Developer docs
API playgroundTry for free, no card

Search company profiles

Web Summit

Full company profile

uuid0000cu3

Namestring
Web Summit
Legal namestring
Web Summit
Websiteurl
websummit.com
Company typeenum
Private
Founded yearint
2009
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
251–500
akta.pro rankint
HeadquartersDublin, Ireland
HQ citystring
Dublin
HQ countrystring
Ireland
HQ regionstring
Europe
Markets served

Serves global market

Offices4 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
technology conferences, startup investor events, business networking events, global tech summits, corporate event sponsorships
Industry3 codes
1Executive Summits & Invitation-Only Forums
CodeMPAGAGAKPrimaryYes
2Product & Innovation Summits (Roadmap, Launch Readiness, Innovation Days)
CodeTHAHAMAGPrimaryNo
3Customer/User Conferences & Client Advisory Boards
CodeTHAHAMADPrimaryNo
NAICS code2 codes
  • Convention and Trade Show Organizers56192
  • Convention and Trade Show Organizers561920
SIC code1 code
  • Services-Membership Organizations8600
Product category
Technology Conferences
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1Ticket Sales
TypeOne Time License
Description

Primary revenue stream from selling tickets to attendees at Web Summit events. Multiple ticket tiers exist including general attendee, VIP, investor, and platinum investor categories with varying price points.

2Sponsorships and Partnerships
TypeAdvertising
Description

Revenue generated from corporate sponsorships and partnership agreements with technology companies, brands, and organizations looking to connect with the startup and tech ecosystem at Web Summit events.

Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Operations, Personnel, Marketing or Sales, Technology or R&D, Others
Pricing details4 tiers
1General Attendee
ModelUnit PricingBilling cadencePay-as-you-go
Notes

€595 per attendee for general admission to Web Summit events

2VIP Access
ModelUnit PricingBilling cadencePay-as-you-go
Notes

€1,585 per VIP ticket offering premium access and amenities

3Investor Access
ModelUnit PricingBilling cadencePay-as-you-go
Notes

€0 - Complimentary investor tickets available

4Platinum Investor
ModelUnit PricingBilling cadencePay-as-you-go
Notes

€1,950 per platinum investor ticket for premium investor experience

GTM typeB2B and B2C
B2B and B2C
Offering typeServices
Services
Brand1 of 7 records shown
1PITCH
Description

Startup competition program at Web Summit events

websummit.com
+6 more records
Core offering1 text field

Web Summit organizes and operates large-scale annual technology conferences worldwide, anchored by its flagship Lisbon event and complemented by regional events in Rio de Janeiro (Brazil), Doha (Qatar), Vancouver (Canada), and Asia (RISE), plus a planned Africa debut in Cabo Verde. Each event delivers multi-day programming including keynotes, panel discussions, startup competitions, and structured networking between founders, investors, journalists, and technology leaders. Monetization combines tiered ticket sales to attendees (general, VIP, investor, platinum) with corporate sponsorship and partnership packages sold to large technology companies and brands.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Web Summit is a technology conference company operating a portfolio of global tech events across multiple cities: Lisbon (flagship), Rio de Janeiro, Qatar, and Vancouver, plus RISE in Asia. The core offering consists of multi-day conferences featuring keynote speeches, panel discussions, and networking opportunities. The product suite includes specialized programs for startups (PITCH competition, Alpha Startup Programme, Startup Showcase, Mentor Hours, 40 Words), investors (Venture programme), and developers (Developer Programme, Night Summit, and themed Meetups). Content is organized across 13 specialized tracks covering AI, fintech, marketing, SaaS, creative, and other technology domains. Additional programs include Women in Tech, INSPIRE for entrepreneurs, and Impact Startups for sustainability-focused companies. Web Summit primarily serves as an event ticketing and networking platform connecting founders, investors, journalists, and technology leaders.

