The Web Fest, are a set of awards given annually for excellence of internet achievements in the region of Former Yugoslavia.

Organized and overseen by the Web Fest llc,[1] the awards are given each year at a formal ceremony.

The first Web Fest was held on November 29, 2007 at Yugoslav Drama Theater when a group of internet enthusiasts and technology lovers from private company Agena llc decided to organize an Oscar style type of awards ceremony in order to and increase the awareness of the quality of work done on the Internet in the region of Former Yugoslavia as well as highlight the importance of daily usage of the Internet amongst the general public.

[2] The only year Web Fest was not held was in 2008, allegedly due to a lack of sponsorship funding after the start of Global Recession.

The original type of statuette on a black marble is given to the winners in the categories while the Grand Prix winners receive an updated version of the statuette with triple V sign made out of aluminium is placed on a white marble base.