Innovation dictionary for beginners

It is a metric used to measure the return on a specific investment, its acronyms literally mean Return Of Investment o Return on Investment.

The formula for calculating ROI is as follows:

ROI = (Profit — Investment)/Investment

If the result is less than 0, the investment has a negative return; that is, the company did not make a profit. Otherwise, the return is positive, therefore, there are utilities.

Reskilling It is an Anglicism that refers to professional retraining. That is, the training of a worker for another position, through the provision of new skills and competencies.

Digitalization is a great example of this: professionals must acquire digital skills to successfully face new functions in the company, as is happening with the uses of artificial intelligence.

La scalability It's the projection and the possibility of growth on a large scale that he has a company. It's about an organization's ability to grow in response to demands, but without losing the qualities that add value to it.

A scalable business is one that can grow your income with a minimum investment, a minimum incremental cost. Benefits are growing exponentially, but costs are increasing in a much more discreet, regular and controllable way.

Las Scaleups they are companies that have already advanced in the execution of their business model and have a certain amount of filming; businesses that have consolidated their growth both in revenues and in employees and that are now looking to scale up the model. When startups reach more than one million dollars in funding or have an average annual return of 20% or more, we talk about Scaleups. These are therefore companies that started out as startups but that move to the next level and seek expansion, reaching new markets and customers.

La Scrum methodology is one of the frameworks that can arise within the Agile methodology, and is used within teams that manage complex projects. It is a process in which a set of good practices are regularly applied to work collaboratively and deliver value in short periods of time. In short, the goal is to obtain the best possible result.

Las startups they are young or newly created companies that have great possibilities for growth and scalability, and usually have a high technological component. They are important because they lead innovation and generate disruptive changes in the business ecosystem, promote new business models and promote the digital transformation of companies.

In general terms, the IRR can be understood as the maximum interest rate at which it is possible to borrow to finance the project.

The Internal Rate of Return is expressed as a percentage and must be compared with the discount rate (k), thus obtaining the net return of the project (TIR-k).

It helps investors decide whether or not to participate in it, since its calculation allows us to compare the current value of expenses with the revenues that have been projected for later.

The target market, also called target group or target, is that group of recipients to which a specific product or service is aimed at. In their origins, target markets were groups of individuals segmented by different criteria, usually grouped by age, gender, social profile, etc.

Site occupied by industries and public or private companies dedicated to scientific and technological research, which can be visited by the general public.

La telemedicine, according to the WHO, is the provision of health services (in which distance is a determining factor) by health professionals through the use of information and communication technologies (ICTs) for the exchange of valid information for diagnosis, treatment, disease prevention, research and evaluation and for the continuous training of health professionals, all with the ultimate objective of improving the health of the population and communities.

Following the WHO definition, we can define telemedicine as the provision of services by medical personnel, using technology to improve the health of the population. In Ever Health, one of the startups accelerated in the 3rd Edition of Santalucía Impulsa, see it as an opportunity to connect doctors with patients through technology to offer medical services when the patient needs them, even covering more specialties such as psychology or nutrition. Telemedicine is health, convenience, technology and people. A cross-cutting value for all individuals and corporations.