WSJ: Tel Aviv ranks 2nd in innovation
Mar. 4, 2013
Tel Aviv has been ranked the world's second "most innovative city" as part of the Wall Street Journal magazine and Citibank's City of the Year contest, organized by the non-profit Urban Land Institute.
The Israeli metropolis was among the three cities which made it to the final out of 200. The winner was Medellin in Colombia. New York City came in third. The results were determined by online voters and Urban Land Institute judges.
Tel Aviv's achievements in the fields of technology, high-tech and research were mentioned as the reasons for its inclusion in the competition.
According to Leslie Braunstein in Urban Land's website, Israel’s seaside metropolis "has emerged as a global hub of technological innovation. Home to thousands of homegrown startups as well as outposts of American giants such as Google and Microsoft, Tel Aviv’s technology corridor, dubbed the 'Silicon Wadi' (employing the Arabic word for valley), is ranked just behind California’s Silicon Valley in worldwide importance.
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