The Thriving Technological Ecosystem of Tel Aviv

2 Adar 5780

27 February 2020

 

 

It is now 4 days until the election on March 2.

 

Two Exactly Correct Quotes of the Day

Quote 1:

“I don’t understand the strategy at all. We are now talking about 13 rounds of missile attacks over the last 5 years with misery for the residents along the Gaza border. It’s unclear to me what the Israeli government wants. The operational capability of Hamas and Islamic Jihad increases with each round of fighting.”

Tamir Pardo, former head of Mossad

Do you know why Pardo doesn’t understand Israel’s strategy about the endless attacks from Gaza? Simply because Israel has no strategy.

Quote 2: 

“Why are we called the “right”? We love the land of Israel, the people of Israel, and we love the teachings of Israel. Why do you call it the “right” block? It should be called the  “Jewish” block.  

Shas chairman, Minister Aryeh Deri

Truth if ever spoken.

 

The News on the Israeli Street

From Jerusalem:

In another amazing display of European arrogance today, the ambassadors the Netherlands, Ireland, Sweden, the United Kingdom, Spain, France, Germany, Italy came to President Rivlin’s office to protest PM Netanyahu’s announcements concerning construction in Har Homa in southern Jerusalem and the E1 area near Maale Adumim in northern Jerusalem.

These are the same countries that have been illegally funding new Palestinian settlements in Area C of Judea and Samaria in hopes of transferring Palestinian population from Areas A and B to Area C.

And now they have the chutzpah to complain?

Incredible.

From Judea and Samaria:

At the urging of Defense Minister Naftali Bennett, the Committee for Settlement of the Civil Administration in Judea and Samaria approved 741 new housing units yesterday along with tentative plans for 1036 more.

Kolakevod to Defense Minister Bennett!

From Gaza:

More explosive balloons were launched out of Gaza with clusters spotted above Netivot and the area around Sderot.
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Defense Minister Bennett signed an order yesterday seizing $4 million dollars that had been transferred from Iran to Hamas.

The order was specifically directed against the family of  Gaza “businessman” Zuhir Shmalach who handles financial transactions for Hamas.

According to Bennett: “The Iranian octopus feeds terrorism around us. Our counterterrorism activity is not only on the battlefield but in the economic realm.”

 

TODAY’S BLOG:

The Thriving Technological Ecosystem of Tel Aviv

As regular readers of OneIsrael know, Tel Aviv has been crowned as the world city with the most startups per capita with one startup for each 200 residents.

More than that, 16 more companies set up shop in Tel Aviv this past year joining 2000 others which include the likes of Alibaba, Verizon, eBay, Amazon, Facebook, and Google. 

A few other facts:

*Tel Aviv now has 107 multinational companies operating in the city which employ 10,250 workers. 

*44% of the companies operating in Tel Aviv are involved in software, cyber security, and business analytics.

*The average salary for a software developer with no experience is between $5000-5600 per month. For developers with ten years of experience the average pay range is between $7800-11,100.

So why is Tel Aviv a hotspot?

Here’s what Tel Aviv Mayor Ron Huldai thinks:

“Over the past decade, our city has experienced a unique phenomenon: from a local economic center that primarily serves the Israeli market, Tel Aviv has become an international hub, attracting talent and companies from all over the world with a clear focus on the creative and technology industries. Massive investment in infrastructure, along with a clear policy of attracting young people to the city, has made Tel Aviv a hub for innovative companies.”

Anyone who has visited Tel Aviv lately can see evidence of what Huldai says–particularly as regards the massive influx of young people into the city.

Michal Michaeli, Diretor of Tel Aviv Economic Developement says this:

“We are experiencing an increase in companies moving to Israel and noticing the change in why they are moving. In the past, if a company purchased a certain startup or technology, they would take part of their operations to Israel. We are now seeing more and more companies, especially in leading fields such as artificial intelligence, cloud computing and mobility, making the move simply because they want to be part of our thriving ecosystem.”

In other words, companies want to be in Tel Aviv regardless of whether they purchased a certain startup or technology. Michaeli’s description of a thriving ecosystem is spot on. If you talk to anyone in Israel these days about workplace issues, the first phrase out of their mouths is “high-tech.”

Congratulations to Tel Aviv for what it has accomplished!

 

*OneIsrael gratefully acknowledges ynet for elements of this blog today.