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Participants greet each other in a series of brief exchanges during a set period of time.
During an interaction, attendees share their professional backgrounds and business goals.
Speed networking (or speed business meeting) is a meeting format designed to accelerate business contacts, generally with a bell.
Primarily, the practice involves multiple people that gather in a single space in order to exchange information.
Networkers are generally seeking exposure to new markets and/or to expand their pool of vendors.
Speed networking is often referenced as a derivative of speed dating, Speed networking, a more recent concept, arose from the combination of speed dating and business networking and is thought to have started in the United States and, perhaps, simultaneously in the United Kingdom.
Most speed networking events begin in the style of a more traditional meeting: an open room for mingling.
The host calls for the beginning of the meeting – often by use of a bell or buzzer – and the persons introduce themselves, taking turns to give a brief summary of business history and goals.
Following this open forum, during which drinks or food may be served, the event can be called to order by the host who explains the structure of the event, which differs slightly based on the available models (see below).
In general, speed networking events all have time limits placed on the interactions and a moderator that will time and announce these intervals.
In addition, if the speed networking model calls for specific movements of participants (to a preassigned table or group, for example) then the moderator would also facilitate these details.
In the round robin model of speed networking attendees meet each other sequentially. Chairs are often organized in two circles or facing rows of desks.