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Startups need a global support system to thrive, says Adi Barel, managing director at EIT Hub Israel.

With its huge market, geographical proximity to Israel and similar time zones making it easy to get foothold on the continent, it should come as no surprise that there are reportedly 24,223 Europeans now employed by Israeli tech firms

A new map revealed by EIT Hub Israel, ISERD, and CQ Global has revealed that there are 912 Israeli companies in the European Union, responsible for employing 24,223 people. The data was collected over several months by a team of editors, analysts, and data sources from Start-up Nation Central and other online sources. It was presented during an event honoring the 25th anniversary of the establishment of business relations between the EU and Israel.  “The geographical proximity between Europe and Israel, combined with the long and extensive history of political, social, and economic ties, c...

Map of startups in Europe (EIT Hub & CQ Global) In Germany, for example, 240 Israeli startups provide employment to 3,135 Germans; in France there are 183 companies with 1,985 employees. These two countries and the UK employ 55% of all Israeli startup workers in Europe, the data showed. Forty-nine percent of all startups operating in the EU conduct sales and marketing activities locally and 15% have research and development operations, the data showed. The authors of the study also conducted in-depth conversations with startups operating in Europe, which showed that 37% of them anticipate gro...