Tel Aviv’s Tech Ecosystem By the Numbers

Tel Aviv is celebrated in the 2024 Global Startup Ecosystem Report - ranking as the #4 Global Startup Ecosystem
Franzis Walther
on July 09, 2024

Tel Aviv Global and Startup Genome have teamed up to spotlight Tel Aviv’s entrepreneurial ecosystem in the in the Global Startup Ecosystem Report:

  • Ranking as the #4 Global Startup Ecosystem, moving up one spot from GSER 2023

  • The ecosystem created $253 billion in Ecosystem Value from Jul 01, 2021 to Dec 31, 2023, representing 47% compound annual growth compared to Jul 01, 2019 to Dec 31, 2021 time period. Ecosystem Value is a measure of economic impact, calculated as the value of exits and startup valuations.

  • #4 Global Ecosystem and #1 MENA Ecosystem in Performance — measures the size and performance of an ecosystem based on the accumulated tech startup value created from exits and funding

  • Top 10 Global Ecosystem #1 MENA Ecosystem in Talent & Experience — measures long term trends over the most significant performance factors and the ability to generate and keep talent in the ecosystem

  • Top 15 Global Ecosystem and #1 MENA Ecosystem in Funding — measures innovation through early-stage funding and investor’s activity

  • Top 20 Global Ecosystem and #1 MENA Ecosystem in Knowledge — measures innovation through research and patent activity

  • #3 MENA Ecosystem in Bang for Buck — measures the amount of runway tech startups acquire, on average, from a VC round

  • Top 20 MENA in Affordable Talent — measures the ability to hire tech talent

  • The AI, Big Data & Analytics, Cybersecurity, and Life Sciences sectors are highlighted for their density of talent, support resources, and startup activity

“Israel is one of Nvidia's largest hubs in terms of population ratio. It's also home to some of our most talented engineers. One of our most significant investments, NVSwitch, originated from Israel” – Jensen Huang, Founder & CEO, NVIDIA GTC

The report highlights Tel Aviv as a booming hub for international and local innovation centers. Volkswagen, Citi, Hyundai, and Visa host their innovation centers there, and several new centers are planned. In May 2023, Tel Aviv University (TAU) launched an aggregation center for innovation and in December 2023, the Israeli government announced a $27.6 million initiative to establish nine innovation centers. In December 2023, the Israeli government announced a $27.6 million initiative to establish nine innovation centers.

“Entrepreneurs from Tel Aviv are confronted with unprecedented challenges, yet continue to build impeccable technologies and fast-growing businesses that successfully penetrate global markets”, shares Marc Penzel, Founder & President of Startup Genome.

For more insights and an overview of Tel Aviv’s startup landscape, visit Tel Aviv’s ecosystem page.

To learn more about startup ecosystems around the world, view the full, free Global Startup Ecosystem Report.

Contact Us

Our data shows that collaboration is at the core of the fastest growing startup ecosystems. We work with forward-looking organizations who understand that joining the global startup economy is key to to drive innovation and spur economic growth.