The HAC, an initiative by the Municipality of Herzliya, is a Smart-space for young (21-35), local entrepreneurs

Herzliya Accelerator Center (HAC)

COM.UNITY Project

A global innovation platform, supporting entrepreneurs and startup companies on their journey to change the word

TechnoArt

![view of high rise buildings and roadways under blue sky](https://images.unsplash.com/photo-1552423312-1433cd8c80b0?ixlib=rb-4.0.3&ixid=M3wxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHx8fA%3D%3D&auto=format&fit=crop&w=1000&q=80)
 Israel is renowned as the startup nation for a good reason; it’s a small country that is able to make a significant impact on the global startup ecosystem. Despite facing challenges over the past year, such as a controversial judicial overhaul and unsettling events, Israel has always been resilient. Each crisis has led to a wave of creation and innovation, propelling the country’s ecosystem towards growth. With the internal crisis stemming from the judicial overhaul now behind them, the country’s ecosystem is likely on a path of substantial growth resulting from innovations developed since the onset of the Gaza war.

==read-more==

 

 Despite recent hurdles, Israel continues to shine as an example of how a country with less than 10 million people can produce globally scalable startups. The nation boasts the highest concentration of unicorns founded by its entrepreneurs on a per capita basis. The success of the Israeli ecosystem is attributed to the audacious spirit of its entrepreneurs, described as ”chutzpah,” which drives their innovation and triumph. 

 

 In recent decades, Israel has demonstrated how startups can transform a developing economy into a developed one with high efficiency. The Israeli startup ecosystem serves as a revenue generator for the country through exits and high salaries, while companies like Waze, Wix, Fiverr, and Viber have made a mark globally. Key industries where Israel excels include autonomous driving, advertising, services, and the promising sector of cybersecurity, leveraging the country’s unique challenges. 

 

 However, Israel faces a challenge with brain drain, as over 80 Israeli unicorns are now based in the US due to various factors. Despite the standout performance of the startup ecosystem, Israel lags behind its competitors in terms of business climate and infrastructure. 

 

 In a paradoxical scenario, Israel’s ecosystem success juxtaposed with its infrastructure gaps can be observed in key sectors like Fintech, where global giants like Stripe and Revolut are absent, yet Israel boasts international stars like Payoneer, EToro, and Lemonade. The country sees success in automotive startups like Moovit and Mobileye, even amidst challenges with public transport. 

 

 Noteworthy institutions like the [Israel Innovation Authority](https://innovationisrael.org.il/en/), [Startup Nation Central](https://startupnationcentral.org/), and [Technion](https://www.technion.ac.il/en/home-2/) play a crucial role in bolstering the startup ecosystem. Additionally, the Israeli Army inadvertently acts as a startup accelerator, fostering innovation and potential co-founder collaborations. 

 

 The presence of leading global companies like Microsoft, Intel, and Google, who invest in R&D in Israel, further boosts the ecosystem. To ensure sustained growth and unleash its true potential, Israel should focus on retaining local talent, attracting foreign entrepreneurs, and emulating startup hubs like London, Singapore, and San Francisco.

