In order to provide a platform for new ideas and innovative minds, IILM provides an incubation center to students called iLabs. The premises provide infrastructure in terms of office space required by students in the initial phases of ideation. We also provide for interactions with investors and venture capitalists for feedback and possibly finance.

iLabs has incubated AlmaConnect, a networking platform for alumni of various institutions, of which IILM is also a member. Currently, it is incubating a drone project as well.