In the past few decades, Israel has emerged as one of the most important digital powers in the world. A country with 8 million inhabitants, Israel has more than 4000 tech companies. Israeli startup ecosystem is fortunate to have self-reliant and innovative companies. This is the reason why the country acquired the nickname: ‘The Startup Nation’ .
Israel today is one of the leading powers in technology. The nation is home to above 4,000 tech companies. 150 companies from Israel are listed in NASDAQ Index. NASDAQ is the second largest stock exchange in the world. The technology sector contributes 35-40% of the country’s GDP. There are 300 R&D centers of companies like Microsoft, HP & Google in Israel.
Israel ranks thirteenth in the world in terms of scientific output. Also Bloomberg Innovation Index, an annual innovation ranking for global nations, has ranked Israel the world’s 5th most innovative country in 2019.
Silicon Wadi, region where tech companies flourish, is the Silicon Valley of Israel. Silicon Wadi is an area with a high concentration of high-technology companies on the coastal plain of Israel, similar to Silicon Valley in the U.S. Wadi is the Arabic word for valley. Jerusalem Venture Partners, a leading Israeli venture capital fund, has been selected as one of the consistently performing VC funds globally
Israel is home to 8,300 active startups; 2,100 Investors & 375 Accelerators. 26,541 entrepreneurs comes from the Israeli tech industry. A study by Yaron Samid, Israeli entrepreneur and the founder of Tech Aviv, claims that Israel has 18 Unicorns.
