from the March 2013 issue

Tel Aviv named 2nd best high-tech center

Tel Aviv has made it to the second place, immediately after Silicon Valley, on a list ranking the world's leading high-tech centers, according to the results of an international study.

The report checked different cities' suitability to nurture the success of startup companies, reaching the conclusions the best place for startup companies is Silicon Valley, home to major companies like Google, Apple, Facebook and others.

Tel Aviv comes next, before Los Angeles, Seattle, New York, Boston, London, Toronto and Chicago. The next group of 10 consists of Paris, Sydney, Sao Paulo, Moscow, Berlin, Waterloo, Singapore, Melbourne, Bangalore and Santiago.

According to figures presented in the report, the average age of Tel Avivian entrepreneurs is 36.16, two years older than the average age of entrepreneurs in Silicon Valley. The study also reveals that in Tel Aviv, startup employees work 9.42 hours a day, less than their counterparts in Silicon Valley who work 9.95 hours a day.

Reprinted from the Israel High-Tech & Investment Report March 2013

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