Israel, A technological hub for startups and entrepreneurs
There is no doubt that the Silicon Valley is the major hub for technology in the world to date. But, right now it’s not the Silicon Valley making a buzz but rather a small little country of about 7 million that is making a bid for one of the worlds most prestigious hubs for innovation and technology. Israel is home to over 5,500 startups currently and that number is only increasing.
Israel’s most innovative city is Tel Aviv, which has some of the largest companies in the world opening up shop there. Recently Google set up a campus there and has a phenomenal entrepreneur program.
Recently, Waze (an Israeli startup) was bought out by Google and its becoming more apparent that the more these big tech companies set up camp in Israel the more relationships are formed and the higher the rate of exits for Israeli Startups
This being said, if there is a highly dense startup community with thousands of entrepreneurs shouldn’t there be a need for cheap workspace. My question to anyone reading this is, would you open a co-working space in Israel? Is it a good idea for an American company trying to expand internationally. If not why? Also, if not where would you see the best spot for opening up internationally? If you think Israel is an ideal location explain why.