BUZZWORDS

Full list of words to understand all Smart City related buzzwords 🙂 Includes everything you can meet during a discussion with innovation geeks.

The Academy of Innovation include universities, research institutions, or private organizations that offer training, education, and support to individuals seeking to develop and apply innovative solutions to complex problems.

The Academy of Innovation is based on the belief that innovation is essential for progress and growth, and that individuals can be trained and empowered to think creatively and develop new ideas and solutions. This may involve fostering skills such as critical thinking, problem-solving, creativity, and entrepreneurship. The Academy of Innovation may offer programs and resources to help individuals develop these skills and apply them to real-world challenges.

Overall, the Academy of Innovation is an important concept in the fields of business, technology, and social innovation, reflecting the growing recognition of the importance of innovation for addressing complex challenges and driving progress and growth in society.

Development – the implementation of transformations of the real estate object, which ensure its transformation into another, a new object, which has a value greater than the value of the original object. The material and material transformations performed include: – carrying out construction or other works during the construction of buildings and implementation of landscape […]

Venture internal – A subdivision of a firm that is created as an alternative to forming an independent (separate) innovation organization. It can be allocated as a temporary target collective, having an independent budget and working according to the certain innovative program. The main goal is to ensure maximum responsibility for the progress of the […]

Garden city – Intended to be a planned, self-contained community surrounded by “greenbelts”, containing proportionate areas of residences, industry, and agriculture. Garden city movement One of the movements that emerged in response to the terrible urban growth in Victorian Britain. The goals of the movement are articulated in Ebenezer Howard’s book To-morrow: A Peaceful Path […]

Edge Layer An architectural shift in IoT that breaks the norm of the traditional client-server model. The edge layer is the first layer that devices connect to before moving to the server. It is responsible for connecting devices and managing data collection and connections to the server.

Business Angel – Individuals investing in new businesses, including venture capital firms. These are professionals with experience in business: successful entrepreneurs, highly paid business professionals (accountants, consultants, lawyers, etc.), and senior executives in large companies. They use their funds (savings) for investing, which can range from several tens to several hundreds of thousands of dollars. […]

Bench marketing innovations – studying the business of other entrepreneurs to identify the fundamental characteristics of competitors’ management activity, their innovation activities to form the innovative activity of their organization, priority innovations through legal borrowing – acquisition of patents, licenses, know-how, copyrights – and illegal borrowing – industrial espionage, copying of copyrighted developments. Translated with […]

Solar power is one of the largest alternative energy and renewable energy sources (RES) segments. Today, it is customary to distinguish between three main solar energy technologies: solar energy can be used to generate electricity (photovoltaics, PV), to obtain concentrated thermal energy for subsequent power generation (concentrated solar power, CSP), or direct heating of the […]

One of the widely used protocols for interaction between IoT devices (Internet of Things) or IoT devices and the external environment is a protocol CoAP – Constrained Application Protocol. Introduction CoAP protocol was created by The Internet Engineering Task Force (IETF) Constrained RESTful Environments (CoRE) working group in June 2014. The standard of this protocol […]

A business plan – is a document containing structured technical, economic, financial, and organizational information on an investment or innovation project, necessary and sufficient to decide on the implementation of the project. The business plan reflects the objectives, the proposed activities, the values of the necessary resources, financial projections, etc. for projects for the creation […]

Business incubator (technological incubator) – a special organizational structure within a technopark or technopolis, created to support small innovative businesses at the first stages of their formation. The main functions of a business incubator are: 1) provision of developers with equipped workplaces, office services (telephone, office equipment, Internet access, record keeping services, secretarial and other […]