The Bermuda Technology Summit showcases the island's innovation and connects global technology leaders

[ad_1]

HAMILTON, Bermuda–(BUSINESS WIRE)–The Bermuda Business Development Agency (BDA) The first Bermuda Tech Summit since 2019 was a huge success. The fourth annual Bermuda Tech Summit is presented by the BDA in partnership with the government’s Economic Development Department (EDD) and NEXT, the Bermuda FinTech industry association.

The economic impact of the event, which drew more than 300 delegates (about 80 from overseas) at the Hamilton Princess Hotel from October 26-28, including accommodation, transport, food and beverage, retail and leisure, was estimated at $527,000 and created 115 local jobs. supported. .

Fiona Beck, Independent Director and BDA Board Member, who spoke with SailGP at the Bermuda Tech Summit, said: “The BDA is inspiring and it was exciting to see the energy SailGP has for Bermuda. They are true world leaders in innovation and sailing sustainability, and they describe Bermuda as the ultimate destination both on and off the water. We are lucky to have such loyal partners.”

John Narraway, NEXT Bermuda, Founding Committee Member, said: “This year’s summit is the culmination of several years of focused and collaborative efforts to build momentum in the technology and digital assets space. We are witnessing new job growth as our member companies expand their local operations and hire experienced Bermudians transitioning from the traditional financial world to take on roles in areas such as compliance, risk management and human resources.”

Denis Pitcher, Chief FinTech Advisor to the Government of Bermuda, said: “The BDA did an excellent job of putting together an excellent, engaging and well-attended Tech Summit despite the global downturn in traditional and digital asset markets. Attendance and feedback from the event confirms that FinTech has strong momentum and growth going forward, matched by a strong pipeline of digital asset businesses, insurers and funds looking to license in Bermuda.”

Dan Thomson, CMO, InsurAce said, “We didn’t know what to expect from the Bermuda Tech Summit, but we were blown away by the incredible hospitality and innovation shown by local government, businesses and individuals. InsurAce is looking for a regulatory framework that aligns with our future vision and we are excited to be exploring the possibility of establishing our business in Bermuda. We can’t wait to come back.”

David Hart, CEO of the BDA said, “On behalf of the BDA, I would like to thank our partners, sponsors, speakers and active guests for putting on such a great technology summit that showcases Bermuda’s dynamic and growing technology sector and innovative leadership.”

Without the generous support of our sponsors: Hub Culture, RELM, Appleby, SailGP, Carey Olsen, Jewel Bank, Walkers and Bittrex Global; as well as Apex, Blockchain Triangle, Bloktime, Clarien, Chainproof, Coinzoom, Global Policy House, Hive and 24 Exchange, we were unable to host this private event. Our companions were the Goslings.

The first day’s keynote is from the Prime Minister and Minister of Finance of Bermuda. David Burt, JP, MP and Michael Casey, CoinDesk’s Chief Content Officer, were on the Regulatory Panel, Crypto Lending and Yield Products Panel, NEXT Bermuda Case Study, Digital Banking Panel and Funds Panel. The first day concluded with the SailGP welcome party at the Regency Terrace.

The second day started with a conversation with SailGP and was followed by a digital identity panel, capital formation in a bear market panel, a talk on non-volatile tokens (NFTs), a panel on (re)insurance reimagined and a panel. topic: “Is the price right for confidence and liquidity?”

The final day kicked off with a panel on ESG and DABs, followed by a panel on Infrastructure Out of This World, a panel on Building and Developing a Sustainable Tech Ecosystem, and a panel on Cyber Security and the Future of Technology. Sponsored by RELM Insurance, the evening featured live music and signature cocktails in picturesque Fort Hamilton.

“The EDD Tech Education Day and TechAwards will be held on October 31, which will officially mark the end of Bermuda Tech Week 2022,” Mr Hart said. “The BDA looks forward to building on our success and bringing back an even better event in November 2023.”

NOTE TO EDITORS

Launched on June 10, 2022, ‘NEXT’ is Bermuda’s first digital asset business community. At launch, NEXT Bermuda consisted of 14 companies fully licensed and regulated by the Bermuda Monetary Authority, including: Apex Group, Bittrex Global, Blockfi, Blockchain Triangle, Blockwrk, Circle, CrossTower, Ensure Re, Jewel Bank, NAYMS, Relm Insurance, Stablehouse, XBTO and 24 Exchange.

CONNECTING THE BUSINESS

The BDA encourages direct investment and helps companies start up, relocate or expand their operations in our core jurisdiction. An independent, public-private partnership, we connect you with industry experts, regulatory officials and key contacts in the Bermuda government to help you make housing decisions.