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How should governments drive innovation, according to Web Summit founder Paddy Cosgrave?

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As co-founder and CEO of Web Summit, a technical conference with tens of thousands of people from 180 countries, Paddy Cosgrave knows that meaningful connections are the foundation of progress and innovation. After navigating the company through the transition to virtual events last year, Cosgrave gained insight into how the Covid-19 pandemic will continue to change the tech industry in the short and long term. He is Inc. We shared our thoughts on the August 26th episode of The Human Factor, a LinkedIn video series hosted by Eric Schurenberg, CEO of Mansue to Ventures, the parent company of.

The future is flexible

Cosgrave says technology gives us more flexibility than ever before. “It’s clear enough that a pandemic can start a company from anywhere and build a team based everywhere. This is very exciting and exciting for the new generation. Entrepreneurs.”

But Cosgrave doesn’t think this means the end of a face-to-face meeting like the Web Summit in Lisbon this November. In fact, data-driven CEOs believe that face-to-face events will grow in popularity over the next 1-2 years before the virtual world returns to a new normal state where it plays a bigger role.

Cosgrave, on the other hand, uses Web Summit’s proprietary conferencing software to bring together entrepreneurs, founders, CEOs, political leaders, and cultural figures to discuss hot topics at the crossroads of technology and society. We are focused on maximizing connections.

Cosgrave considers taxes to be a particularly important topic and cites reduced funding for significant R & D as a potential obstacle to innovation. “We have to do a better job of collecting taxes to fund future breakthroughs, and it will be commercialized by great entrepreneurs,” he said. Says. Cosgrave said the lack of government guidance has slowed progress in the tech industry and hopes that taxpayer funding will help things recover.

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