Webit.Foundation

What Webit.Foundation does

Webit.Foundation, legally operating as "Digital Border Foundation" (BULSTAT 176961198), is a Sofia-headquartered non-profit foundation that has run a global technology and innovation events platform since 2007. Over more than 19 years the organization has executed 120+ event editions across four continents—Sofia, New Delhi, Singapore, Miami, Dubai, and Davos—drawing 250,000+ in-person attendees from 150+ countries and maintaining a stated global community of over 1.5 million participants. The core product portfolio consists of curated large-scale technology conferences (Webit.Festival, the AI Business Dialogue, Webit Expo) and specialized summits (Powers Summit), supported by the Founders Games scale-up competition (established 2009) and the publicly listed Webit Investment Network (BSE:WIN), which channels retail investment into Founders Games alumni.

The foundation's business model is a hybrid of event-driven and community-led monetization. Revenue is generated through tiered conference access (general admission through VIP/Platinum tiers, with the AI Business Dialogue reporting "fully booked" status), exhibitor booth fees (Webit Expo targets 3,000+ decision-makers), and corporate sponsorship packages sold to a roster of multinational brands including Google, Visa, Mastercard, SAP, Apple, Samsung, Microsoft, AWS, Intel, Meta, Roche, and Novartis. The Founders Games competition functions as both a marketing engine—drawing 30,000+ startup applicants and producing 170+ exits and 8+ unicorns among alumni—and a feeder to Webit Investment Network (BSE:WIN), which captures investment returns and management fees. The organization operates with 11–50 staff, relies on partnerships with the European Commission, the United Nations, and media organizations (Nova Broadcasting Group, Netinfo), and maintains Davos-adjacent programming during World Economic Forum week featuring Eric Schmidt (19-year participant), Jamie Dimon, Tony Blair, and Andrew Ng.

The technology layer supporting the platform is event-management infrastructure (ticketing, registration, matchmaking) rather than a proprietary product codebase; the competitive moat derives from brand, network, and venue/distribution relationships rather than software IP. Webit is GDPR-compliant, stores attendee data within the EU, and operates regional sub-brands (Webit.EMEA, Webit.MENA, Webit.APAC, Webit.INDIA) that anchor its multi-continent footprint.

Name

Webit.Foundation

Legal name

Digital Border Foundation

Website

https://webit.org

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

Webit.Foundation runs global technology and innovation conferences including Webit.Festival, the AI Business Dialogue, and the Founders Games competition, alongside publicly listed Webit Investment Network (BSE:WIN). It serves enterprise sponsors, investors, startups, and policymakers across 150+ countries.

Ownership category

akta.pro rank

Product category

Technology Conferences and Innovation Events

NAICS

Grantmaking Foundations (813211), Religious, Grantmaking, Civic, Professional, and Similar Organizations (813), Grantmaking and Giving Services (81321)

SIC

Services-Membership Organizations (8600)

akta.pro primary industry

Private Foundations (BPAGAKAA)

akta.pro secondary industries

Community Foundations (BPAGAKAB), Corporate Foundations & CSR Grantmaking (BPAGAKAC)

Keywords

• Technology conferences
• Innovation events
• Startup competition
• Executive networking
• Exhibition sponsorship

Headquarters

HQ city

Sofia

HQ country

Bulgaria

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Marketing or Sales, Operations, Personnel, Others

Revenue model

1. Event Tickets and Conference Access: Revenue from selling tickets to Webit conferences and summits, including various access tiers such as general admission, VIP/Platinum experience, investor access, and startup village passes. The largest events welcome over 15,000 attendees.
2. Exhibitor and Booth Fees: Companies pay to exhibit at Webit events, securing booth space to showcase products to 3,000+ decision-makers. Revenue includes booth rental, branding opportunities, and demo slots.
3. Sponsorship and Partnership Revenue: Corporate sponsors pay for prominent placement, speaking slots, and association with Webit events. Sponsors include major global brands like Google, Visa, Mastercard, SAP, and many others. Tiered sponsorship packages provide varying levels of visibility.
4. Founders Games Program: The Founders Games competition awards grants and scholarships to startups, funded by Webit's own resources and partnership contributions. While the awards are expenses, the program drives startup ecosystem engagement and creates investment pipeline opportunities.
5. Webit Investment Network (WIN/BSE:WIN): A publicly listed investment vehicle (BSE:WIN) that invests in Founders Games winners. This creates a revenue stream through investment returns and management fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

Webit.Foundation is a nonprofit foundation that organizes global technology and innovation conferences and exhibitions, bringing together enterprise executives, investors, entrepreneurs, and government officials. It sells tiered event tickets, exhibitor booths, and corporate sponsorship packages, and runs the Founders Games startup competition that awards up to $6 million annually. Its separately publicly listed Webit Investment Network (BSE:WIN) invests in Founders Games winners.

