Nov 23, 2016
Lisbon was 'right decision' for Web Summit
All eyes were on Lisbon last week as it hosted the world's biggest technological get-together, the Web Summit, which was held for the first time outside of its native Ireland.
More than 53,000 people from 166 countries, among them 15,000 companies,
7,000 CEOs and 700 investors, flocked to Lisbon for the techie world's
most highly-anticipated event.
It ran from Monday to Thursday and is thought to have generated as much as €175 million in revenue for Lisbon.
Despite a few early-on teething problems the outcome was hailed a success and promises are that the mega event will return to the Portuguese capital in coming years bigger and better.
The initial glitches – namely traffic congestion, a strained Metro and a particularly red-cheek moment when Web Summit co-founder and chairman Paddy Cosgrove's Wi-Fi connection failed during his opening presentation at the Meo Arena – did little to dampen the overall enthusiasm for the event.
However, a few thousand participants were left frustrated when they were forced to miss Monday evening's opening ceremony after failing to follow instructions and arrive early to secure a place inside the venue. They instead had to watch the speeches via streaming on large screens outside the Arena.
Summing up Lisbon's hosting of the event, Chairman Paddy Cosgrave said on Wednesday that the choosing of the Portuguese capital was the "right decision", and admitted he was "in love" with the city.
"Three words: I love Lisbon", he summed up in comments to Lusa News Agency, also revealing ideas to expand next year's event in the Portuguese capital to 80,000 participants.
The Web Summit will remain in Lisbon until 2020, and could be extended by a further two years.
by Carrie-Marie Bratley, in Regional