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Speed networking (or speed business meeting) is a meeting format designed to accelerate business contacts, generally with a bell.
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I recently attended a Lock and Key event at Blue Martini in Brickell.
And yes, the females wear lock necklaces while the men wear keys.
Meanwhile, in the United Kingdom, speed networking was introduced by Michael Piddock, future founder of event technology company Glisser, to increase employee-to-employee connections in corporate events.