This article describes initial success in developing an interdisciplinary studio for teaching collaborative creativity and design, with faculty from multiple departments co-teaching and co-mentoring interdisciplinary student groups engaged in social innovation. The rationale for developing this studio has been to prepare students for the kind of interdisciplinary creativity that will be essential to their careers post-graduation. Some have argued that universities are becoming increasingly irrelevant; the author argues for the critical role of universities in preparing students for successful integration into the innovation economy. To meet this challenge, we need to evolve as institutions and individuals in how we teach and conceptualize the creative design process.