Algarve to host new innovation and technology summit

An innovation and technology summit which aims to attract investment to the region will take place in the Algarve between March 28 and April 3.

Entitled ‘Algarve Tech Hub Summit’, the event will seek to “position the Algarve as a global and competitive technology hub, able to attract companies, institutions and individuals from various economic sectors,” said Vanessa Nascimento of Algarve Evolution, one of the organising associations behind the initiative.

The meeting will take place in a hybrid format – in person and online – at several venues in Faro and Loulé and will feature around 50 national and international speakers from 10 countries, spanning an array of sectors such as “innovation, technology, tourism, sea, agri-food, health, energy, digital, art and culture”.

The full programme with all events, dates and venues is due to be revealed soon.

“Apart from Europe, Latin America will have a strong participation in this meeting, which will take place in the format of conferences and debates, and which will also serve to analyse where we are and where we are going,” said Nascimento, cited by Lusa news agency.

According to the organiser, this a topic that the region must collectively think about.

Nascimento also said the event “represents a step towards the culmination of the positioning of the Algarve as the best lifestyle destination in Europe for companies and individuals dedicated to technology.

“It will identify talents and attract international interest groups, namely strategic investors, the scientific community and digital nomads,” she added.

“We still need to work hard and together with all entities to have an innovative and economically more diverse Algarve,” Nascimento said before inviting everyone “to join this and future events”.

Organisers hope that the event can act as a ‘think-thank’ and lead to the development of successful projects in the Algarve.

The initiative is part of the strategy to “strengthen the regional technological ecosystem,” developed by the University of Algarve and the associations Algarve STP and Algarve Evolution.

Their overriding goal is to consolidate the Algarve Tech Hub (ATH) brand and bring the Algarve to the forefront of building a “winning strategy for a digital region”, which is “recognised and competitive on a global scale.”

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