2020 was a banner year for Tel Aviv's innovation ecosystem

2020 was a banner year for Tel Aviv’s innovation ecosystem
Despite the pandemic, Israel’s high-tech center achieved record highs in terms of investment and exits.
View of the Tel Aviv Stock Exchange. November 29, 2020. Photo by Miriam Alster/FLASH90
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 Israel.

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