backed Pivot Inc. (acquired by NASDAQ:CME) and EIR at Softbank Capital. He has a BSE in aerospace engineering from the University of Michigan and an MBA from Harvard University.
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