Tel Aviv holds 4th place among global startup hubs
Tel Aviv has retained its position as the world’s fourth-ranked startup ecosystem for the second consecutive year, according to Startup Genome’s latest Global Startup Ecosystem Report.
Ranked behind Silicon Valley, New York and London, the city generated an estimated ecosystem value of USD 250.3 billion, up 162% from the previous report.
The study, which analyzed more than 5.5 million companies across over 350 ecosystems worldwide, identified artificial intelligence, big data and analytics, cybersecurity and life sciences as the sectors underpinning Tel Aviv’s growth. The city also ranked fifth globally for AI startups and placed among the top ten for research and development capabilities, talent and overall performance.
Startup Genome founder and president Marc Penzel said Tel Aviv’s concentration of talent and innovation continues to distinguish it globally. Tel Aviv Mayor Ron Huldai said the city remains committed to supporting startups and multinational technology companies as AI and other emerging technologies reshape the economy.
Read more in Ynet.
