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What are incubators and how do they support start-ups?

by innoWerft | Feb 14, 2024 | Glossary entry

Incubators are specialised institutions or programmes that support startups in their early stages of development by providing access to resources such as office space, mentoring, networks and sometimes seed capital.

What is ideation and why is it important for innovation?

by innoWerft | Feb 14, 2024 | Glossary entry

Ideation is the creative process of finding and developing ideas in which start-ups generate concepts and solutions to create new products, services or business models.

What is the hockey stick effect, and why is it significant for start-ups?

by innoWerft | Feb 14, 2024 | Glossary entry

The hockey stick effect describes a growth curve in the economy, and particularly in start-ups, that shows a sudden and sharp increase after initially moderate growth, similar to the shape of a hockey stick.

What is a hackathon, and how does it promote innovation?

by innoWerft | Feb 14, 2024 | Glossary entry

A hackathon is an intensive event, often lasting several days, at which programmers, designers and entrepreneurs come together to work in teams on the development of new software solutions, products or services.

What is growth hacking and why is it relevant for start-ups?

by innoWerft | Feb 14, 2024 | Glossary entry

Growth hacking is a marketing technique used by start-ups to achieve rapid growth and user acquisition with creative, cost-effective strategies.

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