Product and service9 records
1Web Summit Lisbon
CategoryAnnual Technology Conference
Description

Flagship annual technology conference held in Lisbon, Portugal, with multi-track content, startup programs, investor networking, and keynotes from global technology leaders.

2Web Summit Rio
CategoryAnnual Technology Conference
Description

Annual technology conference held in Rio de Janeiro, Brazil, positioned as the largest tech event in Latin America with thousands of attendees, startups, and investors.

3Web Summit Qatar
CategoryAnnual Technology Conference
Description

Annual technology conference held in Doha, Qatar, positioned as the largest tech event in the Middle East.

4Web Summit Vancouver
CategoryAnnual Technology Conference
Description

Annual technology conference held in Vancouver, Canada, with focus on technology innovation including AI governance and open-source versus closed-source AI.

5RISE - Asia
CategoryAnnual Technology Conference
Description

Asia-focused technology conference operated as part of the Web Summit portfolio, targeted at the Asian tech ecosystem.

6PITCH Startup Competition
CategoryStartup Program
Description

Startup competition program within Web Summit events where early-stage companies apply to compete on centre stage for visibility and prizes.

7Alpha Startup Programme
CategoryStartup Program
Description

Early-stage startup recognition program providing booth space, networking, and visibility at Web Summit events to selected startups.

8Venture Investor Program
CategoryInvestor Program
Description

Investor-focused program within Web Summit providing curated content, networking opportunities, and access to startup meetings for venture capital professionals.

9Night Summit
CategoryNetworking Event
Description

Evening networking and entertainment event within Web Summit featuring Lisbon nightlife, smaller gatherings, and informal connection opportunities for attendees.

Scale indicator1 record

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierCoreTypeGTM or Marketing Partner
Description

IBM partners with Web Summit for the Sports Tech Startup Challenge, providing a platform for sports technology innovation and startup visibility.

Strategic tierCoreTypeGTM or Marketing Partner
Description

PitchBook partners with Web Summit on the Investor Survey, providing data-driven insights about investor sentiment and trends in the startup ecosystem.

Recent move8 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Operated by the same Web Summit team as the company's North American tech conference counterpart. Directly comparable in format, attendee mix, and sponsor base, and serves as the most directly competitive peer in the same product category.

TypeDirect peer
Description

Flagship startup-focused tech conference featuring PITCH-style competitions, investor networking, and speaker stages aimed at the same founder/VC/tech-leader audience that Web Summit targets.

3CES
TypeBroad incumbent
Description

The Consumer Electronics Show is the largest established broad-tech trade show globally. It overlaps with Web Summit in tech-industry audience and major-brand sponsorships, but is broader in scope (consumer hardware) and longer-established.

TypeDirect peer
Description

Annual Austin-based conference combining tech, music, and film with startup programming and major sponsor activations. Competes with Web Summit for tech-startup, enterprise, and media attention, though with a stronger entertainment overlap.

TypeDirect peer
Description

Helsinki-based annual tech conference focused on founder-investor matchmaking, similar to Web Summit's Venture programme. Comparable scale (~10,000+ attendees) and target audience of European and global startups and VC funds.

TypeDirect peer
Description

Premier global fintech conference, comparable to Web Summit's Fintech Summit track. Attracts overlapping sponsor base (banks, payments, fintech) and investor attendees with a similarly premium ticketing model.

7Dreamforce
TypeDirect peer
Description

Salesforce's annual enterprise software conference, featuring enterprise IT buyers, partners, and developers. Comparable to Web Summit in scale and the high-ASP enterprise sponsorship model, though anchored around a single vendor ecosystem.

8MWC Barcelona
TypeDirect peer
Description

GSMA's flagship mobile industry congress, comparable in attendee scale (60,000+), premium sponsorship tiers, and global tech-industry audience. Direct overlap with Web Summit on enterprise tech buyers and global media coverage.

TypeDirect peer
Description

Largest SaaS-focused conference, targeting SaaS founders, investors, and enterprise buyers — a sub-vertical of Web Summit's SaaS Summit track. Comparable premium ticketing model and B2B sponsor economics.

