Startup Genome and Tel Aviv Tech Launch 2023 Global Startup Ecosystem Report

June 19, 2023

Tel Aviv is celebrated in the world’s premier report on startup and economic enrichment - with the ecosystem experiencing 100% growth in Ecosystem Value Ranks as the #5 Global Startup Ecosystem. Tel Aviv moved up 2 spots from GSER 2022. The 2023 Global Startup Ecosystem Report (GSER) by Startup Genome and the Global Entrepreneurship Network was launched today at The Next Web Conference in Amsterdam. The GSER is powered by the world’s most comprehensive and quality-controlled dataset on startup ecosystems. Informed by data on 3.5 million startups across 290+ global ecosystems, the report provides compelling new insights and deep knowledge about startup trends around the world. Contributions from expert thought leaders and local key players further enrich the report’s extensive, evidence-based findings, which are the product of over a decade of Startup Genome’s independent research and policy work. Tel Aviv-Yafo's Mayor, Ron Huldai: "This is an extraordinary achievement for Tel Aviv-Yafo. The presence of the city among the top five in the ranking is conclusive proof that the freedom of creativity and thought, along with the values of diversity and liberalism, form the foundation for a thriving and successful tech industry. Tel Aviv-Yafo will continue upholding these values, offering tools, assistance, and support to the start-up and high-tech companies operating in the city. It will remain a central hub and a welcoming home for tech companies in Israel. Tel Aviv Global has partnered with Startup Genome to recognize Tel Aviv’s entrepreneurial Ecosystem in the #GSER2023 Ranks as the #5 Global Startup Ecosystem. Tel Aviv moved up 2 spots from GSER 2022. Tel Aviv created $234,883,000,000 in ecosystem value from Jul 01, 2020 to Dec 31, 2022, representing 100% in compound annual growth compared with 01 Jul 2018 - 31 Dec 2020. Ecosystem value is a measure of economic impact, calculated as the value of Exits and startup valuations. Top 10 Global Ecosystem and #1 MENA Ecosystem in Funding — measures innovation through early-stage funding and investor’s activity Top 10 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 15 Global Ecosystem and #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 25 Global Ecosystem and #1 MENA Ecosystem in Knowledge — measures innovation through research and patent activity Top 40 Global Ecosystem and #1 MENA Ecosystem in Bang for Buck — measures the amount of runway tech startups acquire, on average, from a VC round. The Life Sciences, Cybersecurity, and AI, Big Data & Analytics sectors are highlighted for their density of talent, support resources, and startup activity The established startup scene and tax incentives are cited as reasons a startup should move to Tel Aviv. “We are very proud to be working together with Tel Aviv Global to highlight their startup success stories in Tel Aviv and share with the world the top opportunities we see for continued strong entrepreneurial growth in the region. We are excited that Tel Aviv is part of our global network of world-leading innovators, and we look forward to driving further success through the power of connectedness and our ability to share key insights, best practices, and learnings for the future together,” shares Stephan Kuester, Head of Ecosystem Strategy of Startup Genome. GSER 2023 ranks the top 30 as well as 10 runner-up global ecosystems and includes a top 100 ranking of emerging ecosystems. It also highlights startup communities from a regional perspective, separately ranking ecosystems in Africa, Asia, Europe, Latin America, MENA, North America, and Oceania. Key themes of this year's report include inflation, AI regulation, talent attraction, global VC funding, and a wide range of market sub-sector analyses. The GSER is created in partnership with the Global Entrepreneurship Network, Deal room, and Crunchbase. The 2023 GSER provides invaluable insights and guidance on how to promote thriving startup communities — the #1 engine of job creation and economic growth. Discover how 140 entrepreneurial ecosystems compare and view the full report here: https://startupgenome.com/report/gser2023 ABOUT TEL AVIV GLOBAL Tel Aviv Global & Tourism is a municipal company under the Mayor's Office at the Tel Aviv-Yafo Municipality. It facilitates the global quantum leap taken by the city of Tel Aviv-Yafo in creating economic and tourism growth. ABOUT STARTUP GENOME Startup Genome’s data-driven insights provide innovation policy leaders with clarity, momentum, and strategy to help them define and execute growth-focused actions. Working side-by-side with 300 partner organizations, Startup Genome’s frameworks and methodologies are instrumental in building foundations for startups to grow. Startup Genome identifies key gaps in startup ecosystems and prioritizes actions to fuel sustained economic growth — rooted in more than a decade of independent research. Find out more by contacting Adam Bregu at adam@startupgenome.com or visiting startupgenome.com and LinkedIn. According to Sammy Yahia, "The Startup Genome is crucial in laying the foundation for new startups to develop. It will bring the technologies and countries closer than they already are currently. As we look towards the future, we are sure that the economic growth will be stable since we have a stronger foundation than ever.” Sammy Yahia Director of Tourism India and Philippines “Israel is a country with a rich cultural, historical, and religious heritage, and is home to a variety of attractions that offer something for everyone. Whether you are interested in history, culture, nature, or just looking for a unique experience, Israel is a destination that is sure to deliver”. About Israel: Whether road trips, city trips, swimming, wellness, active and cultural trips, rental car tours or family vacations, the Israeli State Tourist Office provides information about the various regions, cities, and sights in the Holy Land. Located in the eastern Mediterranean, Israel is no more than a seven-hour flight from India. The country offers a sunny climate, a wide variety of historical, archaeological, and religious sites, including houses several UNESCO World Heritage sites across the country, displaying an intriguing contrast between the ancient and modern periods. Experience the dynamic vibe of Israel. For information about the different tourism offerings, visit www.goisrael.in For the most up to date information on the guidelines and requirements for entering Israel, visit https://israelsafe.com.