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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.
Speed networking can be based on one of three models: meeting random attendees sequentially in a round robin, meeting with specific people based on preassigned match ups (the first two models are one-on-one), or a third assembly-based model where individuals speak to a preselected group.
Most speed networking events begin in the style of a more traditional meeting: an open room for mingling.
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.