What is a team exploring new technologies within a corporation called?

A team exploring new technologies within a corporation is commonly referred to as a Corporate Innovation Lab. This term captures the essence of a dedicated space or group within a company that focuses on innovating and adapting emerging technologies to enhance the company's products, services, or processes.

Corporate Innovation Labs are designed to foster creativity and experimentation, focusing on identifying and implementing new ideas while leveraging the existing resources of the corporation. These labs often bring together interdisciplinary teams to work on specific challenges, encouraging collaboration and a forward-thinking mindset.

While other terms like Innovation Hub and Research and Development Team might seem relevant, they have more general meanings and may not specifically indicate a structured approach to exploring new technologies within a corporate context. A Tech Incubator typically refers to a program or environment that supports startups and early-stage companies, rather than a specific initiative within an established corporation. Therefore, the term Corporate Innovation Lab accurately reflects the specialized function of a team focused on exploring and implementing new technologies within an organization.