The UAB Innovation Lab (UAB iLab) is a partnership between the  UAB Collat School of Business and  Innovation Depot that serves as a conduit between students and the entrepreneurial community, providing students with the hands-on learning needed for success in the workplace. The iLab is located in the Innovation Depot, one of the best small business incubators in the world with over 100 companies currently operating under one roof. The exposure that UAB iLab interns and IBERIABANK iLab fellows receive to an entrepreneurial environment is unprecedented.

UAB's iLab supports students in all disciplines, promoting cross-disciplinary and cross-university collaboration. Students operating in the iLab are supported by leading UAB faculty as they engage with industry, gain new insights, and even develop their own business concepts.