Technical Terms

API (Application Programming Interface): A set of protocols and tools that allows different software applications to communicate with each other.

AR/VR/XR: Augmented Reality, Virtual Reality, and Extended Reality - technologies that blend digital and physical worlds in various ways.

B2B/B2C: Business-to-Business and Business-to-Consumer - different market approaches for companies.

Blockchain: A distributed ledger technology that maintains a secure and decentralized record of transactions.

Deep Tech: Technology based on substantial scientific or engineering challenges, requiring significant R&D investment.

Dropshipping: E-commerce fulfillment method where stores don't keep products in stock but transfer orders to suppliers.

Fintech: Financial technology - innovation in financial services through technology.

IoT (Internet of Things): Network of physical devices embedded with sensors and software that connect and exchange data.

SaaS (Software as a Service): Software distribution model where applications are hosted by a service provider and accessed via internet.

Scale-up: A company that has validated its product/market fit and is experiencing rapid growth.

Unicorn: A privately-held startup valued at over $1 billion.

3PL (Third-Party Logistics): Companies that provide outsourced logistics services.

5G: Fifth generation cellular network technology offering faster speeds and lower latency.