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Wednesday, July 29, 2015
Tel Aviv Ranked World’s #1 Startup Ecosystem In Europe, #5 Worldwide

Tel Aviv Ranked World’s #1 Startup Ecosystem In Europe, #5 Worldwide
Compass Global Startup Ecosystem Ranking Lauds Tel Aviv For Exceptional
Talent Base and Startup Performance

(July 30th 2015) – Today, the Compass Global Startup Ecosystem ranking was
announced, placing the city of Tel Aviv as the #1 startup center in all of
Europe and #5 globally. The report focused on the Tel Aviv ecosystem’s
uniquely high-quality talent and consistent ability to develop high
performing startups and attract global capital.

“To be named the best startup ecosystem in all of Europe and one of the top
five globally is a tremendous accomplishment for Tel Aviv and the
entrepreneurs who call it home,” said Hila Oren, CEO and Founder of Tel Aviv
Global. “Tel Aviv’s technology ecosystem possesses a unique spirit and is
driven by a true collaboration between the city and its amazing companies to
create a global hub capable of driving consistent innovation and creating a
powerful global impact.”

Tel Aviv ranked highest in the global talent scale, ranking as the third
most impressive talent base globally, with the report making specific
mention of the quality and impact of Tel Aviv University. The city also
ranked highly on all major indicators including startup performance,
experience, sector growth and the ability to attract capital.

"Our greatest resource is the incredible quality and talent of our people,
and it was especially exciting to see this amazing population rank so highly
in that category,” said Yael Weinstein, Director of Global Economic
Development, Tel Aviv Global. “It shows that our future is even brighter
than our present and only reaffirms our focus on helping to foster an
environment that doesn’t just laud the caliber of our people but actively
looks to help them get even better.”

The report also focused on the impact of the diversification of Tel Aviv’s
technology ecosystem, as more companies move away from the sectors that once
dominated the landscape, using Wix, a Tel Aviv tech stalwart and consumer
focused brand, as an example. Tel Aviv’s ranking is all the more impressive
considering an especially small domestic market, which limited status on
other indicators.

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