This first concept is codenamed "N," and all we know about it at the moment is that it's a wearable device with a hands-free interface. It promises a new way of experiencing music and sound without having to insert anything in your ear. You can watch its teaser trailer below, but it doesn't really shed light on what the device looks like -- not that you'd have to wait too long to find out. Since Future Lab intends to solicit feedback, we'll likely see and know more about "N" on the program's website, Facebook and Twitter accounts after its SXSW debut.

Sony has other product development programs in place, launched in an effort to conjure up new hits for the company. One of those is the Business Creation department it introduced in 2014, which offers employees the chance to get their most innovative ideas realized. The company also opened up a crowdfunding and e-commerce platform last year that internal teams use to raise funds for their experimental devices.