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IATI - Israel Advanced Technology Industries
IATI News & Events Daily Industry News Why US Companies Are Drooling Over Israel's Amazing Startup Scene

Why US Companies Are Drooling Over Israel's Amazing Startup Scene

Apr. 25, 2013

U.S. companies and investors are falling over themselves to get a piece of Israel's startup action these days.

There are at least two dozen accelerator programs in the Tel Aviv area, including some run by Microsoft and Google.

It seems like every U.S. VC has at least one Israeli startup in its portfolio. Some even have full offices here, like Battery Ventures, Benchmark, Bessemer, Sequoia, according to the Mapped In Israel startup map.

With 4,800 startups in the country today, Israel is known as the "startup nation." That's more startups per capita than any other country, and No. 2 in actual numbers after the United States (not counting those who claim the tax shelter Cayman Islands as their home).

Of those 4,800, about 700 are VC backed. The rest are bootstrapped, Microsoft's Tzahi Weisfeld, senior director of Microsoft global startup group in Tel Aviv, told Business Insider.

For the full Business Insider story, click here

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