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Glossary

Incubator

Incubators assist early-stage startups by providing advice and financial support. Incubator schemes typically run in multiple stages. Startups received coaching and mentoring as well as access to a network access to improve their marketability early.

Innovation

Involves the need to develop new ideas and processes that create significant added value for companies, markets or society and, on the other hand, provide new approaches to existing structures. Innovative products are also characterized by originality, usefulness and a transformative character. These properties often go hand in hand with the use of new technologies.

Innovation Parks

An innovation park is an area where businesspeople and researchers meet to boost innovation. Such institutions facilitate the transfer of knowledge between different actors and advance technological developments.

Investor Relations

Investor Relations (IR) is a strategic management task that encompasses the communication and relationship between a listed company and its investors, analysts and other financial stakeholders. The aim is to create transparency, grow confidence and optimize capital costs.

IPO

An initial public offering (IPO) is when a company goes public. Startups hope to increase their popularity and raise more funds by going public.  Before the IPO can take place, the company must be valued and a starting price for the shares must be set.

Iteration

Iteration is a concept in software development and project management, in which a process or series of steps are undertaken to gradually improve and achieve the desired result.

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