Successful Tech Hubs:
Tel Aviv
Tel Aviv[1] is the 2nd
largest city in Israel[2] with a
population of over 400.000 people. It is a global city and a financial center,
and the 2nd largest economy in the Middle East after Abu Dhabi. It
was founded as a State for the Jewish after WWII and is located in the Middle
East, but responds to the interests of the West (as a political bloc). The State was situated inside Palestine, and
due to this a life-long conflict persists even today were the Palestines
consider that that piece of territory really corresponds to them. Efforts to
resolve the Israeli-Palestinian conflict have not resulted in peace, the
occupation of Gaza representing the latest armed conflict.
The country benefits from a
highly skilled workforce and is among the most educated countries in the world
with a large percentage of citizens holding a tertiary education degree, 90% is
connected and has SmartPhones. There are around 5.000 Start-Ups spread across
the Nation, of which almost 30% are in Tel Aviv. It currently consists of 1
Start-Up per 400 people. Leading multinational firms such as Google, Facebook,
Yahoo! or Samsung have recently established themselves in Greater Tel Aviv.
Accelerators, co-working spaces and innovation centers have grown 140% over the
last 4 years. Israel has gained presence in the global tech industry, with 75%
of it’s production being focused on Tech. It has the highest investment in
R&D anywhere in the world, compared to the size of it’s economy (4% of GDP).
Start Up Nation[3]. In the
early 1990s the Government set up a special fund called “Yozma”, which means
Initiative, whose goal was very simple which was to create a Venture Capitalist
Industry in Israel. With an 8 million USD initial investment, they invited entrepreneurs
and venture capitalists from all over the world to match the amount granted to
them by the government to set up their businesses. The government would help
the entrepreneurs get started, but once it got it’s money back would
immediately get out of the way. One differential advantage (that cannot be so
easily replicable in other countries), is that young Israelis compete to get
into the best units into the Army. Once they come out of the Army, they are
ready to go into business (and have a Network of Army friends who are doing the
same). Ideas start in Israel, but they scale elsewhere. Defense investment has
made it easier to innovation in cutting edge technology in fields like
healthcare, telecommunication, agriculture and other fields.
Tel Aviv Start Up City[4] is a
thriving, accessible and creative start-up ecosystem, unparalleled in it’s
innovation, creativity, synergy, and young brilliant energy. It is a global
business center and the ultimate non-stop city. The Start Up Tel Aviv
competition is designed to draw hundreds of Start Ups and Venture Capitalists
to Network, Sell and Invest in the NeXT big idea. A vibrant international hub
of innovation and technology, Tel Aviv is full with investors, entrepreneurs
and hi-tech professionals from around the world. The Tel Aviv municipality
along with the government, corporate and NGO partners, is dedicated to
supporting entrepreneurs and innovators and to helping startups and
tech-companies at all levels succeed and excel by lowering their barriers to
success. Through city-sponsored and supported local and national policy,
municipal tax breaks, co-working spaces, business and partner-led programs, Tel
Aviv is fostering an innovative, digital and accessible environment.
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