Web Summit. The impact on the economy is 2.5 billion in 10 years

The Web Summit in Lisbon has generated an economic impact of €2.5 billion over ten years, according to an EY study. The event, starting next week, will feature a record number of Portuguese startups. Since 2016, the number of startups has increased by 132%, with exports rising by 133%. Paddy Cosgrave, CEO of Web Summit, highlighted the importance of connecting startups with investors. Discussions about the event's future beyond 2028 are ongoing, with potential negotiations and competition from other cities.