Product overview

Webit.Foundation operates a global events platform and innovation ecosystem consisting of flagship tech conferences (Webit.Festival, AI Business Dialogue), the Founders Games scale-up competition, the publicly-listed Webit Investment Network (WIN), exhibition services (Webit Expo), and specialized summits (Powers Summit). The platform connects over 250,000 participants from 150+ countries across events on 4 continents, facilitating networking between business leaders, investors, governments, and entrepreneurs focused on technology, AI, and digital transformation.

Differentiator

Problem solved

Functional benefit

Brands

• Founders Games: The premier scale-up innovation competition established in 2009, selecting founders who create highly scalable businesses and generate positive social and environmental change. Through grants and scholarships, over 1,500 companies from 150 countries have received access to exhibition spaces, event tickets, sponsorships, and matchmaking with investors, corporate partners, and media.
• Webit Changemakers
• Powers Summit

Products and services

• Webit.Festival Flagship technology and innovation event series in Europe and globally, bringing together the tech, digital and policy elite to shape the digital future. Features conferences, exhibitions, networking, and the Founders Games competition.
• AI Business Dialogue Executive summit where business, technology and governments define the next AI operating model. Features 12 industry tracks, invite-only roundtables, and hands-on workshops targeting C-level executives and senior decision-makers.
• Founders Games Premier scale-up innovation competition selecting founders who create highly scalable businesses generating positive social and environmental change. Awards up to $6 million annually to breakthrough innovators, with Grand Finals held in Davos each January.
• Webit Investment Network (WIN) Publicly listed company (BSE:WIN) that invests in Founders Games winners, giving everyday people the opportunity to back companies shaping humanity's future.
• Webit Expo Exhibition platform enabling companies to showcase products to 3,000+ decision-makers actively evaluating AI and tech solutions. Provides brand visibility, qualified leads, demo opportunities, and strategic partnership conversations.
• Powers Summit Innovative platform for operative dialogue between power, business leaders and civil sector. Known as 'The Bulgarian Davos', it aims to invest collective intelligence in creating sustainable solutions for the future of Bulgaria.
• Webit Global Impact Forum Hybrid event format bringing together Miami, Sofia and online participants to discuss technology, innovation and digital economy topics.

Quantifiable outcome

• 170+ acquisitions, mergers, and exits from alumni companies
• +4 more outcomes

Named customers43 records

Segments8 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Partnerships

29 partnerships are on record, tiered flagship, core and major.

• United NationsflagshipStrategic or Co-development PartnerWebit's global network brings together the United Nations, governments, scientific communities, leading corporations, investors, entrepreneurs, and changemakers committed to shaping a better future. UN involvement elevates the platform's credibility and policy relevance.
• VisacoreGTM or Marketing PartnerOfficial partner with dedicated Visa Networking Space at events. Brian Morris, Senior Business Leader, Digital Payments Lead CEE at Mastercard, is featured speaker and partner.
• First Investment BankcoreGTM or Marketing PartnerPartner at Webit 2026 Sofia, representing financial services sector engagement.
• TBI BankcoreGTM or Marketing PartnerPartner at Webit 2026 Sofia, representing fintech and banking sector engagement.
• Philip Morris InternationalmajorGTM or Marketing PartnerPartner at Webit 2026 Sofia, representing consumer goods and corporate innovation engagement.
• UnicomsmajorGTM or Marketing PartnerPartner at Webit 2026 Sofia.
• Nova Broadcasting GroupcoreStrategic or Co-development PartnerStrategic media partner providing broadcast coverage and media support for Webit events in Bulgaria.
• NetinfocoreStrategic or Co-development PartnerStrategic media partner providing digital media coverage and support.
• Visit SofiamajorGTM or Marketing PartnerDestination partner promoting Sofia as a location for tech events and innovation tourism.
• Invest SofiamajorGTM or Marketing PartnerInvestment promotion agency partner supporting startup and investment ecosystem development.
• Eric Schmidt (Schmidt Futures)flagshipStrategic or Co-development PartnerEric Schmidt, Co-Founder of Schmidt Futures and Former CEO of Google, has attended Webit events for 19 years, speaking at 100+ events. His ongoing involvement provides significant credibility and thought leadership.
• Andrew Ng (Google Brain, Baidu, Amazon, AI Fund)flagshipStrategic or Co-development PartnerFeatured speaker at Davos 2025 Webit events, representing AI thought leadership and investment.
• Richard Teng (CEO of Binance)flagshipStrategic or Co-development PartnerFeatured speaker at Davos 2025 Webit events, representing cryptocurrency and blockchain leadership.
• Jamie Dimon (JP Morgan)flagshipStrategic or Co-development PartnerFeatured speaker at Davos 2025 Webit events, representing global finance leadership.
• Tony Blair (Former UK Prime Minister)flagshipStrategic or Co-development PartnerFeatured speaker at Davos 2025 Webit events, representing government and policy leadership.
• European CommissionflagshipStrategic or Co-development PartnerMariya Gabriel, European Commissioner for Innovation, Research, Culture, Education and Youth served as patron for Webit.Festival events. Massimo Buonomo from European Commission spoke at Webit 2026 Sofia.
• National Palace of Culture (NDK)coreStrategic or Co-development PartnerSoutheast Europe's largest congress center, serving as primary venue for Webit flagship events in Sofia.
• British Bulgarian Chamber of Commerce (BBCC)majorGTM or Marketing PartnerIndustry partner supporting bilateral business connections between UK and Bulgaria.
• Bulgarian Fintech AssociationmajorGTM or Marketing PartnerIndustry partner supporting fintech ecosystem development and connections.
• Cluster Artificial Intelligence BulgariamajorGTM or Marketing PartnerIndustry partner supporting AI ecosystem development and connections.
• Enterprise Europe NetworkmajorGTM or Marketing PartnerEU business support network partner for cross-border business connections.
• Bulgarian Chamber of Commerce and Industry (BCCI)majorGTM or Marketing PartnerChamber partner supporting business networking and investment promotion.
• Bulgarian Association for Equity and Venture Investment (BVCA)majorGTM or Marketing PartnerVenture capital association partner supporting investment ecosystem connections.
• Advantage AustriamajorGTM or Marketing PartnerAustrian trade promotion organization partner supporting bilateral business connections.
• German-Bulgarian Chamber of Commerce (AHK)majorGTM or Marketing PartnerChamber partner supporting bilateral business connections between Germany and Bulgaria.
• Endeavor BulgariamajorGTM or Marketing PartnerHigh-impact entrepreneurship support organization partner.
• SoftUnimajorGTM or Marketing PartnerTechnology education partner supporting startup and tech talent development.
• Founders InstitutemajorGTM or Marketing PartnerGlobal startup accelerator partner supporting startup ecosystem development.
• IKEAflagshipGTM or Marketing PartnerElephant in a Box (Founders Games winner) signed a contract with IKEA, representing startup-to-corporate partnership outcomes.

