Celtic Manor owner Sir Terry Matthews was one of the speakers at the inaugural Swansea Innovation Summit held at the Liberty Stadium.
Launching the new Swansea, City of Innovation brand, Sir Terry said he was delighted to have been asked to become Chair of the Swansea Bay City Region Board and was excited about the economic development of the city where he went to university.
He said: "This is a city and region where things are really happening. It's a very innovative city. The future is happening here."
Welsh Government Minister for Economy, Science and Transport, Edwina Hart said the region was indebted to Sir Terry for injecting his personality, expertise and connections in to the City Region Board.
Sir Terry and Mrs Hart joined Mike Galvin, Managing Director of the NGA2 Programme with BT Openreach and Council Leader Rob Stewart to announce the launch of G.Fast broadband at the summit. The trial will see around 100 businesses and residential properties in the Swansea region benefit from ultra fast broadband of several hundred megabits per second.
Other speakers at the Innovation Summit included life sciences serial entrepreneur Sir Chris Evans, economist Gerry Holtham and Tidal Lagoon Power Chief Executive Mark Shorrock.
Delegates concluded that there was a renewed sense of confidence about the future of innovation and prosperity in the city region which encompasses the local authorities of Neath Port Talbot, Carmarthenshire and Pembrokeshire as well as Swansea.