10KubeCon + CloudNativeCon
TypeDirect peer
Description

CNCF's flagship cloud-native developer conference, comparable to Web Summit's Developer Summit track. Overlaps in developer attendee base and enterprise tech sponsorships (cloud, infrastructure vendors).

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks7 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment5 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles5 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Web Summit

Technology Conferenceswebsummit.com

Web Summit firmographics

Firmographics
Name
Web Summit
Legal name
Web Summit
Website
https://websummit.com
Company type
Private
Founded year
2009
Operating status
Operating
Headcount range
251–500 employees
Ownership category
akta.pro rank

Web Summit industry classification

Industry
Product category
Technology Conferences
NAICS
Convention and Trade Show Organizers (56192), Convention and Trade Show Organizers (561920)
SIC
Services-Membership Organizations (8600)
akta.pro primary industry
Executive Summits & Invitation-Only Forums (MPAGAGAK)
akta.pro secondary industries
Product & Innovation Summits (Roadmap, Launch Readiness, Innovation Days) (THAHAMAG), Customer/User Conferences & Client Advisory Boards (THAHAMAD)

Keywords

  • Technology conferences
  • Startup investor events
  • Business networking events
  • Global tech summits
  • Corporate event sponsorships

Where Web Summit is headquartered

Location

Headquarters

HQ city
Dublin
HQ country
Ireland
HQ region
Europe

Offices4 records

Markets served

Web Summit business model

Business model
GTM type
B2B and B2C
Offering type
Services
Cost components
Operations, Personnel, Marketing or Sales, Technology or R&D, Others

Revenue model

  1. Ticket Sales: Primary revenue stream from selling tickets to attendees at Web Summit events. Multiple ticket tiers exist including general attendee, VIP, investor, and platinum investor categories with varying price points.
  2. Sponsorships and Partnerships: Revenue generated from corporate sponsorships and partnership agreements with technology companies, brands, and organizations looking to connect with the startup and tech ecosystem at Web Summit events.

Pricing tiers

ModelBillingPrice
Unit PricingPay-as-you-goGeneral Attendee
Unit PricingPay-as-you-goVIP Access
Unit PricingPay-as-you-goInvestor Access
Unit PricingPay-as-you-goPlatinum Investor

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Web Summit product offering

Product offering

Core offering

Web Summit organizes and operates large-scale annual technology conferences worldwide, anchored by its flagship Lisbon event and complemented by regional events in Rio de Janeiro (Brazil), Doha (Qatar), Vancouver (Canada), and Asia (RISE), plus a planned Africa debut in Cabo Verde. Each event delivers multi-day programming including keynotes, panel discussions, startup competitions, and structured networking between founders, investors, journalists, and technology leaders. Monetization combines tiered ticket sales to attendees (general, VIP, investor, platinum) with corporate sponsorship and partnership packages sold to large technology companies and brands.

Product overview

Web Summit is a technology conference company operating a portfolio of global tech events across multiple cities: Lisbon (flagship), Rio de Janeiro, Qatar, and Vancouver, plus RISE in Asia. The core offering consists of multi-day conferences featuring keynote speeches, panel discussions, and networking opportunities. The product suite includes specialized programs for startups (PITCH competition, Alpha Startup Programme, Startup Showcase, Mentor Hours, 40 Words), investors (Venture programme), and developers (Developer Programme, Night Summit, and themed Meetups). Content is organized across 13 specialized tracks covering AI, fintech, marketing, SaaS, creative, and other technology domains. Additional programs include Women in Tech, INSPIRE for entrepreneurs, and Impact Startups for sustainability-focused companies. Web Summit primarily serves as an event ticketing and networking platform connecting founders, investors, journalists, and technology leaders.

