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.
Glossary entry
What is ideation and why is it important for innovation?
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?
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?
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?
Growth hacking is a marketing technique used by start-ups to achieve rapid growth and user acquisition with creative, cost-effective strategies.
What is the gross burn rate and why is it important for start-ups?
The gross burn rate measures the monthly spending pace of a startup without taking income into account. It provides information about the speed at which the company is using up its cash reserves and is crucial for the capital life cycle and financial strategy.
What is green tech, and what role does it play in sustainable innovation?
Green tech, short for green technologies, comprises start-ups and companies that develop innovative solutions and technologies to address environmental problems and promote sustainable development.
What is a go-to-market strategy and why is it important?
A go-to-market strategy is a comprehensive action plan that outlines the steps a company will take to successfully bring its product or service to market and communicate it effectively to its target customers.
What is fundraising and why is it crucial for start-ups?
Fundraising: Raising capital for growth - Fundraising is the process by which startups raise funds from investors, such as venture capital firms, angel investors or crowdfunding platforms, to finance growth, product development and market launch.