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3 things that stood out from Web Summit

Every year acclaimed CEOs and founders of technology companies get together with fast-growing startups and policy-makers to try to answer the question of where to go next. We couldn’t possibly sum up everything that went down during the three days, but 3 things stood out for us.

1. Biome Diagnostics made it to the Top 3 in the Start-up Pitch Competition

Biome Diagnostics is an Austrian-based MedTech company innovating in advanced precision medicine that completely transforms cancer care. Their state-of-the-art DNA sequencing and machine-learning algorithms were created to enrich routine clinical practice. Founded by Forbes’s 30 under 30, Nikolaus Gasche, MD and Barbara Sladek, PhD the incredible business got 56% of the public vote. Stress is known as a key contributor to cancer, so it’s exciting to see MedTech getting much-deserved recognition.

2. Launch of Unicorn Factory Lisboa’s Scaling Up programme

The Websummit attendees also witnessed Lisbon’s mayor, Carlos Moedas, officially launching Unicorn Factory Lisboa’s Scaling Up programme. By investing €8 million, the goal is to support innovation and entrepreneurship along with the private sector, aiming to support over 20-scale ups/year and double the annual number of new projects in the set of startups. Counting Delta as one of its backers, The primary goal is to develop critical skills to address growth challenges and further accelerate the expansion to international markets. To learn more, head to

3. The Web 2.5 era

Addressed by Stani Kulechov, the founder and CEO at Aave, the concept of Web 2.5 has the potential to help brands increase their reach, create an engaged community and get to the next generation of users. As the world shifts from Web 2.0 to Web 3.0, this transition borrows aspects from the traditional 2.0 practices and merges them with the concepts and technologies of 3.0, paving the way for a more empowered content creator. Paying attention to the discussions around the topic might be a good idea to get a better understanding of where we are at when it comes to the digital economy.