The Prospect iLab comprises a variety of programs and tools that allow students to explore the areas of Science, Technology, Engineering, Art, and Mathematics (STEAM) with engaging projects and open tinkering time. The iLab is centered in the room right next to the library but has mobile components that allow students and teachers to work on STEAM concepts across the school grounds.

During the school day, teachers incorporate STEAM projects and concepts into different areas of the curriculum. Students in grades 1-5 will also typically have class in the iLab once each week.