Home is where your startup prospers: How Tel Aviv became a hotbed of startup culture and money
What does it take to create a successful startup ecosystem? Furthermore, what does it take to create a the dynamic and innovative culture, community and possibilities of a startup city? Tel Aviv: Startup Utopia Many have written (and will write) about the Startup Nation’s success in general and the success of its high-tech capital Tel Aviv specifically. Why all the hype? Well, besides the fact that Tel Aviv is the second-most entrepreneurial hotspot after Silicon Valley, it also has the highest density of startups in the world — and the number is constantly growing. Even President Obama once said that “if people want to see the future of the world economy, they should look at Tel Aviv.” But how does Tel Aviv, as a city, maintain its status as a hotbed of startup culture and money? And can other cities around the globe replicate its thriving startup environment? Tel Aviv’s Secret Sauce In an article in Inc. Magazine, contributor Jeremy Shure lists several forward-thinking and innovative initiatives taken by the city that have contributed in the cultivation of its vibrant startup ecosystem. The local government is exceptionally proactive in making the city a...
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