What: After 10 years of operations, Ikea closes its innovation center which reached its goals.

Why it is important: this relates to how to deal with innovation in large companies, and how to create a favourable environment that impacts the rest of the company.

Ikea is closing its innovation platform, Space 10, located in Copenhagen, after achieving its goals. Space 10 was established in 2014 as a collaboration between Ikea and Danish design collective ArtRebels. It operated independently and focused on how Ikea could contribute to a better future. The lab worked on various projects, including the development of the Ikea Place virtual reality app and exploring city store concepts. With its objectives met, Space 10 is closing on a high note.

Ikea closes its Copenhagen-based innovation center after 10 years