Algarve Tech Hub Summit: Algarve region sees growi...

Algarve Tech Hub Summit: Algarve region sees growing worldwide interest from investors, venture capitalists, and tech enthusiasts

Algarve Tech Hub Summit 2023, Faro Portugal 700px

Dedicated to make the region a top international lifestyle hub, the recent edition of the Algarve Tech Hub Summit attracted around 700 people

The event’s second edition, which took place between June 21 and 23 at the UALG Tech Campus in Faro, brought together people of more than 40 nationalities, including investors, entrepreneurs, students, researchers, and more.

This year’s edition of the Algarve Tech Hub Summit reinforced its international positioning, with speakers from the United States and several European countries, demonstrating that the Algarve already has what it takes to thrive.

This positioning has been greatly influenced by the Algarve Tech Hub Summit participation in the “Living in Portugal” seminars in Los Angeles, on February 9, and in San Francisco, on February 11. The goal was to present the ecosystem and the Algarve region and form strategic partnerships with all those interested in learning more about the Algarve.

“If until recently the Algarve Tech Hub was a dream and seen as a project with very ambitious objectives, today we see that the Algarve is already considered by many as one of the best lifestyle hubs internationally,” stated Miguel Fernandes, president of the Algarve Evolution Association, which brings together companies in the technology sector.

The event was described as “the consolidation of the first summit”. “We managed not only to bring the Algarve’s technology sector together to reflect on the challenges for the future but also to bring a group of people outside this ecosystem who were surprised by the positive, dynamic and strategic way in which the Algarve is working in this area,” said Paulo Santos, vice-president of the Algarve STP.

André Botelheiro, coordinator of the Communication and Protocol Office at the University of Algarve, also makes a “very positive assessment both in terms of the number of participants and the quality of the panels. The Algarve Tech Hub Summit fulfilled its objectives, which involve bringing a public interested in these matters to the Algarve”. A public that is potentially interested in settling in the region to undertake, innovate, create jobs and create wealth.

For the University of the Algarve, this event “validates the work done over the years and is increasingly materialising, investing in supporting entrepreneurship, technological innovation and research”.

This translates “today into an ecosystem that is real, and that is obviously very important for the diversification of the economic and social fabric of our region”, highlighted Botelheiro.

Miguel Fernandesaffirms that the Algarve Tech Hub Summit “is already the biggest innovation event in the region, and the second edition was a huge success, leaving a notable impact on the progress and affirmation of the Algarve as an innovation hub”.

He also highlights the “level of international speakers from technological centres such as Silicon Valley, in the United States, Germany, the Netherlands, the United Kingdom, among others, who gave engaging presentations”.

“We also have increasingly more remote workers, digital nomads and ‘new Algarviansestablishing themselves in our region and willing to collaborate with the regional ecosystem to develop and elevate the Algarve,” he adds.

“Now let the “Zebras”, “Unicorns” and many others come because, at the end of the day, we want more and better entrepreneurs and companies,” concluded Miguel Fernandes.

The third edition of the Algarve Tech Hub Summit is scheduled for May 30 and 31, 2024.

The Algarve Tech Hub is a partnership between the Algarve Evolution Association, the Algarve Tourism Association (ATA), the Algarve Tourism Region (RTA) and the University of the Algarve (UALG).

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