Scale indicators16 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Web Summit: Web Summit is the largest annual tech conference series (Lisbon, plus global editions in Rio, Vancouver, Qatar) gathering 70,000+ attendees, founders, investors, and enterprise sponsors. It directly competes with Webit for the same enterprise sponsorship dollars, startup founders, and senior speaker access across the same EMEA and global footprint.
• Slush: Slush is a Helsinki-based annual tech and founder conference drawing ~10,000 attendees with a strong startup/VC focus and regional European footprint. Comparable in scale and audience to Webit.Festival Europe and a direct competitor for European founder/investor mindshare.
• Money 20/20: Money 20/20 is the flagship global fintech and payments conference series (Las Vegas, Singapore, Europe editions) where Visa, Mastercard, ING, and other Webit sponsors also participate. It directly overlaps Webit's finance/banking/fintech vertical programming and competes for the same sponsor budgets.
• VivaTech: VivaTech is the major Paris-based annual tech conference, attracting 100,000+ attendees and enterprise sponsors (Google, Meta, LVMH, Orange, etc.). It is a direct peer in the European tech-conference space with similar enterprise sponsor mix and AI/digital transformation positioning.
• TechCrunch Disrupt: TechCrunch Disrupt is the flagship US startup conference built around the Startup Battlefield competition, attracting founders, VCs, and tech press. It directly competes with Webit's Founders Games for deal flow, media coverage, and startup-investor matchmaking.

Broad incumbents

• CES (Consumer Technology Association): CES is the world's largest annual consumer-technology trade show in Las Vegas, drawing 100,000+ attendees and dominant enterprise exhibitors across hardware, AI, and digital. It overlaps with Webit in enterprise exhibitor/sponsor base and AI-policy themes but operates at materially larger scale and as the incumbent US-anchored forum.
• South by Southwest (SXSW): SXSW is the major Austin-based annual convergence of tech, music, and culture conferences, drawing tens of thousands of attendees and Fortune 500 sponsors. Comparable to Webit in scale-ambition and the breadth of its sponsorship base, though broader in cultural scope.

Regional players

• GITEX Global: GITEX Global is the largest MENA tech event held annually in Dubai, drawing 100,000+ attendees. It overlaps directly with Webit's Webit.MENA regional edition, competing in the same geography for Dubai-hosted enterprise sponsorship, government participation, and startup programming.
• Tech in Asia: Tech in Asia runs the major APAC tech conference series alongside its regional media platform, covering Singapore, Jakarta, and other hubs. It is the closest regional counterpart to Webit.APAC for enterprise sponsors and startup founders in the Southeast Asia market.

Emerging players

• Startup Grind: Startup Grind operates a global startup community and conference series (acquired by Forbes) with chapters in 125+ countries. It overlaps with Webit's Founders Games and global founder community, addressing a similar startup/VC audience with a tech/media-driven GTM rather than a flagship-event model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/webitcongress
• YouTubeyoutube.com/user/webitbg
• Facebookfacebook.com/webitexpo
• LinkedInlinkedin.com/company/webit-foundation
• Instagraminstagram.com/webitfestival

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Webit.Foundation