6 Two Vibrant Tech Ecosystems – OurCrowd In Israel Nir Ben-David, CEO of ICaN and Senior Vice President at the Israel-Canada Chamber of Commerce: “Israel is like a huge tech incubator that is pumping out new ideas at an unprecedented rate. This has allowed them to attract tech giants, leading thinkers and venture capital from around the globe.” In the recent 2024 report by StartupBlink, a global innovation economy research platform, both Israel and Canada retained their 3rd and 4th spots globally, positions they have taken since 2020. Tel Aviv is ranked in the top 25 globally for 9 of the 11 industries, demonstrating the city’s strength across multiple sectors, performing especially well in software & data. Nir at ICaN: “The Israeli startup ecosystem is a cash cow, generating tax revenue for the country both from exits and high salaries. Israeli apps like Waze, Wix, Fiverr, and Viber have made their mark around the world, but a few, like Mobileye (sold to Intel for USD 15 billion) and Wiz (raised USD 1 billion at a USD 12 billion valuation), are the hidden powerhouses within the ecosystem.” In Canada Over 450 times bigger than Israel, Canada is one of the few countries, together with the U.S., China, and India, to have at least three cities ranked in the global top 50 of Start-up Blink report. Canada ranks third worldwide for the number of R&D branches. Nir at ICaN: “Canada’s startup scene is already impressive, but it has even more potential to tap. Considering the active approach by its efficient public sector to develop startup ecosystems, and a relative abundance of natural resources, Canada is fully able to take an even more substantial role in producing massive global hubs. The climate for entrepreneurship in Canada is promising, with attractive incentives like the Startup Visa Program (SVP), the Global Skills Strategy, and one of the most educated workforces in the world.” Toronto has most start-ups of any Canadian city The highest-ranked Canadian city in any industry is Toronto. Tzahi Lati, Associate Director at global investment platform OurCrowd
RkJQdWJsaXNoZXIy MjgzNzA=