- “We don't know anything... that can't be imagined.”
- ―Imagination Institute slogan
Originally established at least a century before the events of Honey, I Shrunk The Audience, the Imagination Institute was established as a place for top scientists, futurists, inventors, artists and other forward-looking individuals to experiment, surmise, innovate and create and also dedicates itself to studying the Imagination. It generally keeps its research behind closed doors, except for its annual Inventor of the Year Award and Open House events.
Past recipients of the Inventor of the Year Award cited in Audience's preshow have included Tom Edison, George Washington Carver, and Walt Disney. A number of characters from Disney's science-fiction comedies are also associated with the Institute. Aside from the connection to the Honey, I Shrunk the Kids franchise, a number of characters from Medfield College are referenced in Institute attractions.The Institute prides itself on scientific excellence, but that rarely goes to plan, especially in the case of Figment.