Portuguese American Journal

Web Summit: The world’s largest technology event returns to Lisbon – Portugal

The Web Summit, the world’s largest technology event in the world, and Europe’s largest tech event, returns to Lisbon with more than 70,000 worldwide attendees, 2,630 exhibiting start-ups and companies, 1,120 investors, and 1,040 speakers from 160 countries attending.

Starting November 1 through November 4, the event returned to the Altice Arena, a multi-purpose indoor convention facility, one of largest indoor showgrounds in Europe and the largest in Portugal.

Altice Arena, Lisbon, Portugal

As host country, Portugal is well represented with the participation of 125 Portuguese start-ups, the largest Web Summit selected Portuguese representation, in partnership between Web Summit and Start-up Portugal, designed to empower Portuguese talent and promote tech’s future leaders.

The conference’s topics center on internet technology, emerging technologies, and venture capitalism.

Established in 2009, by Paddy Cosgrave, David Kelly and Daire Hickey, the annual international conference brings together policymakers and leading field experts to discuss the future of tech.

Web Summit partners range from Fortune 500 companies to start-ups, with attendees representing all levels and sectors of the global high technology industry.

Participants can meet thousands of CEOs and investors, start partnerships, raise brand recognition, drive sales, and network like nowhere else in the world.

Under the official agreement, Portugal’s government will pay the Web Summit organizers €11 million ($14.6 million) a year, anticipating that the number of participants will increase exponentially and will bring high revenue to the country’s economy. The agreement obliges Web Summit to pay Portugal €3 billion ($4.5 billion) if it were to decide to leave the country before 10 years.

Originally called the ‘Dublin Web Summit’ the World Web Summit was held annually in Ireland, before moving to Lisbon, in 2016, where it will remain for 10 years.



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