The CEU InnovationsLab (iLab) is the startup incubator of Central European University, and the flagship of CEU’s university innovation ecosystem unparalleled in Hungary and Central Europe. The iLab is an innovative and integrative community where entrepreneurs learn from fellow entrepreneurs and mentors as they grow their businesses. Where CEU students, alumni and faculty can be startup founders. Where established firms can try out new ideas. Where we learn and teach innovation and entrepreneurship by practicing it. The iLab was named Best Accelerator and Incubator Program in Hungary at the Central European Startup Awards 2017. It was the only university incubator to be nominated for Best Accelerator and Incubator Program in Central Europe. The iLab is not just an incubator but so much more. It is a university-wide learning-by-doing platform that nurtures a culture of innovation and entrepreneurship, offers first-hand experience with creative and agile ventures, and helps explore new career paths in business and social entrepreneurship. It also pursues innovation and entrepreneurship-related research, with resulting case studies built into the curricula of CEU’s degree programs. Part of the top-ranked Department of Economics and Business, the iLab is a true community builder with close ties to many other CEU departments including the Department of Legal Studies, the Department of Environmental Sciences and Policy, and the Center for Network Science. CEU is a US-accredited graduate university in Budapest and Vienna. In economics, it is Top 200 and CEE Top 3 in the QS and ShanghaiRanking subject rankings. The MS in Business Analytics and MS in Finance are ranked #50 and CEE #1, and #89 and CEE #3 in the QS Business Masters rankings. Ranked #2 most international by Times Higher Education, CEU has 1,500 students and 300 faculty from 130 countries.