Differentiator

Problem solved

Functional benefit

Brands

  • PITCH: Startup competition program at Web Summit events
  • Venture
  • Alpha
  • Impact Startups
  • Night Summit
  • INSPIRE Programme
  • Web Summit Spotlight

Products and services

  • Web Summit Lisbon Flagship annual technology conference held in Lisbon, Portugal, with multi-track content, startup programs, investor networking, and keynotes from global technology leaders.
  • Web Summit Rio Annual technology conference held in Rio de Janeiro, Brazil, positioned as the largest tech event in Latin America with thousands of attendees, startups, and investors.
  • Web Summit Qatar Annual technology conference held in Doha, Qatar, positioned as the largest tech event in the Middle East.
  • Web Summit Vancouver Annual technology conference held in Vancouver, Canada, with focus on technology innovation including AI governance and open-source versus closed-source AI.
  • RISE - Asia Asia-focused technology conference operated as part of the Web Summit portfolio, targeted at the Asian tech ecosystem.
  • PITCH Startup Competition Startup competition program within Web Summit events where early-stage companies apply to compete on centre stage for visibility and prizes.
  • Alpha Startup Programme Early-stage startup recognition program providing booth space, networking, and visibility at Web Summit events to selected startups.
  • Venture Investor Program Investor-focused program within Web Summit providing curated content, networking opportunities, and access to startup meetings for venture capital professionals.
  • Night Summit Evening networking and entertainment event within Web Summit featuring Lisbon nightlife, smaller gatherings, and informal connection opportunities for attendees.

Companies that use Web Summit

Customer profile

Segments5 records

Ideal customer profiles4 records

Web Summit technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Web Summit partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered core.

  • IBMcoreGTM or Marketing PartnerIBM partners with Web Summit for the Sports Tech Startup Challenge, providing a platform for sports technology innovation and startup visibility.
  • PitchBookcoreGTM or Marketing PartnerPitchBook partners with Web Summit on the Investor Survey, providing data-driven insights about investor sentiment and trends in the startup ecosystem.

Scale indicators1 record

Recent moves8 records

Expansion highlights5 records

Web Summit competitors and assessment

Company assessment

Direct peers

  • Collision Conference: Operated by the same Web Summit team as the company's North American tech conference counterpart. Directly comparable in format, attendee mix, and sponsor base, and serves as the most directly competitive peer in the same product category.
  • TechCrunch Disrupt: Flagship startup-focused tech conference featuring PITCH-style competitions, investor networking, and speaker stages aimed at the same founder/VC/tech-leader audience that Web Summit targets.
  • SXSW: Annual Austin-based conference combining tech, music, and film with startup programming and major sponsor activations. Competes with Web Summit for tech-startup, enterprise, and media attention, though with a stronger entertainment overlap.
  • Slush: Helsinki-based annual tech conference focused on founder-investor matchmaking, similar to Web Summit's Venture programme. Comparable scale (~10,000+ attendees) and target audience of European and global startups and VC funds.
  • Money 20/20: Premier global fintech conference, comparable to Web Summit's Fintech Summit track. Attracts overlapping sponsor base (banks, payments, fintech) and investor attendees with a similarly premium ticketing model.
  • Dreamforce: Salesforce's annual enterprise software conference, featuring enterprise IT buyers, partners, and developers. Comparable to Web Summit in scale and the high-ASP enterprise sponsorship model, though anchored around a single vendor ecosystem.
  • MWC Barcelona: GSMA's flagship mobile industry congress, comparable in attendee scale (60,000+), premium sponsorship tiers, and global tech-industry audience. Direct overlap with Web Summit on enterprise tech buyers and global media coverage.
  • SaaStr Annual: Largest SaaS-focused conference, targeting SaaS founders, investors, and enterprise buyers — a sub-vertical of Web Summit's SaaS Summit track. Comparable premium ticketing model and B2B sponsor economics.
  • KubeCon + CloudNativeCon: CNCF's flagship cloud-native developer conference, comparable to Web Summit's Developer Summit track. Overlaps in developer attendee base and enterprise tech sponsorships (cloud, infrastructure vendors).

