Rio will host the world’s largest tech event

After receiving proposals from several cities in Brazil, the Web Summit chose Rio de Janeiro as the host city for the new event for the next six years. Announced on the 3rd of this year, this will be the first in South America of the largest technical event in the world, which will take place from 1-4 May 2023 in Riocentro, in Barra da Tijuca.

Rio is seen as one of the hottest destinations in the tech industry. International investors are looking to Latin America, and Brazil in particular, attracted by some of the region’s most important startups. We feel it’s the place to be right now and can’t wait to have our first Rio Web Summit in 2023 – says Paddy Cosgrave, Founder and CEO of Web Summit.

Invest.Rio CEO Rodrigo Stallone highlighted the importance of attending Web Summit Rio for Innovation in the city – Invest.Rio is an investment attraction and promotion agency in Rio de Janeiro and was responsible for mediating the candidacy.

This event marks the beginning of a partnership between Rio and the Web Summit Group to transform the technology ecosystem across Latin America. We are confident that the Web Summit has found its new home for decades to come and we are sure that it will be an important partner in building a more sustainable, technological and inclusive city with us. Welcome, Web Summit Rio, the stage is yours! – Stallone announces.

In the opinion of Mayor Eduardo Paes, Rio is returning to its place of prominence on the world stage, and the choice meets the city’s goal of becoming the capital of innovation in Latin America. During the last web summit, in 2021, the Mayor and Municipal Secretary for Economic Development, Innovation and Simplification, Chicão Bulhões, was in Lisbon to offer guarantees.

– Ryo has always been on the scene of important events for the world. Once again, we’re leading the way and bringing the best companies, talent, and investors together to discuss technology and innovation here. Rio already has a tradition of hosting major international events, and we are very proud to have been chosen as the first Latin American city to hold an event of this scale – Pais stands out.

Eduardo Paes, mayor of Rio, and Antonio Florencio, president of CENAC. Photo: Fabio Motta

According to the CEO of Invest.Rio, the web summit should attract more than 2,000 journalists and 2,000 investors. Stallone notes that during the six years that the event will take place in Rio, it will generate between R$1 billion and R$3 billion annually.

Bringing the Web Summit to Rio de Janeiro is a huge victory for the innovation and technology sector of the city, Brazil and the world. We’re entering the gorgeous city into the global tech circuit – in celebration of Stallone.

unicorn case

Brazil is the ninth largest economy in the world and the only one in Latin America among the top ten global unicorn markets. The company is said to have achieved unicorn status when its market valuation exceeded $1 billion. According to Paddy Cosgriff, founder and CEO of Web Summit, in 2021, Brazilian startups raised $9.4 billion – three times as much as in 2020.

The support of Brazilian public and private entities – in particular the commitment of Mayor Eduardo Paes – was essential to bringing the event to Rio. We are very excited to continue the global expansion of the Web Summit and can’t wait to welcome thousands of participants, partners and exhibitors to an incredible city like Rio – confirms Artur Pereira, state manager Web Summit for Portugal.

Web Summit Rio trivia and installation of new companies and jobs

It is the first time that a city outside Europe has been chosen to host the event for which Cinac is the main sponsor. In addition to providing business opportunities, Web Summit Rio will contribute to creating a more innovative business environment and attract companies from all over the world. And the whole story of the arrival of the largest technical event in the world to Rio de Janeiro happened in an extraordinary way.

– The whole story of Web Summit started in a very strange way. Through a tweet from the CEO of the Web Summit, Rio de Janeiro provoked to speak publicly about the desire to hold the largest tech event in the city. I made a hard copy and sent it to Chicão (Bulhões) and explained, “We need to bring this event here.” Web Summit is coming to Rio, and once again, the wonderful city will be the scene of a great event for Brazil and the world – recalls Rodrigo Stallone, CEO of Invest.Rio.

Chicão Bulhões and Rodrigo Stallone at Web Summit Lisbon.
Chicão Bulhões and Rodrigo Stallone at Web Summit Lisbon. Photo: Disclosure

According to the Wall Street Journal, Web Summit Lisbon generated more than €200 million for the Portuguese economy during the week of the event in its first year. Among the companies that have opened their offices in Lisbon since 2016, the first year of the event, are Mercedes (300 jobs), BMW (600 jobs), Google (1,000 jobs), Cisco (more than 200 jobs), Revolut (400 jobs) Nokia (100 jobs), Uber (250 jobs), Zalando (150 jobs), and Pipedrive (100 jobs).

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