Israel's small and relatively young state, with a population of fewer than ten million, is confidently competing in the startup race with USA Silicon Valley and China.

There are over 7,000 startups and over 100 venture capital funds in the country, and unicorns are regularly popping up. Today, more than 70 companies in Israel have a capitalization of over $1 billion.

Israel has the world's highest number of entrepreneurs and venture capital investments per capita. According to the annual analysts report on the Startup Ecosystem Index, the Israeli startup ecosystem ranks second in the world after the United States.

Experts estimate the Israeli innovation ecosystem at US$120 billion.

In Israel, there is an open ecosystem and culture of cultivating startups and innovation where entrepreneurs, the government, venture capitalists, educational centres, business incubators and accelerators interact and work together for that purpose.

In Israel, high-tech companies produce 15% of Israel's GDP and 43% of Israeli exports, and its workers provide 25% of all income taxes.

In 2021, US scientists conducted a global study of the startup industry. They ranked 150 cities worldwide that have created the best ecosystem to support entrepreneurs - Tel Aviv ranked 6th out of those 150 cities.

The Israeli startup community is very mature - Israel has the fourth generation of startup entrepreneurs, which are tightly integrated with venture capital communities in the US, Europe and Asia.