Broad incumbents

  • CES: The Consumer Electronics Show is the largest established broad-tech trade show globally. It overlaps with Web Summit in tech-industry audience and major-brand sponsorships, but is broader in scope (consumer hardware) and longer-established.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Web Summit social profiles

Digital presence

Web Summit financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Web Summit leadership team

Management profile

Number of profiles

Profiles5 records

Web Summit funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Web Summit M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Web Summit

What does Web Summit do?

Web Summit organizes and operates large-scale annual technology conferences worldwide, anchored by its flagship Lisbon event and complemented by regional events in Rio de Janeiro (Brazil), Doha (Qatar), Vancouver (Canada), and Asia (RISE), plus a planned Africa debut in Cabo Verde. Each event delivers multi-day programming including keynotes, panel discussions, startup competitions, and structured networking between founders, investors, journalists, and technology leaders. Monetization combines tiered ticket sales to attendees (general, VIP, investor, platinum) with corporate sponsorship and partnership packages sold to large technology companies and brands.

Is Web Summit a public or private company?

Web Summit is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was Web Summit founded?

Web Summit was founded in 2009. It employs 251 to 500 people.

Where is Web Summit based?

Web Summit is headquartered in Dublin, Ireland, in the Europe region.

How does Web Summit make money?

Two revenue lines are on record. Ticket Sales are the primary driver. The others are sponsorships and Partnerships.

Who are Web Summit's main competitors?

Direct peers on record are Collision Conference, TechCrunch Disrupt, SXSW, Slush, Money 20/20, Dreamforce, MWC Barcelona, SaaStr Annual and KubeCon + CloudNativeCon. CES is listed as a broad incumbent.

Does Web Summit have an API?

No public API is recorded for Web Summit.

What industry is Web Summit in?

Web Summit's product category is Technology Conferences. Its primary akta.pro industry code is MPAGAGAK, Executive Summits & Invitation-Only Forums, with a secondary code of THAHAMAG, Product & Innovation Summits (Roadmap, Launch Readiness, Innovation Days). Its NAICS code is 56192 and its SIC code is 8600.

Unlock the full company data

50 free credits on sign-up, no credit card required.

