Living Labs are collaborations of public-private-civic partnerships in which stakeholders co-create new products, services, businesses and technologies in real life environments and virtual networks in multi-contextual spheres. This paper describes the Living Lab approach and shows the advantages generated with the integration of all elements of the value chain within a Living Lab. Moreover, best practices regarding suitable methodologies for Living Labs are presented. Subsequently, the relevance, advantages and chances of networking multiple Living Labs is discussed. The authors conclude with Chapter 4 highlighting further research needs related to the Living Lab approach and the networking of Living Labs.
