BREAKING NEWS

Tel Aviv named top-10 startup 'ecosystem'

NOVEMBER 6, 2016 16:16

For the second year in a row, Tel Aviv has been named among the "Top 10 startup ecosystems in the world" by the San Francisco-based VentureBeat tech news site and startup investor SparkLabs Global Ventures.

Like last year, Tel Aviv placed third out of 10 on the list, following only Silicon Valley and Stockholm and immediately ahead of New York and Los Angeles. The rest of the list included Beijing, Seoul, Boston, London and Berlin.

Tel Aviv secured its third place spot even though the city had the fewest "unicorns" – ironSource, CyberArk, Infinidat and Waze – private companies that were valued at or acquired for at least $1 billion, or had initial public offerings from 2010 through today, with a current market capitalization of $1 billion or greater. The top 10 were ranked on eight factors, according to VentureBeat: funding ecosystems and exits, engineering talent, active mentoring, technical infrastructure, startup culture, legal and policy infrastructure, economic foundation and government policies and programs

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