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Tel Aviv is commonly regarded as the economic and cultural capital of Israel. Due to the city's cosmopolitan atmosphere and the constant innovation approach, Tel Aviv has established itself as a local and international startup hub. According to the IVC Research Center, the number of startups in Tel Aviv amounted to in 2021. This was a slight decrease compared to the previous year. However, since 2017, there has been an upward trend in the number of startups in this central city. In 2022, Startupblink ranked Tel Aviv first in its list of  best cities for startups in Israel, with a significantly higher score than other prominent cities in Israel, such as Jerusalem and Haifa. 

There is a diverse startup scene in Tel Aviv

  One of the characteristics of Tel Aviv as a hub for startups is the high diversity within the technology companies that operate there. Companies from various industries, such as cyber, IoT, FinTech, food tech, and more, are located in the city. Cyber ​​security is a particularly crucial industry in the technological sector in Tel Aviv. In 2021, the  number of cyber company exists in Tel Aviv in Tel Aviv reached **, which was more than any other industry within the sector. Furthermore, due to technological diversity, international companies, such as Google and Microsoft, have a significant presence in the city. In 2021, investment entities accounted for ** percent of the  multinational corporations in Tel Aviv, making this type of international company the most common.