Israel’s Startup Success

Israel, especially in recent years, has gained success in the tech space, building up their reputation as a startup nation. In fact, the country was able to gain billions of dollars through their companies and startups. The country currently ranks high in the world for the number of AI startups in existence as well as R&D expenditure. 

Within the city of Tel Aviv, startups raised more than 60% of the national total with $20 billion. Tel Aviv is currently one of the top ten largest startup spaces in the world. Top companies such as Volkswagen and Apple have created innovation centers in the city as well. 

Many U.S. venture capital firms have found success in Israel while Israeli startup founders have several headquarters in thriving U.S. cities to tap into local investment as small markets and security threats have caused Israeli entrepreneurs to set up operations worldwide. Government programs like Yozma, grant programs, and tax incentive programs have helped with business success in Israel. The Abraham Accords have helped normalize business relations with the United Arab Emirates and the Kingdom of Bahrain as well, allowing more than 100,000 new jobs to be created for the four signatories. 

Israel holds an annual global investor summit that sees 1,084 MNCs, 380 portfolio companies, and 111 delegations around the world attending each year. With so much influence in the startup space currently, how much more impact will Israel have in the future?

How Israel Has Emerged on the Tech Scene

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