Israel

Jerusalem

Early-Globalization Phase

Jerusalem should be a light to the world from a creative and innovation perspective. It is a place where new solutions emerge that can solve real-world problems in health, automotive, and any industry that can make life better.

Oded Barel-Sabag
Executive Director of Jnext at The Jerusalem Development Authority

Sub-sector Strengths

AI, Big Data & Analytics

Mobileye was acquired by Intel for $15 billion in 2017 — the largest acquisition of an Israeli tech company to date. As a result, Jerusalem is becoming Intel’s world center for ‘Autonomous Vehicles’ and the largest AI-focused R&D center in Israel. The computer science school at The Hebrew University of Jerusalem is the largest in Israel with multiple research groups on AI and Analytics. DataHack, the largest data-science hackathon and community in Israel, is based in Jerusalem.

Life Sciences

Jerusalem is the leading Life Sciences cluster in Israel, with the highest density of Life Sciences startups in the country and highest in the world, together with San Diego. The Ministry of Jerusalem and Heritage, Jerusalem Development Authority, and LR Group set up the $130 million Jerusalem Biotech Fund. Jerusalem has roughly 150 Life Sciences companies including Orcam, the first and only Israeli digital health unicorn, BrainQ, which raised $8.8 million in May 2018, and Anchiano Therapeutics (formerly known as BioCancell). The Biohouse workspace inside Hadassah Hospital serves as a startup laboratory and home base for IBM’s digital health accelerator. BioGiv’s lab space for Life Sciences companies provides an academic IP-free zone.

Why you should invest in Jerusalem

SOFTWARE STARTUP OUTPUT
600-900
GLOBAL AVG.
1,010
ECOSYSTEM VALUE
$2.6 bn
GLOBAL AVG.
$5 bn
Top 10 Global Ecosystem
Life Sciences
Top 20 Global Ecosystem
Artificial Intelligence
1
Exit Growth
INDEX
10
Output Growth
INDEX
8
Funding Growth
INDEX

Reasons to move your startup to Jerusalem

EARLY-STAGE FUNDING PER STARTUP
$267 k
GLOBAL AVG.
$284 k
TOTAL EARLY-STAGE FUNDING
$203 m
GLOBAL AVG.
$837 m
SOFTWARE ENGINEER SALARY
$56.7 k
GLOBAL AVG.
$58.3 k

Cutting-Edge Academic Institutions

Home to Israel’s leading universities such as The Hebrew University and Bezalel Academy of Art & Design, which play significant roles in the creation of startups and fueling the ecosystem with new talent.

Financial Benefits

Jerusalem, a national priority development area, offers tax benefits and grants of up to $165,000 for tech and up to $1 million for life-sciences companies.

Startup Community

Startup Genome
Partners & Members

ALYNnovation
AtoBe Entrepreneurship Center - Azrieli College of Engineering
BioJerusalem
Startup Nation Central
Jumpspeed Ventures
Siftech Accelerator
Masschallenge Jerusalem
Made in JLM
Bizmax
OurCrowd
HUJI Innovate - The Hebrew University Entrepreneurship Center
Jerusalem Venture Partners
VLX Ventures
BioHouse
IBM Hadassah Accelerator
GroundUp Ventures
Fresh.fund
ToD Innovation Lab
DataHack
Huji Hackathon
QueenB

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