Ever wondered how Israel has emerged as one of the big players within the tech startup space? Israel is currently one of the top five countries in terms of R&D expenditure and AI startups while having multiple cybersecurity unicorns in the world. In fact, 84% of MENA’s total venture capital funding went to Israel in 2021. 

Tel Aviv is a great startup hub with a $120 billion startup value and the location of at least 92 unicorn companies. The country has helped entrepreneurs and innovators succeed through multiple government programs and tax incentives that offer reduced tax rates, tax deductions, wage subsidies, and more. Israel also signed the Abraham Accords that normalized economic relations with the Kingdom of Bahrain and the United Arab Emirates. 

With unicorn startups such as OverWolf, Waze, and Mobileye as well as a number of influential people helping to further the country’s innovative gains, We can expect Israel to continue to have a great impact on the tech startup space as a startup nation.