This document summarizes plans for an open innovation lab called Pangloss Labs. The lab aims to (1) provide a shared resource for local entrepreneurs to prototype physical ideas using digital fabrication tools like 3D printers, laser cutters and CNC machines, (2) stimulate local innovation through creative workspaces, and (3) insert itself into the local industrial ecosystem in Geneva to help revive prototyping and innovation in industries like watches. The founders intend to establish Pangloss Labs as a non-profit association or foundation with locations in Ferney-Voltaire, France and Geneva, Switzerland to provide these resources and workspaces to local innovators and entrepreneurs.