Superyacht Technology Network announces new investor
Leading technology event company, Superyacht Technology Network, has announced a major investment by superyacht industry expert Will Faimatea.
Faimatea will acquire a 42 per cent shareholding of its company for an undisclosed sum. He will take no formal executive position but act as an advisor/consultant bringing nearly 30 years’ experience from the world of superyacht technology innovation.
The investment will support the company’s goal to expand its operations with the Superyacht Technology Show at its core. The 2024 show (planned for Barcelona) will quadruple in size in response to industry demand and include a 500-delegate capacity conference of TEC talks from both the superyacht and technology industries.
On announcing the new investment, the director of SYT Network, Jack Robinson, says: “I’m proud that an industry giant such as Will Faimatea recognises the potential of the next phase of SYT Network, and he is the perfect collaborator. This investment will allow us to more quickly achieve our goal to bring innovators and buyers together in the superyacht marketplace.”
The financial investment will fund the expansion of the company’s operational team to service anticipated sales to new exhibitors from engineering, engine and green technology businesses. These will be accommodated in dedicated halls in addition to the well-established AV/IT/VSAT halls.
Faimatea adds: “I am excited to be personally involved with The Superyacht Technology Network, which Jack has founded. The platform represents and allows all those companies and owners, representatives and crew with technology focus a place to visit and experience the technologies and the people behind them.
“Having started my career in yachting as an ETO back in 1996 I have been very fortunate to watch and be part of this industry and I hope I can contribute further and on a broader scale with SYT.”
SYT Network was founded by Jack Robinson in 2022 after an 18-year superyacht industry career, specifically in media and technology. The vision was to provide a platform for superyacht businesses in IT and AV to grow and prosper through networking and collaboration at dedicated events; its current membership stands at 18,000 individuals and companies.
Robinson concludes: “Will’s vision for the future of superyacht technology mirrors my own, and we both acknowledge the industry’s desire for a dedicated, stand-alone technology show. We are committed to delivering such a focused show with the expanded Superyacht Technology Show planned for Barcelona in March 2024.”
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