Despite the pandemic, Israel’s high-tech center achieved record highs in terms of investment and exits.

The world-leading high-tech ecosystem in Tel Aviv experienced significant growth in 2020 despite the pandemic, according to a report from the Tel Aviv-Yafo Municipality’s Center for Economic & Social Research, Tel Aviv Global & Tourism, and IVC Research Center.

Tel Aviv hosts 2,865 tech companies, including 115 R&D centers of multinational corporations. During the past five years, the number of tech companies active in Tel Aviv grew by 25% compared to a 16% increase across 

Tel Aviv’s talent is a magnet for multinational corporations and foreign investors who join the growing local scene of innovators. The tech industry demonstrated its value to the city and country throughout this challenging year, while its cutting-edge ideas and developments remain at the forefront of global innovation.