Speed Networking is a formalized networking process or system whose purpose is to encourage people to meet a large number of new people as a way to help organizations understand similar business objectives and synergies. Speed Networking offers participants and agencies an opportunity to have focused private meetings with targeted groups in a compact time frame.
Prior to the event participants submit to the organizers their agency contact information, purpose, and mission statement for formatting into a one page handout. During the event this handout is exchanged to start each session.
Individuals are rotated to meet each other over a series of short "One on One Networking Sessions" lasting approximately 5 minutes depending on the organization running the event. At the end of each interval, the organizer signals the participants to move on to the next "One on One Networking Session".
These events typically require advance registration, however, walk-ins can be considered.
Speed Networking has some obvious advantages over most other networking events in that organizations and individuals are purposely there to meet each other, it is time-efficient, and the structured interaction eliminates the need to stay focused and listen while a room of individuals introduces themselves and their organization one at a time.
Because the networking itself can happen both during and after the event, people do not feel pressured to interact with an audience on a topic that may be irrelevant to their needs.
The time limit ensures that a participant will not be stuck in a none-related conversation for very long, and prevents participants from monopolizing one another's time. On the other hand, agency’s that have compatible needs, and can offer mutual benefits can plan follow-up meetings to further their discussions.
Speed Networking matches all agencies and individuals at random, and participants will meet other participants that they might not normally meet or talk to.