"{\"dashboardData\":{\"country_id\":25,\"region_position\":1,\"region_last_position\":1,\"country_name\":\"Israel\",\"region_name\":\"Middle East\",\"position\":3,\"quantity_index\":4,\"quality_index\":2,\"business_index\":21,\"last_position\":3,\"traction_rank\":11,\"global_count\":119,\"startup_pos\":10,\"startup_count\":2513,\"coworking_pos\":26,\"coworking_count\":53,\"accelerator_pos\":12,\"accelerator_count\":74,\"organization_pos\":32,\"organization_count\":9,\"leader_pos\":3,\"leader_count\":16,\"unicorns\":29,\"exits\":26,\"pantheons\":8,\"top_industries\":[{\"industry_id\":6,\"industry_position\":2,\"startups_count\":1082},{\"industry_id\":10,\"industry_position\":2,\"startups_count\":314},{\"industry_id\":9,\"industry_position\":3,\"startups_count\":188}],\"industries_with_position\":[{\"industry_id\":6,\"industry_position\":2,\"startups_count\":1082},{\"industry_id\":10,\"industry_position\":2,\"startups_count\":314},{\"industry_id\":9,\"industry_position\":3,\"startups_count\":188},{\"industry_id\":11,\"industry_position\":3,\"startups_count\":180},{\"industry_id\":5,\"industry_position\":4,\"startups_count\":169},{\"industry_id\":7,\"industry_position\":4,\"startups_count\":139},{\"industry_id\":8,\"industry_position\":4,\"startups_count\":129},{\"industry_id\":3,\"industry_position\":5,\"startups_count\":121},{\"industry_id\":4,\"industry_position\":5,\"startups_count\":100},{\"industry_id\":2,\"industry_position\":7,\"startups_count\":93},{\"industry_id\":1,\"industry_position\":8,\"startups_count\":59}],\"notable_startups_logos\":[{\"notableLogo\":\"https://images.crunchbase.com/image/upload/c_pad,h_64,w_64,f_auto,b_white,q_auto:eco,dpr_1/wbhhzwfvmktxoik8qhdc\",\"cb_logo\":null,\"title\":\"StreamElements\",\"sb_url\":\"/startup\",\"slug\":\"streamelements\",\"id\":278374},{\"notableLogo\":null,\"cb_logo\":\"/image/upload/vwl5a3fscwqshaoghmur\",\"title\":\"Guardio\",\"sb_url\":\"/startup\",\"slug\":\"guardio\",\"id\":327685},{\"notableLogo\":null,\"cb_logo\":\"/image/upload/neeqat3tg5ogjexyp21g\",\"title\":\"TipRanks\",\"sb_url\":\"/startup\",\"slug\":\"tipranks\",\"id\":319608}],\"notable_startups_highest_industry_logos\":[{\"notableLogo\":null,\"cb_logo\":\"/image/upload/kvavp8pmbohmjljpvqhs\",\"title\":\"Connecteam\",\"sb_url\":\"/startup\",\"slug\":\"connecteam\",\"id\":325346},{\"notableLogo\":null,\"cb_logo\":\"https://images.crunchbase.com/image/upload/t_cb-default-original/oanlxbjitbnmagkhk4ha\",\"title\":\"Nexar Ltd\",\"sb_url\":\"/startup\",\"slug\":\"nexar-ltd\",\"id\":249020},{\"notableLogo\":\"https://images.crunchbase.com/image/upload/c_pad,h_64,w_64,f_auto,b_white,q_auto:eco,dpr_1/axdj6fytlgzm6vjgjtng\",\"cb_logo\":\"https://images.crunchbase.com/image/upload/t_cb-default-original/hoinpmjzr6rkhtayqlhm\",\"title\":\"Percepto\",\"sb_url\":\"/startup\",\"slug\":\"percepto\",\"id\":257141}],\"top3_cities\":[{\"position\":9,\"city_name\":\"Tel Aviv Area\",\"all_cities_count\":12},{\"position\":92,\"city_name\":\"Jerusalem\",\"all_cities_count\":12},{\"position\":156,\"city_name\":\"Haifa\",\"all_cities_count\":12}],\"ranked_entities_count\":2359,\"population\":9.6,\"country_partner_link\":\"https://www.leumitech.com/\",\"has_complimentary_partner\":false,\"description\":null,\"portal\":null,\"next_global_position_country_name\":\"Canada\",\"ranked_cities_count\":12,\"ranked_cities_count_previous_year\":14,\"averageFunding\":\"12485917\"},\"hero\":{\"leftText\":\"Israel has 12 cities in the\\n    top 1000 and has a vibrant startup scene that ranks 3rd\\n    within the competitive global top 10.\",\"rightText\":\"Israel’s startup scene remains stable in 2024 on the\\n      3rd position, despite losing 2\\n      cities in the global top 1000.\"},\"startupRankingByIndustry\":{\"industry_one\":\"On our map, you can explore\\n  a total of 1082 startups for Hardware & IoT.\",\"industry_two\":\"The Software & Data industry in Israel's is ranked 2 globally. There are 314 startups for Software & Data on our sample database and map.\",\"industry_three\":\"Israel's Social & Leisure is ranked 3rd in the world. Our database contains 188 for this industry.\"},\"startupEcosystemFacts\":{\"descriptionText\":\"Our startup ecosystem map for Israel includes a sample of  2513 tech companies. We have identified as unicorns 29 startups that have passed the USD 1 billion valuations. Contributing to the vitality of this startup ecosystem are the 8 pantheon member entities.\",\"globalRankInsight\":\"Israel is ranked within the top 10 startup ecosystems globally.\",\"topIndustriesInsight\":\"Israel’s startup scene is best represented in\\n  Hardware & IoT, Software & Data, and in Social & and Leisure.\",\"positionInsight\":\"Israel outranks Canada and is surpassed by\\n    undefined. Read more about them in the GSEI.\",\"totalFundingInsight\":\"The average amount of funding for startups in Israel is 12485917.\",\"averageFundingInsight\":\"Based on the average startup funding, Israel can be considered a {seed startup ecosystem}.\",\"facilitiesInsight\":\"{country} outranks {country 1 ranked bellow}, {country 2 ranked below} and {country 3 ranked below} but is surpassed by {country 1} which has a higher total score.\"},\"startupInfrastructure\":{\"text\":\"With a large variety of accelerator programs and initiatives, Israel's startup scene stands out from that of other countries in Middle East. Israel offers a number of funding\\nopportunities for entrepreneurs and startups. Below is a list of some of Israel's most prominent support initiatives:\"},\"featuredEcosystemPortal\":{\"text\":\"The country has some notable startup success stories including , StreamElements.\"},\"metaDescription\":{\"title\":\"Startup Ecosystem of Israel | Startupblink\",\"description\":\"Israel’s startup ecosystem ranks 1st in Middle East and 3rd globally. Israel’s startups raised 12485917 US dollars on average. Find the most promising startups, unicorns, and notable exits in Israel.\"}}"

Best Startup Accelerators in Israel for 2024

List of Best Startup Accelerators Programs in Israel for 2024

Explore the Startup Ecosystem of Israel

Top Cities for Startups in Israel - Ranked by StartupBlink