Tech conference that has resulted in nearly $200M in economic impact for Toronto won’t return in 2025

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Next week's Collision technology conference in Toronto will be the final one.

Prime Minister Justin Trudeau participates in an armchair discussion with founder and CEO of BroadbandTV Corp. Shahrfad Rafaiti at the Collision and Web Summit in Toronto on Monday, May 20, 2019. THE CANADIAN PRESS/Chris YoungWeb Summit, which runs the travelling conference, has announced that it will launch a new North American flagship event in Vancouver next year.

Web Summit said next week's conference is projected to bring $77 million in economic impact to the city with more than 40,000 tech entrepreneurs from over 130 countries expected to attend. The company cited the growing tech sector in Vancouver as one of the reasons why it is launching the new event there.

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