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HAMILTON, Bermuda–(BUSINESS WIRE)– The Bermuda Business Development Agency (BDA), Bermuda’s first in-person tech summit since 2019, has been hailed as a great success. The fourth annual Bermuda Tech Summit was presented by the BDA, in partnership with the government’s Economic Development Department (EDD) and FinTech industry association, NEXT Bermuda.
The immediate economic impact of this event at the Hamilton Princess Hotel October 26-28, which hosted over 300 delegates (almost 80 from overseas), including accommodation, transport, food and beverages, retail and entertainment, was estimated at $527,000 and supported 115 local jobs. .
Fiona Beck, Independent Director and BDA Board Member, who led a conversation with SailGP at the Bermuda Tech Summit, said: “The BDA continues to inspire and SailGP’s energy for Bermuda was exciting. have. They are true world leaders in innovation and sustainability for sailing and they describe Bermuda as a place of choice, both on and off the water. We are lucky to have such committed partners.
John Narraway, NEXT Bermuda, Founding Committee Member, said, “This year’s summit is the culmination of years of focused, collaborative efforts to build momentum in technology and digital assets. We are seeing the growth of new jobs as our member companies scale up their local operations, hiring 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, Government of Bermuda, said: “The BDA has done an outstanding job of hosting an excellent, engaging and well-attended tech summit despite the global downturn in traditional and digital asset markets. Attendance and commentary from the event confirms that FinTech continues to have strong momentum and growth ahead, which aligns with the strong pipeline of digital asset businesses, insurers and funds looking to secure a 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 governments, businesses and individuals. . InsurAce has sought a regulatory framework that aligns with our future vision and we are excited to explore the opportunity to grow 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 engaged guests for making this Tech Summit such an incredible event that showcased the technology sector. dynamic and growing Bermuda and its leadership in innovation.
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 in-person event. Our spirits partner was Goslings.
Day One Fireside Remarks with Bermuda Premier and Minister of Finance, Hon. David Burt, JP, MP and Michael Casey, Chief Content Officer, CoinDesk, were followed by a Regulatory Panel, Crypto Lending and Yield Products Panel, NEXT Bermuda Case Study, a digital banking panel and a fund panel. The first day ended with a SailGP welcome reception on the Regency Terrace.
Day 2 started with a conversation with SailGP, followed by a panel on digital identity, capital formation in a bear market panel, a conversation on non-fungible tokens (NFT), d reinvented panel on (re)insurance, and ended with a panel entitled: “Is price good for confidence and liquidity? »
The final day started with an “ESG and DAB” panel, followed by a panel on “out of this world infrastructure”, a panel “Building and nurturing a sustainable technology ecosystem”, and a panel on cybersecurity and concluded with a discussion on the future of technology. The closing party sponsored by RELM Insurance featured live music and exclusive cocktails at scenic Fort Hamilton.
“EDD Tech Education Day and TechAwards will be held on October 31, after which Bermuda Tech Week 2022 will officially end,” 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 June 10, 2022, ‘NEXT’ is Bermuda’s premier digital asset industry association. 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, Ensuro Re, Jewel Bank, NAYMS, Relm Insurance, Stablehouse, XBTO and 24 Exchange.
The BDA encourages direct investment and helps businesses start, relocate or expand their operations in our premier jurisdiction. As an independent public-private partnership, we connect you with industry professionals, regulators and key contacts within the Bermuda government to help you make domicile decisions.
Show source version on businesswire.com: https://www.businesswire.com/news/home/20221030005013/en/
Stuart Roberts, Director of Communications and Public Relations
[email protected] | +1 441 292 7774
Source: Bermuda Business Development Agency