Multinationals Flock to Tel Aviv


The Library - Courtesy of Tel Aviv Municipality 2Tel Aviv is attracting the best and the biggest: countries and multinationals are opening accelerators in Tel Aviv

Tel Aviv is Startup City of the Startup Nation, and has evolved into one of the world’s leading hubs for technology and innovation, named in 2015 the world’s #1 Ecosystem outside the United States by Compass and one of the most innovative cities in the world by Tech Republic.

 

Tel Aviv is only 52sqkm, yet has 50 accelerators across the city (a growth rate of 137% since 2012). The startup ecosystem is continuing to grow in 2016: since the beginning of year many countries and multinationals have been opening innnovation centers in Tel Aviv, understanding that the Startup City of the Startup Nation is the best place to be.

 

Here are some of them:

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Innovation Visa Program For Foreign Entrepreneurs gets off the ground in ISRAEL


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Israeli Minister of Economy Aryeh Deri: “Israel is known in the world as a center of innovation and development and we must retain this position. The innovation visa will enable foreign entrepreneurs from all over the world to develop new ideas in Israel and this will help the local market grow and improve our standing in the world.”

 

The Israeli Ministry of Economy, through the Office of the Chief Scientist and the Population and Immigration Border Authority will launch the program in the coming months. Entrepreneurs who are awarded up to 24 month visas will be able to develop new technological enterprises in Israel and their visas will be extended if they decide to establish startup companies in Israel.

Israeli Ministry of Economy Director General Amit Lang this week signed off on an executive ministry program entitled “Innovation Visas for Foreign Entrepreneurs”. In coming months, the Office of the Chief Scientist at the Israeli Ministry of Economy and the Population and Immigration Border Authority will complete preparations for the program, in which visas will be given to foreign investors from abroad. These investors will be allowed to develop technological initiatives in Israel for a period of up to two years. Continue reading