Contact sales
Live signals
TechBullion3 Best Tech Events in Lisbon This FallLisbon will host three major tech events in fall 2026: Meridian 2026 on blockchain and finance, Web Summit, and Portugal Tech Week. The events feature prominent speakers and expect over 70,000 attendees at Web Summit, with Meridian and Portugal Tech Week running in October and November.Gulf TimesDoha hosts annual strategic meeting ahead of Web Summit Qatar 2027The Permanent Web Summit Organising Committee held its annual strategic meeting in Doha to guide preparations for Web Summit Qatar 2027, its fourth edition scheduled for 31 January to 3 February 2027. The meeting was attended by representatives of multiple Qatari government ministries, Qatar Investment Authority, Qatar Airways, Visit Qatar, Invest Qatar, and Web Summit founder and CEO Paddy Cosgrave. The committee reviewed outcomes from previous editions, noting that 69 startups have raised over USD 205 million since 2025, and set priorities for strengthening international participation and opportunities for Qatari entrepreneurs.Travel And Tour WorldBrazil Joins the United States, Portugal, China, Canada and More Than 100 Countries as Web Summit Rio 2026 Welcomes Record 40,287 Attendees and 1,572 Startups, Driving Global Travel Growth, Business TWeb Summit Rio 2026 opened at RioCentro in Rio de Janeiro with record-breaking attendance of 40,287 attendees from more than 100 countries, alongside 1,572 startups and 688 investors. The event, which has grown since its 2023 launch to welcome over 130,000 cumulative attendees, is strengthening Brazil's position as a premier business tourism destination while generating significant economic impact for hotels, restaurants, transportation and entertainment venues across the city. The summit features 479 speakers and 133 networking meetups, with 43 percent of participating startups founded or co-founded by women, highlighting growing diversity in Latin America's innovation ecosystem.BreakingtravelnewsWeb Summit Rio: How Latin America’s Biggest Tech Stage Is Reshaping the IndustryThis article is an analytical commentary examining Web Summit Rio's significance as a platform for Latin America's technology ecosystem, arguing it is reshaping global perceptions of the region from an emerging market to a source of innovation. The piece highlights the event's role in connecting local founders with global capital, accelerating AI adoption, and fostering enterprise innovation across finance, logistics, healthcare, and public services. It acknowledges that while the momentum is real, structural challenges around funding depth, bureaucracy, and infrastructure inequality remain unresolved, and the true test will be whether connections made at the conference translate into lasting partnerships and policy improvements.Tech In AfricaWeb Summit Is Coming to Africa — and Cabo Verde Gets the First EventWeb Summit will hold its first African event in Cabo Verde this December, organized with the Parque Tecnológico de Cabo Verde. The city has not been announced, and the event follows the summit's entry into the Middle East. The partnership underscores Cabo Verde's digital infrastructure and entrepreneurship investments.NewswireGovernment of Canada helps B.C. businesses unlock new domestic marketsThe Government of Canada announced a $3.2 million investment in the Greater Vancouver Board of Trade and its subsidiary to deliver the Canada Connect program, which will help B.C. businesses find new domestic trade opportunities. The initiative includes market insights, training, and trade missions, building on a broader strategy to strengthen the Canadian economy.Let's Data ScienceWeb Summit Vancouver Frames Debate Over AI OwnershipWeb Summit Vancouver opened its second edition at the Vancouver Convention Centre with over 20,000 attendees from more than 100 countries, as the conference's CEO framed the event around debates between open-source and closed-source AI model governance. The Canadian federal and provincial governments used the summit to announce funding commitments, including $6.6 million over three years to secure the conference and $1.8 million from PacifiCan for local AI testbeds. Canada's first Minister of Artificial Intelligence and Digital Innovation participated alongside industry leaders, including Cohere's Chief AI Officer, signaling coordinated national and regional efforts to position Canada as a digital sovereignty hub.BetaKitWeb Summit Vancouver opens with tech’s biggest question: who owns the future?Web Summit Vancouver opened its second conference at the Vancouver Convention Centre with 20,000 attendees from over 100 countries, aiming to reach 40,000 by 2027, featuring CEO Paddy Cosgrave's keynote framing the event as a critical inflection point in technology history with a central theme of open-source versus closed AI. The opening night included a conversation between Sionic software engineer Sigrid Jin and Axios reporter Madison Mills on AI copyright issues, and a panel between Canada's AI minister Evan Solomon and Cohere chief AI officer Joelle Pineau discussing Canada's AI adoption, sovereignty, and collaboration models. The conference poses fundamental questions about who will shape the future of AI and technology governance.Local BreakingWeb Summit draws startups and tech titans to Vancouver for the second yearWeb Summit returned to Vancouver for its second year with attendance up 30% year over year, drawing over 20,000 attendees from more than 100 countries to the city's convention centre. The British Columbia provincial government committed $6.6 million over three years to attract the conference from Toronto, with government representatives at all levels promoting the province as an investment destination where $30 billion has been invested in tech over the past five years. Canada's first federal AI minister attended the conference to discuss digital sovereignty and AI policy options, while event CEO Paddy Cosgrave raised questions about the future of AI models and the balance between open-source and closed-source options.IBMIBM Launches Sports Tech Startup Challenge at Web Summit VancouverIBM launched its Sports Tech Startup Challenge at Web Summit Vancouver on May 12, 2026, marking the first showcase in a global initiative to find and accelerate AI startups transforming the sports industry. The challenge will travel to multiple cities including Rio and Lisbon, with select startups potentially invited to compete in a prize competition at Web Summit Lisbon offering a paid proof of concept worth up to $100,000. The initiative targets growth-stage startups from Seed to Series B building AI-powered solutions for the business of sports, as part of IBM's broader program to engage founders and support clients globally.