Innovation capacity is considered a distinctive driver, for organizations, to face the challenges of the current, increasingly complex, scenario. In such perspective, several researchers emphasized the importance of learning orientation, knowledge sharing, and learning environment as key determinants of innovation capacity. In this vein, developing learning spaces and learning environment fostering knowledge and learning dynamics, become a key objective of public and private organizations. In this prospect, this study aims to provide a comprehensive and holistic view of the distinguishing dimensions of a learning spaces, enriching the findings emerged from the literature review that, through the lens of a conceptual descriptive framework, identify dimensions and features that characterize effective learning spaces supporting the development of innovative capacity. The research is carried out through a multiple case study, involving learning spaces designed and developed in Finland. The findings provide an integrative picture of a descriptive conceptual framework that supports the identification of the relevant dimensions to manage and evaluate. Specifically, in terms of theoretical implications, it aims to guarantee and enhance the effectiveness of a learning space supporting the development of more effective and impactful guidelines for management and decision-making. Then, in terms of managerial and policy implications, the analysis of the conceptual model developed and discussed can be helpful to different actors aimed at developing effective learning spaces to foster innovation capacity of public and private organizations.