The term innovation comes from the Latin innovare meaning 'to make something new'. Modern day understanding is that innovation is a process of turning ideas into new opportunities for value creation and of putting these into widely used practice. Innovation is the new mantra. Understanding innovation requires multiple perspectives; from culture and mindset, social and commercial context, new ways of working. Innovation is a journey; drawing on insights from around the globe is essential to accelerate our progress. Innovation centers have enormously breeding grounds for new product ideas.

LBRCE initiated to establish Innovation Center with the growing awareness of "The need to innovate to stay relevant". LBRCE started an innovation center named as "LBRCE-Innovation Center" which acts as a bridge between the institute and the world, serving as a ideation center for innovation.

The Center focus on creating new innovative products and services, formation of new and viable IT start-ups, creation of new and value-added jobs, supply of qualified graduates, encouragement of e-services provision and formation of information society in the country through initiation and implementation of various targeted projects and activities.

In This center students and researchers take early stage ideas to the next level and investors find new ideas to sponsor.

LBRCE-Innovation Centers facilitate to bring together experts in different fields around a common goal: New Product Ideation and Experimentation